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Sentiment · FY2026 Q2
EPS of $0.49 with EBITDA of $615 million improved nearly 50% as Middle East conflict disrupted over 20% of global PE/PP capacity, driving $0.50/lb cumulative price increases. The European asset sale to Velogy was completed while the Board cut the dividend 50% to protect the balance sheet. April PE orders ran 20% above pre-war averages, signaling a potential supply-driven inflection in the prolonged downturn.
Competitive Dynamics | Margin | Capital Allocation | Pricing | Demand | Supply Chain | Capex Investment | Innovation & R&D | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | 1 |
| 2025Q1 | 2 | 2 | 3 | 1 | 2 | 1 | 2 | 1 |
| 2025Q2 | 1 | 6 | 4 | 1 | 2 | 1 | 2 | 3 |
| 2025Q3 | 5 | 2 | 3 | 1 | 1 | 1 | 1 | |
| 2025Q4 | 5 | 4 | 4 | 2 | 1 | 2 | 1 | |
| 2026Q1 | 5 | 5 | 1 | 6 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Competitive Dynamics | 3 | 2 | 1 | 5 | 5 | 5 |
| Margin | 2 | 2 | 6 | 2 | 4 | 5 |
| Capital Allocation | 1 | 3 | 4 | 3 | 4 | 1 |
| Pricing | 1 | 1 | 1 | 1 | 2 | 6 |
| Demand | 2 | 2 | 2 | 1 | 1 | 2 |
| Supply Chain | 1 | 1 | 1 | 1 | 2 | 1 |
| Capex Investment | 1 | 2 | 2 | 1 | 1 | |
| Innovation & R&D | 1 | 1 | 3 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $9.50B | -4.4% | $-1.87 | -440.0% | 7.9% | -6.9% | -6.3% | $1.41B |
| FY2025 Q1 | $7.68B | -7.6% | $0.53 | -63.2% | 7.2% | 1.5% | 2.3% | $-1.06B |
| FY2025 Q2 | $7.66B | -11.8% | $0.34 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jeff Zekauskas | JPMorgan | 7 (43%) |
| Frank Mitsch | Fermium Research | 7 (29%) |
| Patrick Cunningham | Citigroup |
| -87.9% |
| 10.4% |
| 4.3% |
| 1.5% |
| $-188M |
| FY2025 Q3 | $7.73B | -10.2% | $-2.77 | -258.3% | 11.7% | -9.5% | -11.5% | $577M |
| FY2025 Q4 | $7.09B | -25.3% | $-0.45 | +75.9% | 6.5% | -0.6% | -2.0% | $2.94B |
| FY2026 Q1 | $7.20B | -6.3% | $0.39 | -26.4% | 9.7% | 3.3% | 1.7% | $-538M |
| FY2026 Q2 | $9.18B | +19.8% | $1.72 | +405.9% | 22.2% | 16.8% | 6.1% | $1.02B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Vincent Andrews | Morgan Stanley | 6 (0%) |
| Dave Begleiter | Deutsche Bank | 6 (17%) |
| Kevin McCarthy | Vertical Research Partners | 6 (0%) |
| Josh Spector | UBS | 4 (0%) |
| John Roberts | Mizuho Securities | 4 (0%) |
| Mike Sison | Wells Fargo | 4 (0%) |
| Matthew Blair | Tudor, Pickering, Holt | 3 (33%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Fermium Research | 1 | 7 (29%) |
| JPMorgan | 1 | 7 (43%) |
| Citigroup | 1 | 7 (29%) |
| Morgan Stanley | 2 | 7 (0%) |
| UBS | 2 | 6 (0%) |
| Deutsche Bank | 1 | 6 (17%) |
| Vertical Research Partners | 1 | 6 (0%) |
| Bank of America | 3 | 5 (20%) |
What LYB and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Everybody saw that we closed during the night. So early morning, Houston time on Velogy, the sale of our four assets.”
LyondellBasell completed the divestiture of four European O&P assets to Velogy, advancing its European portfolio transformation.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
LYB LyondellBasell | 4 | -6.3% | |
| ALB Albemarle Corporation | 9 | +32.7% | |
| APD Air Products | 9 | +8.8% | |
| DD DuPont | 6 | -45.2% | |
| ECL Ecolab | 7 | +10.0% | |
| IFF International Flavors & Fragrances | 6 | -3.6% | |
| LIN Linde plc | 9 | +8.3% | |
| PPG PPG Industries | 6 | +6.7% | |
| SHW The Sherwin-Williams Company | 6 | +6.8% |