Lyondellbasell Industries NV | 8-K: FY2025 Q1 Revenue Beats Estimate at USD 7.677 B

LB filings
2025.04.25 10:38
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Revenue: As of FY2025 Q1, the actual value is USD 7.677 B, beating the estimate of USD 7.413 B.

EPS: As of FY2025 Q1, the actual value is USD 0.54, beating the estimate of USD 0.3766.

Net Income

  • Net income for the first quarter of 2025 was $177 million, compared to a loss of $603 million in the previous quarter and a net income of $473 million in the first quarter of 2024.

EBITDA

  • EBITDA for the first quarter of 2025 was $655 million, compared to -$399 million in the previous quarter and $1,046 million in the first quarter of 2024.

Cash Flow

  • Cash used by operating activities was $579 million in the first quarter of 2025.

Dividends and Share Repurchases

  • The company returned $543 million to shareholders through dividends and share repurchases during the first quarter of 2025.

Strategy Highlights

  • LyondellBasell announced a $500 million Cash Improvement Plan aimed at strengthening financial results.

Olefins & Polyolefins-Americas (O&P-Americas)

  • Operating Income: $85 million for the three months ended March 31, 2025, compared to $334 million for the three months ended December 31, 2024, and $356 million for the three months ended March 31, 2024.
  • EBITDA: $251 million for the three months ended March 31, 2025, compared to $496 million for the three months ended December 31, 2024, and $521 million for the three months ended March 31, 2024.

Olefins & Polyolefins-Europe, Asia, International (O&P-EAI)

  • Operating Loss: -$23 million for the three months ended March 31, 2025, compared to -$1,066 million for the three months ended December 31, 2024, and -$11 million for the three months ended March 31, 2024.
  • EBITDA: $17 million for the three months ended March 31, 2025, compared to -$1,156 million for the three months ended December 31, 2024, and $14 million for the three months ended March 31, 2024.

Intermediates & Derivatives (I&D)

  • Operating Loss: -$9 million for the three months ended March 31, 2025, compared to $137 million for the three months ended December 31, 2024, and $212 million for the three months ended March 31, 2024.
  • EBITDA: $94 million for the three months ended March 31, 2025, compared to $241 million for the three months ended December 31, 2024, and $312 million for the three months ended March 31, 2024.

Advanced Polymer Solutions (APS)

  • Operating Income: $17 million for the three months ended March 31, 2025, compared to -$71 million for the three months ended December 31, 2024, and $13 million for the three months ended March 31, 2024.
  • EBITDA: $46 million for the three months ended March 31, 2025, compared to -$40 million for the three months ended December 31, 2024, and $35 million for the three months ended March 31, 2024.

Technology

  • Operating Income: $42 million for the three months ended March 31, 2025, compared to $98 million for the three months ended December 31, 2024, and $109 million for the three months ended March 31, 2024.
  • EBITDA: $52 million for the three months ended March 31, 2025, compared to $108 million for the three months ended December 31, 2024, and $118 million for the three months ended March 31, 2024.

Capital Spending and Cash Balances

  • Capital Expenditures: $483 million during the first quarter 2025.
  • Cash and Liquid Investment Balances: $1.9 billion at the end of the quarter.
  • Dividends Paid: $433 million during the first quarter 2025.
  • Shares Repurchased: Approximately 1.5 million shares during the first quarter 2025.

Outlook / Guidance

  • The company expects seasonal demand improvements across most businesses in the second quarter. U.S. natural gas and ethane feedstock costs have moderated, and operations in Europe and Asia are benefiting from lower crude oil costs. Oxyfuels margins are anticipated to improve with higher gasoline crack spreads during the summer driving season.
  • The company plans to permanently close its Dutch PO joint venture asset, resulting in recognition of shutdown costs. Additionally, business operations at the Houston refinery have ceased, and the refining business is reported as a discontinued operation.
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