LyondellBasell (LYB) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - LyondellBasell reported $10.56 billion in revenue for Q2 2024, a year-over-year increase of 2.5%, with an EPS of $2.24 compared to $2.44 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $10.67 billion by -1.07%, while the EPS exceeded the consensus estimate of $2.23 by +0.45% [1] Revenue Performance by Segment - Advanced Polymer Solutions: Revenue of $948 million, below the average estimate of $990.11 million, representing a year-over-year decline of -1.3% [3] - Olefins and Polyolefins - Americas: Revenue of $2.93 billion, exceeding the average estimate of $2.88 billion, with a year-over-year increase of +7.3% [4] - Olefins and Polyolefins - Europe, Asia, International: Revenue of $2.84 billion, surpassing the average estimate of $2.68 billion, reflecting a year-over-year growth of +4.1% [5] - Other/Eliminations: Revenue of -$1.46 billion, worse than the average estimate of -$1.34 billion, but showing a year-over-year improvement of +5.2% [6] - Refining: Revenue of $2.35 billion, above the average estimate of $2.13 billion, but a year-over-year decline of -4.6% [7] - Technology: Revenue of $159 million, slightly above the average estimate of $155.19 million, with a year-over-year increase of +3.3% [8] - Intermediates & Derivatives: Revenue of $2.80 billion, slightly below the average estimate of $2.81 billion, with a year-over-year increase of +5% [9] EBITDA Performance by Segment - Olefins & Polyolefins - Americas: EBITDA of $670 million, exceeding the average estimate of $650.05 million [9] - Olefins & Polyolefins - Europe, Asia, International: EBITDA of $70 million, above the average estimate of $57.82 million [9] - Intermediates & Derivatives: EBITDA of $794 million, significantly higher than the average estimate of $495.10 million [10] - Advanced Polymer Solutions: EBITDA of $40 million, slightly above the average estimate of $37.82 million [11] - Technology: EBITDA of $84 million, exceeding the average estimate of $80.31 million [12] Stock Performance - LyondellBasell shares have returned +3.1% over the past month, outperforming the Zacks S&P 500 composite, which changed by -0.4% [12]