LyondellBasell posts Q3 2026 earnings miss, boosts cash and agrees $320.5 M sale of former Houston refinery
LyondellBasell Industries reported third‑quarter 2026 net income of $758 million, GAAP earnings of $2.32 per share and non‑GAAP earnings of $2.54 per share, missing consensus EPS forecasts. Revenue came in at $8.5 billion, below the $8.86 billion expected. The company added roughly $600 million to its cash balance and announced a $320.5 million cash sale of its former Houston refinery site to Valero, expected to close by year‑end 2026.
Why it matters
The earnings miss may pressure the stock as analysts had expected higher EPS. The cash increase and refinery‑site sale are expected to improve LYB’s cash flow by $50 million‑$100 million annually, enhancing financial flexibility.
Key facts
- 1Net income was $758 million. tradingview.com
- 2GAAP diluted EPS was $2.32 per share. tradingview.com
- 3Non‑GAAP diluted EPS was $2.54 per share. seekingalpha.com
- 4Revenue was $8.5 billion. investing.com
- 5Cash increased by approximately $600 million during the quarter. tradingview.com
- 6The company agreed to sell the former Houston refinery site to Valero for $320.5 million cash, with closing expected by the end of 2026. finance.yahoo.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.