EarningsQ2 2026 Earnings Report
DE:DLY Q2 2026 EPS Results
Actual EPS€3.75
Consensus EPS€2.99
Beat/MissBeat by +€0.75
One Year Ago EPS€0.54
DE:DLY Q2 2026 Revenue Results
Actual Revenue€7.99B
Expected Revenue€8.02B
Beat/MissMissed by -€28.19M
YoY Revenue Growth+19.80%
Earnings Announcement Details
QuarterQ2 2026
Date07/31/2026
TimeBefore Open
Conference CallFriday, July 31, 2026
DE:DLY Upcoming Earnings
LyondellBasell's next earnings date is estimated for October 23, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:DLY Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
Despite significant macro and region-specific headwinds driven by the Middle East conflict, the company delivered materially stronger financial and operational results in Q2 (notably $2.1B EBITDA, $4.30 EPS, strong segment performance, robust cash and liquidity, and progress on portfolio transformation and cost actions). Management acknowledges continued volatility (supply disruption, Bayport outage, China trade shifts, planned turnarounds and regional logistics constraints) that will weigh on near-term operating rates and introduce uncertainty. On balance, the call highlighted more substantive and durable positives (margin expansion, cash generation, portfolio positioning, and cost improvements) than negatives, while recognizing that elevated volatility and some operational issues will persist into subsequent quarters.Company Guidance
Strong Quarterly Results
Reported EBITDA of $2.1 billion and earnings of $4.30 per diluted share in Q2; EBITDA more than tripled sequentially and delivered a company-wide EBITDA margin of 23%.
Olefins & Polyolefins Americas Outperformance
O&P Americas EBITDA of $1.3 billion (≈4x year-ago quarter); integrated polyethylene margins expanded after a $0.30/lb April contract price increase; domestic polyethylene sales volumes up ~3.5%, highest domestic sales quarter since Q1 2022; cracker utilization ~95% in Q2.
Solid Cash, Liquidity and Cash Conversion
Cash balance of $2.6 billion and total available liquidity of $7.1 billion at quarter end; converted EBITDA to cash at an 80% rate over the past 12 months; generated $752 million of cash from operations in Q2.
Disciplined Capital Allocation and Returns
Maintaining 2026 CapEx plan of $1.2 billion, funded $270 million of CapEx in Q2, returned $224 million to shareholders through dividends; expect sustaining CapEx to decline by ~$100 million following divestitures.
Portfolio Transformation Progress
Completed divestiture of 4 European O&P assets and announced intended closure of Brindisi by end-2026; increased exposure to advantaged feedstocks (80% of global ethylene capacity connected to cost-advantaged feedstock) to drive higher margins through the cycle.
Segment Recoveries and Wins
O&P Europe/Asia EBITDA of $331 million (a $337 million sequential increase) and strongest segment result since 2021; I&D EBITDA rose to $386 million with methanol and oxyfuels tailwinds; APS H1 2026 EBITDA up >50% vs prior year; Technology EBITDA of $74 million supported by licensing milestones and catalyst demand.
Operational and Safety Performance
Year-to-date total recordable incident rate of 0.1% (among best in sector); demonstrated high reliability (e.g., Channelview demonstrated >108% benchmark rates, tested to 112%) and targeted operating discipline under value enhancement program.
Cash Improvement & Cost Actions
On track to achieve $500 million of incremental cash flow by end-2026 via fixed cost reductions and lower CapEx; workforce reduced by ~3,400 employees (~17%) since beginning of last year to streamline operations and lower fixed costs.
DE:DLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed