NYSE$LYB

LyondellBasell Industries NV · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

LyondellBasell reported strong first quarter results driven by robust demand and strong margins.

LyondellBasell reported a net income of $1.3 billion and EBITDA of $2.0 billion for the first quarter of 2022. The company saw robust demand across its portfolio, particularly in the Intermediates & Derivatives segment. They also returned $0.6 billion to shareholders through dividends and share repurchases.

  • Net Income: $1.3 billion
  • Diluted earnings per share: $4.00
  • EBITDA: $2.0 billion; strongest first quarter since 2015 and record first quarter for I&D segment
  • Robust cash from operating activities: $1.5 billion

Headline financials

Total Revenue

$13.2B

Previous: $9.08B+44.9%
EPS (adj)

$4.00

Previous: $3.18+25.8%
EBITDA

$2B

Previous: $1.6B+25.0%
Capital Expenditures

-$446M

Previous: -$340M-31.2%
Free Cash Flow

$874M

Previous: $730M+19.7%
Net Income

$1.32B

Previous: $1.07B+23.4%
Operating Income

$1.66B

Previous: $1.09B+52.7%
Gross Profit

$2.02B

Previous: $1.4B+43.9%
Cash & Equivalents

$1.79B

Previous: $1.45B+22.9%
Total Assets

$37.9B

Previous: $35.7B+5.9%
Stock-Based Comp

$18M

Previous: $19M-5.3%

Revenue & EPS history

LyondellBasell · Revenue · Quarterly

$13.2B

Q1 2022+44.9%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

LyondellBasell anticipates typical improvements in summer seasonal demand will extend market strength. Margins are expected to improve as product prices catch up with increased feedstock and energy costs. Reductions in European and Asian industry operating rates are expected to tighten market supply.

Tailwinds

  • Continued demand for consumer packaging.
  • Improving volumes for automotive polymer compounds.
  • Seasonal demand for durable goods used in building and construction markets.
  • Strong markets for oxyfuels products.
  • Favorable outlook for refining segment.

Headwinds

  • Global economy continues to navigate geopolitical uncertainty.
  • Volatile costs for energy and feedstocks.
  • Risks on supply chains.
  • Inflation.
  • Unsustainable production economics in China.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+1.1%

Avg return

30 days after

48%

31 / 64 earnings

Positive

+9.0%

Q2 2012

Best reaction

-7.8%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.5%-1.5%-10.8%
Q1 2026+2.1%-1.5%-10.8%
Q3 2025+2.3%-2.7%+8.4%
Q2 2025-7.8%-14.5%-2.7%
Q1 2025+0.3%-1.8%-5.3%
Q4 2024-0.6%+1.1%+0.9%
Q3 2024-3.1%-0.5%-4.0%
Q2 2024-5.7%-3.4%+0.6%
Q1 2024+2.0%-0.2%-1.1%
Q4 2023-1.5%-0.1%+5.1%
Q3 2023+0.8%+0.0%+4.8%
Q2 2023+2.0%+3.0%+4.7%
Q1 2023+2.4%-2.0%-4.4%
Q4 2022+2.5%+2.6%+0.9%
Q3 2022-7.3%-5.2%+5.2%
Q2 2022-1.8%-3.3%-1.9%
Q1 2022+1.8%+9.3%+10.3%
Q4 2021+0.9%+4.7%+2.2%
Q3 2021-2.1%-2.9%-7.2%
Q2 2021-1.6%-3.5%+2.3%
Q1 2021+0.4%+4.2%+4.8%
Q4 2020-0.6%+2.3%+18.2%
Q3 2020-0.4%-3.7%+21.7%
Q2 2020-4.8%+0.8%+4.4%
Q1 2020-6.2%-10.1%+10.0%
Q4 2019-5.5%+0.8%-14.4%
Q3 2019+7.8%+8.2%+3.2%
Q2 2019-6.4%-6.8%-5.0%
Q1 2019+0.5%-2.5%-12.1%
Q4 2018+0.8%+0.3%-2.2%
Q3 2018+0.9%+5.3%+5.2%
Q2 2018+4.2%+4.2%+4.0%
Q1 2018-0.7%-1.6%+6.8%
Q4 2017-7.5%-6.2%-8.8%
Q3 2017+4.7%+2.2%+3.1%
Q2 2017+4.1%+2.1%+4.3%
Q1 2017-4.5%-6.3%-7.7%
Q4 2016+1.3%-2.2%-1.6%
Q3 2016-2.7%-1.4%+14.6%
Q2 2016-5.2%-6.9%+0.2%
Q1 2016-2.7%
Q4 2015-2.3%
Q3 2015-2.2%
Q2 2015+4.4%
Q1 2015+6.1%
Q4 2014+4.1%
Q3 2014-7.6%
Q2 2014+7.1%
Q1 2014+1.9%
Q4 2013-1.1%
Q3 2013-0.3%
Q2 2013-0.5%
Q1 2013+0.9%
Q4 2011+2.9%
Q4 2012-3.7%
Q3 2012-0.0%
Q2 2012+9.0%
Q1 2011-6.3%
Q1 2012-6.3%
Q3 2011+1.1%
Q2 2011+4.2%
Q4 2010+1.7%
Q3 2010-0.5%
Q2 2010-4.3%
Q1 2010

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