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15:00
Jul 31 ◎

LYB FY2026 Q2 Watch

LyondellBasell Industries (LYB) FY2026 Q2 Earnings Call

LYB ▾

Peter Vanacker

The tone is strongly positive, with management highlighting exceptional EBITDA margins and resilient demand, aiming to maintain elevated pricing and margins through continued supply disruptions.

"We do not see broad demand destruction across key end markets, with packaging remaining stable and continuing to represent the majority of our polyethylene demands."

LYB WATCH

HIGH

15:00
May 01 ◎

LYB FY2026 Q1 Watch

LyondellBasell Industries (LYB) FY2026 Q1 Earnings Call

LYB ▾

Peter Banneker

Management acknowledges a prolonged downcycle but emphasizes overdelivery on cash improvement, cost discipline, and a concrete plan to weather it. Guidance is 'neutral' — cautious but resilient, highlighting capacity rationalization as a path to recovery.

"2025 was another exceptionally challenging year, with industry margins remaining deeply depressed across all of our core businesses."

LYB WATCH

HIGH

16:00
Jan 30 ◎

LYB FY2025 Q4 Watch

LyondellBasell Industries (LYB) FY2025 Q4 Earnings Call

TM NSANY STLA DOW LYB ▾

Torkel Brenman

Recognition as a supplier excellence award from Toyota signals LYB's strong relationship and quality performance, potentially insulate volumes with this key customer.

"And having been recognized with supplier excellence awards by customers like Toyota, Nissan, and Stellantis, amongst others"

TM WATCH

Torkel Brenman

Recognition as a supplier excellence award from Nissan signals LYB's strong relationship and quality performance, potentially insulate volumes with this key customer.

"And having been recognized with supplier excellence awards by customers like Toyota, Nissan, and Stellantis, amongst others"

NSANY WATCH

Torkel Brenman

Recognition as a supplier excellence award from Stellantis signals LYB's strong relationship and quality performance, potentially insulate volumes with this key customer.

"And having been recognized with supplier excellence awards by customers like Toyota, Nissan, and Stellantis, amongst others"

STLA WATCH

Peter Vaneker

Capacity rationalization in global ethylene is accelerating, with ~30% of announced closures coming in the last 12 months and a 'domino effect' expected to lead to more. — Indicates that the supply/demand imbalance may be resolving faster than expected, potentially benefitting all ethylene producers by flattening the global cost curve for LYB's cost-advantaged assets.

"About 30% of all global closures have been announced in just the past 12 months, underscoring the speed and magnitude of this shift."

DOW WATCH

Peter Vaneker

Management's tone is cautious and neutral. While they highlight encouraging demand inflections and capacity rationalization, they explicitly temper expectations for near-term financial results, pointing to continued market headwinds and operating rate cuts in Q4.

"Let me be clear, these are not yet green shoots for our financial results. Markets will need to absorb new capacity, and operating rates will need further improvement before suppliers develop meaningful pricing power."

LYB WATCH

Peter Vaneker

South Korea is targeting closures of up to 25% of its ethylene capacity, a significant step in regional rationalization. — This is a major supply-side cut from a key exporter, which will materially tighten global polyolefin supply, especially for Asian markets, and improve pricing power for LYB and other producers.

"South Korea is targeting closures of up to 25%. while Japan recently announced closures of 1.5 million tons."

034220.KS WATCH

Aaron Lede

US Gulf Coast MTBE capacity is 20% offline, which is supporting strong octane premiums into Q4. — The offline capacity is a key reason for the strength in oxyfuel margins and octane crack spreads, but its expected return could pressure those margins in the latter half of Q4 and beyond.

"I just want to remind everyone that 20% of U.S. Gulf Coast capacity remains offline and should be back in operation maybe second half of November."

VLO WATCH

HIGH

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