[REVISION HISTORY]

LyondellBasell Q2 2026 earnings and dividend announcement

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2026-08-04 22:02 UTC → 2026-08-15 11:53 UTC · added ~~removed~~

In late July ~~2026~~ 2026, LyondellBasell Industries reported ~~second‑quarter~~ 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~~ cash-improvement plan. Within ~~days~~ days, analysts highlighted a much larger earnings surge: adjusted EBITDA rose to about $2.13 billion—a ~~197 % year‑over‑year~~ 197% year-over-year increase—driven by tighter global polymer supply, higher pricing and ~~near‑full~~ near-full utilization of North American olefin and polyolefin assets. Sales grew roughly ~~20 %~~ 20% to $9.18 billion, and JPMorgan upgraded the stock to Overweight with a an $80 price target. An unplanned outage at the Bayport propylene oxide facility was restarted in June. By early ~~August~~ August, the company reaffirmed the $2.13 billion adjusted EBITDA figure and the ~~20 %~~ 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.

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