NYSE$LYB

LyondellBasell Industries NV · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong earnings due to robust demand and tight market conditions.

LyondellBasell reported strong third quarter results with net income of $1.8 billion and EBITDA of $2.7 billion, driven by robust demand and tight market conditions. The company accelerated its climate goals, reduced debt, and returned capital to shareholders.

  • Robust demand and tight market conditions supported strong margins
  • Accelerated climate goals: 30% CO2 reduction by 2030 and net zero by 2050 (scope 1 and 2)
  • Record cash from operating activities: $2.1 billion
  • Paid dividends and repurchased approximately 1 million shares totaling $0.5 billion in returns for shareholders

Headline financials

Total Revenue

$12.7B

Previous: $6.78B+87.4%
EPS (adj)

$5.25

Previous: $1.27+313.4%
EBITDA

$2.7B

Previous: $466M+479.4%
Capital Expenditures

-$514M

Previous: -$1.67B+69.3%
Free Cash Flow

$1.25B

Previous: -$1.56B+180.1%
Net Income

$1.76B

Previous: $114M+1445.6%
Operating Income

$2.25B

Previous: $23M+9673.9%
Gross Profit

$2.59B

Previous: $891M+190.8%
Cash & Equivalents

$1.89B

Previous: $2.46B-23.0%
Total Assets

$38.7B

Previous: $31.9B+21.0%
Stock-Based Comp

$15M

Previous: $14M+7.1%

Revenue & EPS history

LyondellBasell · Revenue · Quarterly

$12.7B

Q3 2021+87.4%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

LyondellBasell expects strong demand for its products to continue as the rollout of vaccines drives further improvement in economic activity around the world. While margins are likely to moderate due to increasing feedstock prices, energy costs and winter seasonality, the company anticipates ongoing benefits from strong markets and tight industry supply.

Tailwinds

  • Strong demand for LyondellBasell's products to continue as the roll out of vaccines drives further improvement in economic activity around the world.
  • Unmet consumer demand will extend strength in automotive, construction and other durable goods markets.
  • Ongoing benefits from strong markets
  • Tight industry supply
  • Cash generation will continue to provide flexibility for opportunistic share repurchases.

Headwinds

  • Margins are likely to moderate due to increasing feedstock prices
  • Margins are likely to moderate due to energy costs
  • Margins are likely to moderate due to winter seasonality
  • Global challenges of climate change
  • Reduce CO2 emissions and achieve carbon neutrality for our company by the middle of the century.

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 Q3 2021

Historical avgQ3 2021

-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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