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LyondellBasell (LYB)
NYSE:LYB
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Earnings Data
Report Date
Jan 31, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.94Last Year’s EPS
$1.26Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: -13.99%
|Next Earnings Date:Jan 31, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for LyondellBasell. While there were notable achievements such as strong safety performance, growth in the Olefins and Polyolefins - Americas segment, and progress on strategic projects like MoReTec-1, these were counterbalanced by significant challenges, including losses in the Refining segment, declines in Intermediates and Derivatives, and ongoing difficulties in the European markets. The overall sentiment is impacted by the need for strategic transformation amidst challenging market conditions.Company Guidance
During the LyondellBasell Q3 2024 earnings call, the company provided detailed guidance on various metrics and strategic initiatives. LyondellBasell's third-quarter EBITDA was reported at $1.2 billion, with earnings per share of $1.88. The company generated $670 million in cash from operating activities. The Olefins and Polyolefins - Americas segment saw a 13% sequential EBITDA increase, driven by strong ethylene margins. The company highlighted a total recordable incident rate of 0.13, emphasizing its strong safety performance. Additionally, LyondellBasell announced the start of construction on its MoReTec-1 facility in Germany, expected to produce 50,000 metric tons per year of recycled feedstocks by 2026, with a €40 million grant from the EU Innovation Fund supporting the project. The company also outlined plans for a second, larger MoReTec unit in Houston. The refining segment experienced an EBITDA loss of $23 million due to lower gasoline crack spreads, and the company plans to close its refinery by the end of Q1 2025. Looking forward, LyondellBasell expects typical seasonal demand patterns to affect profitability in Q4, with ongoing strategic reviews in Europe potentially reshaping its operational footprint.Strong Safety Performance
LYB's total recordable incident rate was 0.13, surpassing the safety performance of top quartile peers in the sector.
Olefins and Polyolefins - Americas Segment Growth
The segment posted a 13% sequential EBITDA improvement, marking its strongest quarter since Q2 2022 with $758 million EBITDA, up 50% year-on-year.
MoReTec-1 Facility Construction
Construction of the MoReTec-1 facility in Wesseling, Germany has started, supported by a EUR 40 million EU Innovation Fund grant, expected to start up in 2026.
Strong Cash Conversion
LYB generated $670 million in cash from operating activities with a 77% EBITDA to cash conversion rate over the last 12 months.
Advanced Polymer Solutions Growth
Year-to-date, APS EBITDA is up by more than 20% over 2023, with resilient demand from packaging markets.
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LYB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LYB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $85.45 | $85.17 | -0.33% |
| Aug 02, 2024 | $95.24 | $91.61 | -3.81% |
| Apr 26, 2024 | $95.44 | $97.78 | +2.45% |
| Feb 02, 2024 | $89.45 | $87.80 | -1.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does LyondellBasell (LYB) report earnings?
LyondellBasell (LYB) is schdueled to report earning on Jan 31, 2025, TBA Not Confirmed.
What is LyondellBasell (LYB) earnings time?
LyondellBasell (LYB) earnings time is at Jan 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LYB EPS forecast?
LYB EPS forecast for the fiscal quarter 2024 (Q4) is $0.94.
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