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LyondellBasell(LYB) - 2025 Q1 - Quarterly Results
2025-04-25 10:35
Financial Performance - Net income for Q1 2025 was $177 million, compared to a net loss of $603 million in Q4 2024 and a net income of $473 million in Q1 2024[2] - Diluted earnings per share for Q1 2025 were $0.54, up from a loss of $1.87 in the previous quarter and down from $1.44 in the same quarter last year[2] - EBITDA for Q1 2025 was $655 million, compared to a negative EBITDA of $399 million in Q4 2024 and $1,046 million in Q1 2024[2] - Net income excluding identified items for Q1 2025 was $110 million, down from $255 million in Q4 2024[27] - The provision for income taxes related to identified items was $12 million in Q1 2025, compared to a benefit of $266 million in Q4 2024[27] Shareholder Returns - The company returned $543 million to shareholders through dividends and share repurchases during the quarter[4] - Dividends paid for common stock in Q1 2025 amounted to $433 million, with an additional $110 million spent on share repurchases[32] Operational Highlights - U.S. polypropylene volumes increased by 12% compared to the prior quarter, with operating rates rising by 20 percentage points to 85% of nameplate capacity[7] - Cash used by operating activities in Q1 2025 was $579 million, with $483 million invested in capital expenditures[9] - The company held $1.9 billion in cash and cash equivalents at the end of Q1 2025, maintaining $6.5 billion in available liquidity[9] - Total liquidity as of March 31, 2025, was $6.52 billion, comprising $1.87 billion in cash and cash equivalents and $3.75 billion available under the Senior Revolving Credit Facility[31] Strategic Actions - LyondellBasell announced a $500 million Cash Improvement Plan aimed at strengthening financial results amid ongoing macroeconomic volatility[10] - The closure of the Dutch PO joint venture and ceasing refinery operations were part of the strategic actions taken to optimize the portfolio[4] - The company ceased operations at its Houston refinery, reporting the results as discontinued operations[29] - The company reported exit costs of $117 million related to the shutdown of the Dutch PO joint venture in Q1 2025[29] Asset Management - Asset write-downs in Q4 2024 totaled $1,065 million, including a non-cash impairment charge of $837 million for European assets[28]
LyondellBasell reports first quarter 2025 earnings
Newsfilter· 2025-04-25 10:30
Core Insights - LyondellBasell Industries reported a net income of $177 million for Q1 2025, a significant recovery from a net loss of $603 million in Q4 2024, and a decrease from $473 million in Q1 2024 [1][4] - The company’s diluted earnings per share (EPS) was $0.54, compared to a loss of $1.87 in the previous quarter and $1.44 in the same quarter last year [1][4] - EBITDA for Q1 2025 was $655 million, recovering from a negative EBITDA of $399 million in Q4 2024, but down from $1,046 million in Q1 2024 [1][4] Financial Performance - Sales and other operating revenues for Q1 2025 were $7,677 million, down from $7,808 million in Q4 2024 and $8,304 million in Q1 2024 [1] - Net income excluding identified items was $110 million, down from $255 million in Q4 2024 and $433 million in Q1 2024 [2] - Cash used by operating activities was $579 million, with $543 million returned to shareholders through dividends and share repurchases [4][8] Strategic Actions - The company is focusing on a three-pillar strategy, including strengthening its U.S. Gulf Coast position and optimizing its global footprint with cost-advantaged feedstocks [4][9] - A $500 million Cash Improvement Plan has been announced to enhance financial results [4][9] - The company has ceased operations at its Houston refinery and announced the closure of a Dutch PO joint venture, resulting in exit costs of $117 million [4][26] Market Conditions - In North America, integrated polyethylene profitability faced challenges due to lower volumes and margins, while U.S. polypropylene volumes increased by 12% compared to the prior quarter [6] - European operations benefited from improved ethylene cracker utilization and seasonal demand, leading to better profitability in integrated polyethylene [6] - Margins in the acetyls and oxyfuels value chains declined due to higher natural gas prices impacting costs [7] Outlook - The company anticipates seasonal demand improvements across most businesses in Q2 2025, with moderated U.S. natural gas and ethane feedstock costs [10] - Oxyfuels margins are expected to improve with higher gasoline crack spreads during the summer driving season [10] - The company plans to maintain operating rates of 85% for North American olefins and polyolefins assets in Q2 2025 [11]
LyondellBasell: Dividend Cut Seems Increasingly Likely
Seeking Alpha· 2025-04-24 19:32
Core Viewpoint - LyondellBasell Industries is recognized as one of the largest specialty chemical companies globally and is currently favored as a high-yield dividend stock with a notable dividend yield of 9.3% [1]. Company Overview - LyondellBasell Industries operates in the specialty chemicals sector and is listed on the NYSE under the ticker LYB [1]. Investment Appeal - The company is highlighted for its attractive dividend yield, making it a popular choice among investors seeking high-yield dividend stocks [1].
