LyondellBasell Reports Q3 Non-GAAP EPS and Revenue Misses
LyondellBasell (LYB) reported third-quarter financial results that fell short of market expectations. The company posted a Non-GAAP earnings per share (EPS) of $2.54, missing estimates by $0.01, while revenue reached $8.5 billion, falling $390 million below anticipated levels despite representing a 10% increase year-over-year. On the cash flow front, the company reported an EBITDA of $1.4 billion, or $1.5 billion when excluding identified items. LyondellBasell also strengthened its liquidity position, increasing cash by approximately $600 million during the quarter, which included a planned €500 million debt issuance.
Tickers: $LYB
Topics: cash flow debt issuance earnings miss EBITDA revenue growth