Overview

* LyondellBasell Q3 revenue beats analyst expectations, adjusted EPS also exceeds estimates

* Company reports Q3 net loss of $890 mln, impacted by $1.2 bln asset write-downs

* European asset sale progresses with regulatory approvals and purchase agreement

Outlook

* Company expects lower operating rates and higher costs to pressure margins in Q4

* LyondellBasell plans asset downtime to align production with demand

* Company sees persistent weak demand in Europe impacting results

Result Drivers

* OLEFINS MARGINS - Improved profitability in Olefins and Polyolefins Americas segment due to increased olefins margins and higher sales volumes

* OPERATIONAL IMPROVEMENTS - Channelview PO/TBA and Hyperzone PE facilities exceeded nameplate operating rates, driving performance

* CASH IMPROVEMENT PLAN - On track to deliver $600 mln target for 2025 by reducing fixed costs and optimizing capital investment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $7.73 $7.40

REVENUE bln bln (14

Analysts

)

Q3 Beat $1.01 $0.80

ADJUSTED (17

EPS Analysts

)

Q3 EPS -$2.77

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 12 "hold" and 4 "sell" or "strong sell"

* The average consensus recommendation for the commodity chemicals peer group is "buy."

* Wall Street's median 12-month price target for LyondellBasell Industries NV ( LYB ) is $54.50, about 17.1% above its October 30 closing price of $45.20

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)