LyondellBasell Q3 2025 Earnings Report
- Net loss of $890 million and EBITDA of $(480) million in Q3 2025.
- Cash from operations reached $983 million with 135% cash conversion.
- Capital expenditures were $406 million; $443 million returned to shareholders.
- European asset sale progressing with regulatory approvals and purchase agreement.
Financial Performance
LyondellBasell reported a net loss of $890 million for Q3 2025, with a diluted loss of $2.77 per share. EBITDA was $(480) million, or $835 million excluding identified items. The company generated $983 million in cash from operating activities, achieving a 135% cash conversion rate.
Operational Highlights
In the Olefins and Polyolefins Americas segment, profitability improved due to increased olefins margins and higher sales volumes. Polyethylene spreads decreased as monomer costs rose, while polypropylene demand remained weak. In Europe, operations improved, but polymer prices faced pressure from import competition.
Intermediates and Derivatives
Oxyfuels results benefited from increased octane blend premiums and lower butane prices, despite declining styrene margins. A two-month turnaround at the La Porte, Texas acetyls unit began in September, aiming to enhance productivity and reliability.
Strategic Developments
The company balanced capital allocation with $406 million in capital expenditures and $443 million returned to shareholders. LyondellBasell is on track with its Cash Improvement Plan, targeting $600 million for 2025. The sale of four European assets is progressing with regulatory approvals and a purchase agreement.
Outlook
For Q4, year-end seasonality and lower operating rates are expected to impact results. In North America, higher natural gas and feedstock costs may pressure polyolefins margins. In Europe, weak demand is anticipated to continue. Global capacity rationalizations and measures in China support a more positive mid-term industry outlook.
Source: LYB