LyondellBasell to Report Q1 Earnings: What's in the Offing?
ZACKS· 2025-04-23 12:55
LyondellBasell Industries N.V. (LYB) is scheduled to report first-quarter 2025 earnings on April 25, before the opening bell.The company surpassed the Zacks Consensus Estimate in two of the last four quarters, missed once and reported in-line results on the other occasion, with the average earnings surprise being 0.2%.LYB stock has lost 42.3% in the past year compared with the Zacks Chemicals Diversified industry’s 26.3% decline.Image Source: Zacks Investment ResearchLet’s see how things are shaping up for ...
Ahead of LyondellBasell (LYB) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
ZACKS· 2025-04-22 14:20
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock. While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, explo ...
Our Top 10 High Growth Dividend Stocks - April 2025
Seeking Alpha· 2025-04-19 12:01
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LyondellBasell advances sustainability leadership in 2024 Sustainability Report: From Vision to Value
Newsfilter· 2025-04-15 12:00
HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) -- LyondellBasell (NYSE:LYB), a global leader in the chemical industry, today released its 2024 Sustainability Report, demonstrating significant progress in circular and low-carbon solutions, climate action and operational excellence. "At LYB, sustainability is an opportunity to reimagine the future and create long-term value," said Peter Vanacker, CEO of LyondellBasell. "Our 2024 report, ‘From Vision to Value,' highlights how we are rethinking the status quo and acc ...
利安德巴赛尔 2024 年可持续发展报告彰显可持续发展领导力:从愿景到价值
Globenewswire· 2025-04-15 12:00
休斯顿, April 15, 2025 (GLOBE NEWSWIRE) -- 全球化⼯⾏业的头部企业利安德巴赛尔 (NYSE: LYB) 今天发布了 2024 年可持续发展报告:从愿景到价值 (2024 Sustainability Report: From Vision to Value) , 展示其在循环和低碳解决⽅案、⽓候⾏动和卓越运营⽅⾯取得的重⼤进展。 利安德巴赛尔⾸席执⾏官 Peter Vanacker 表示:"在 LYB,可持续发展是重新构想未来和创造⻓期价值 的机会。2024 年度报告《从愿景到价值》重点介绍了我们如何重新思考现状,并通过投资创新技术、 加强合作,以及将可持续发展融⼊核⼼战略,加速迈向循环和低碳未来。" 2024 年可持续发展亮点: 可持续交通和食品安全到清洁水和优质医疗。如需了解更多信息,请访问 www.lyondellbasell.com 或在 LinkedIn 上 关注 @LyondellBasell。 媒体垂询请联系: Nick Facchin 价值提升计划 (Value Enhancement Program,VEP) 取得成功:以员⼯为主导的 VEP 计划累计带来 ...
LYB Dalian APS Plant to Run Fully on 100% Renewable Electricity
ZACKS· 2025-04-14 16:50
Group 1 - LyondellBasell Industries N.V. (LYB) has secured a one-year agreement to power its Dalian, China manufacturing facility entirely with 100% renewable electricity starting in 2025, marking it as the first LYB Advanced Polymer Solutions (APS) plant in Asia to operate on renewable energy [1] - The transition to renewable energy at the Dalian site is expected to reduce carbon emissions by nearly 5,000 tons of CO2 in 2025, equivalent to removing approximately 1,000 passenger cars from the road for a year [2] - The power mix for the Dalian facility will primarily consist of wind and solar photovoltaics, supporting the Chinese automotive industry's efforts to lower product carbon footprint (PCF) [3] Group 2 - LYB's stock has experienced a decline of 43.4% over the past year, compared to a 26.8% decline in the industry [3] - LYB currently holds a Zacks Rank of 5 (Strong Sell), while other stocks in the Basic Materials space, such as DRDGOLD Limited, Idaho Strategic Resources, and Carpenter Technology Corporation, have better rankings [4] - The Zacks Consensus Estimate for DRD's current-year earnings indicates a 29.3% year-over-year rise, while IDR's earnings are expected to rise by 16.4% from year-ago levels [5]
The More You Sell, The More I Buy: LyondellBasell
Seeking Alpha· 2025-04-12 14:30
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