NYSE$LYB

LyondellBasell Industries NV · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

LyondellBasell reported earnings for Q3 2022.

LyondellBasell reported a net income of $572 million, or $1.75 per share, for the third quarter of 2022. The company's EBITDA was $1.1 billion, or $1.2 billion excluding identified items. LyondellBasell generated $1.4 billion in cash from operating activities during the quarter and returned more than $550 million to shareholders in the form of dividends and share repurchases.

  • Net Income: $572 million, $642 million excluding identified items
  • Diluted earnings per share: $1.75 per share, $1.96 per share excluding identified items
  • EBITDA: $1.1 billion, $1.2 billion excluding identified items
  • Delivered $1.4 billion in cash from operating activities

Headline financials

Total Revenue

$12.3B

Previous: $12.7B-3.5%
EPS (adj)

$1.96

Previous: $5.25-62.7%
Capital Expenditures

-$439M

Previous: -$514M+14.6%
Free Cash Flow

$133M

Previous: $1.25B-89.3%
Net Income

$572M

Previous: $1.76B-67.5%
Operating Income

$812M

Previous: $2.25B-63.9%
Gross Profit

$1.16B

Previous: $2.59B-55.2%
Cash & Equivalents

$1.48B

Previous: $1.89B-21.8%
Total Assets

$36.5B

Previous: $38.7B-5.6%
Stock-Based Comp

$17M

Previous: $15M+13.3%

Revenue & EPS history

LyondellBasell · Revenue · Quarterly

$12.3B

Q3 2022-3.5%vs Q3 2021
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Persistent inflation and high energy costs coupled with weaker seasonal demand are likely to drive further margin compression across most of the company's businesses in the fourth quarter. Challenging conditions are expected to continue in European and Asian markets.

Tailwinds

  • Demand from consumer packaging, oxyfuels and refining markets remains strong.
  • LyondellBasell's diverse business portfolio equips the company to navigate difficult environments.
  • LyondellBasell's commercial agility equips the company to navigate difficult environments.
  • LyondellBasell's robust balance sheet equips the company to navigate difficult environments.
  • LyondellBasell's strong liquidity equip the company to navigate difficult environments.

Headwinds

  • Persistent inflation is likely to drive further margin compression.
  • High energy costs are likely to drive further margin compression.
  • Weaker seasonal demand is likely to drive further margin compression.
  • Challenging conditions are expected to continue in European markets.
  • Challenging conditions are expected to continue in Asian markets.

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 2022

Historical avgQ3 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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