LyondellBasell Q2 2026 earnings and dividend announcement

In late July 2026, LyondellBasell Industries reported second-quarter net income of $0.6 billion, diluted earnings of $1.71 per share and EBITDA of $1.3 billion, while also noting a divestiture of selected European assets and a cash-improvement plan. Within days, analysts highlighted a much larger earnings surge: adjusted EBITDA rose to about $2.13 billion—a 197% year-over-year increase—driven by tighter global polymer supply, higher pricing and near-full utilization of North American olefin and polyolefin assets. Sales grew roughly 20% to $9.18 billion, and JPMorgan upgraded the stock to Overweight with an $80 price target. An unplanned outage at the Bayport propylene oxide facility was restarted in June.

By early August, the company reaffirmed the $2.13 billion adjusted EBITDA figure and the 20% sales growth, attributing the performance to geopolitical supply constraints that limited feedstock abroad and allowed U.S. operations to capture stronger margins. BMO Capital Markets raised its price target to $68 while maintaining a “market perform” rating, and the broader analyst consensus remained a hold with an average target of $73.5, reflecting optimism about earnings momentum despite broader market volatility.

In mid-August, the company announced a quarterly dividend of $0.69 per share, representing an annualized yield of 4.3%. Additionally, regulatory filings indicated increased institutional interest, with TD Asset Management Inc increasing its stake in the company by 45.2% during the second quarter.