NYSE$LYB

LyondellBasell Industries NV · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong second quarter earnings driven by record Intermediates & Derivatives segment results and exceptional refining margins.

LyondellBasell reported net income of $1.6 billion, or $4.98 per share, for the second quarter of 2022. EBITDA was $2.4 billion, or $2.5 billion excluding LCM and impairment. The company's global portfolio delivered strong earnings and cash generation, driven by record results from the Intermediates & Derivatives segment and exceptional refining margins.

  • Net Income: $1.6 billion, $1.7 billion excluding LCM and impairment
  • Diluted earnings per share: $4.98 per share, $5.19 per share excluding LCM and impairment
  • EBITDA: $2.4 billion, $2.5 billion excluding LCM and impairment
  • Record Intermediates & Derivatives segment quarterly EBITDA

Headline financials

Total Revenue

$14.8B

Previous: $11.6B+28.3%
EPS (adj)

$5.19

Previous: $6.13-15.3%
Capital Expenditures

-$532M

Previous: -$431M-23.4%
Free Cash Flow

$1.11B

Previous: $1.63B-31.7%
Net Income

$1.64B

Previous: $2.06B-20.2%
Operating Income

$2.14B

Previous: $2.53B-15.2%
Gross Profit

$2.57B

Previous: $2.89B-10.9%
Cash & Equivalents

$1.06B

Previous: $1.38B-23.5%
Total Assets

$37B

Previous: $37.3B-0.6%
Stock-Based Comp

$19M

Previous: $16M+18.8%

Revenue & EPS history

LyondellBasell · Revenue · Quarterly

$14.8B

Q2 2022+28.3%vs Q2 2021
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

The power of our business portfolio is providing resilience during the third quarter with continued strength in demand from packaging markets and favorable margins for our oxyfuels and refined products. Moderating demand and elevated costs for feedstocks and energy are likely to compress margins across most of the company's businesses in the third quarter.

Tailwinds

  • Continued strength in demand from packaging markets
  • Favorable margins for oxyfuels
  • Favorable margins for refined products
  • Potential benefits from China's reopening could provide tailwinds for our businesses toward the end of 2022
  • New propylene oxide capacity will provide a meaningful addition to our earnings starting in 2023

Headwinds

  • Moderating demand
  • Elevated costs for feedstocks
  • Elevated costs for energy
  • Likely to compress margins across most of the company's businesses
  • Carefully monitoring impacts from inflation, supply chain challenges and slowing economic conditions

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 Q2 2022

Historical avgQ2 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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