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- Asset Impairment (new) — The company recognized a $74 million impairment charge on a plastic waste sorting facility in Houston during Q2 2026.
- Loss On Sale of Business (new) — The company recorded a $734 million loss on the disposition of select European olefins and polyolefins assets completed in May 2026.
LyondellBasell reports Q2 net income of $559M on margin expansion from supply disruptions
Filed July 31, 2026 · Period ending July 31, 2026 · ~2 min read
Key Changes
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Q2 2026 net income of $559M ($1.71/share) on revenue of $9.2B; excluding $842M in charges (primarily European asset sale loss and impairment), net income was $1.4B ($4.30/share). EBITDA rose to $1.3B from $568M in Q1 on stronger margins from Middle East conflict-driven supply constraints.
Item 2.02 verify on EDGAR → -
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Completed divestiture of four European olefins and polyolefins assets in May 2026, recognizing a $734M pre-tax loss. Transaction included a $310M cash contribution from LyondellBasell at closing. Management says the sale strengthens the portfolio by improving cost position and increasing advantaged-feedstock exposure.
Item 2.02 verify on EDGAR → -
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Recognized $74M impairment charge on a plastic waste sorting facility in Houston, Texas, within the Olefins & Polyolefins – Americas segment during Q2 2026.
Item 2.02 verify on EDGAR → -
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On target to deliver $500M incremental cash through Cash Improvement Plan by year-end 2026, driven by fixed-cost reductions and lower capital expenditures. Q2 operating cash flow was $752M; ended quarter with $2.6B cash and $7.1B total liquidity.
Item 2.02 verify on EDGAR → -
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Q3 2026 operating rate guidance: 85% for North American O&P assets, 70% for European O&P assets, and 85% for Intermediates & Derivatives assets. Planned Clinton facility downtime will impact polyolefins volumes in H2; Bayport PO/TBA restart should provide volume uplift.
Item 2.02 verify on EDGAR →
Summary
LyondellBasell reported second-quarter 2026 results that showed substantial margin expansion driven by supply disruptions from the Middle East conflict, though headline earnings were reduced by two significant charges. Net income of $559 million ($1.71 per share) included an $842 million after-tax hit from the European asset divestiture loss and a Houston facility impairment.
Excluding those items, net income was $1.4 billion ($4.30 per share), with EBITDA more than doubling to $1.3 billion from $568 million in the prior quarter as polymer prices rose on tight global supply. The European asset sale, completed in May 2026, resulted in a $734 million pre-tax loss and required a $310 million cash contribution from LyondellBasell at closing.
Management characterized the transaction as a portfolio strengthening move that improves the company's cost position and increases exposure to advantaged feedstocks. Separately, the company took a $74 million impairment on a plastic waste sorting facility in Houston. Both charges raise questions about prior asset valuations and the economics of the divested European operations. The company confirmed it remains on track to deliver $500 million in incremental cash through its Cash Improvement Plan by year-end 2026, driven by fixed-cost reductions and lower capital spending. LyondellBasell generated $752 million in operating cash flow during the quarter and ended with $2.6 billion in cash and $7.1 billion in total liquidity. For the third quarter, the company guided to 85% operating rates in North America, 70% in Europe, and 85% for Intermediates & Derivatives, with planned maintenance at Clinton offsetting volume gains from the Bayport restart.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
LyondellBasell announced Q2 2026 earnings results and provided supplemental segment discussion.
Added in current filing · verify on EDGAR →
On July 31, 2026, LyondellBasell Industries N.V. announced earnings results for the quarter ended June 30, 2026 and provided a supplemental discussion of segment results.
LyondellBasell disclosed its financial results for the second quarter ended June 30, 2026. The company released both an earnings announcement and a supplemental segment results discussion. The 8-K itself does not contain the actual financial figures; those are in the attached exhibits which were not provided in this filing body.
Event · Exhibit 99.1
Added in current filing · view on EDGAR → · paraphrased
Net income 559 125 115 684 292 Diluted earnings per share 1.71 0.38 0.34 2.10 0.88 EBITDA 1,252 568 606 1,820 1,261 Net income excluding identified items $1,401 $163 $202 $1,564 $312 Diluted earnings per share excluding identified items 4.30 0.49 0.62 4.80 0.95
LyondellBasell reported Q2 2026 net income of $559 million, or $1.71 per diluted share, on revenues of $9.2 billion. Excluding identified items totaling $842 million after-tax (primarily the European asset divestiture loss and an impairment charge), net income was $1.4 billion, or $4.30 per share. EBITDA was $1.3 billion, or $2.1 billion excluding identified items. Results improved substantially from Q1 2026 due to expanding polymer margins and favorable market conditions from global supply disruptions.
Added in current filing · view on EDGAR → · paraphrased
The company is on target to deliver $500 million incremental cash through its Cash Improvement Plan by the end of 2026, driven primarily by fixed-cost reductions and lower capital expenditures. ... Continued to deliver meaningful fixed-cost reductions and lower capital expenditures through the Cash Improvement Plan
LyondellBasell confirmed it is on target to deliver $500 million in incremental cash through its Cash Improvement Plan by year-end 2026, driven primarily by fixed-cost reductions and lower capital expenditures. The plan, announced in April 2025, is part of the company's effort to strengthen its balance sheet and improve cash generation.
Added in current filing · view on EDGAR →
LYB generated $752 million in cash from operating activities during the second quarter. ... Capital allocation was balanced between capital expenditures of $270 million and $224 million of shareholder returns through dividends. At the end of the quarter, LYB held $2.6 billion in cash and cash equivalents and $7.1 billion in available liquidity.
The company generated $752 million in operating cash flow during Q2 2026, with working capital being a use of cash due to higher prices and increased operating rates. Capital expenditures were $270 million and dividends totaled $224 million. LyondellBasell ended the quarter with $2.6 billion in cash and cash equivalents and $7.1 billion in total liquidity.
Event · Exhibit 99.2
Added in current filing · view on EDGAR →
EBITDA $ 1,252 $ 568 $ 606 $ 1,820 $ 1,261
LyondellBasell reported Q2 2026 EBITDA of $1,252 million, up from $568 million in Q1 2026 and $606 million in Q2 2025. The increase was driven by stronger margins across all businesses as prices increased due to industry supply constraints resulting from the conflict in the Middle East. For the six months ended June 30, 2026, EBITDA was $1,820 million versus $1,261 million in the prior year period.
Added in current filing · view on EDGAR →
EBITDA decreased by $397 million, or increased by $337 million excluding identified items, which includes $734 million related to the loss on the disposition of select European olefins and polyolefins assets and the associated businesses.
The O&P-EAI segment recognized a $734 million loss on the sale of select European olefins and polyolefins assets and associated businesses. This transaction was completed in May 2026 following an announcement in June 2025. Excluding this loss and other identified items, the segment's EBITDA improved by $337 million quarter-over-quarter.
Added in current filing · view on EDGAR →
EBITDA increased by $856 million, or $940 million excluding identified items, versus the first quarter of 2026. The increase was driven by stronger margins across all businesses as prices increased due to industry supply constraints as a result of the conflict in the Middle East.
The O&P-Americas segment delivered EBITDA of $1,183 million in Q2 2026, up $856 million from Q1 2026. Excluding identified items, EBITDA increased $940 million. Olefins results improved approximately $520 million and combined polyolefins results increased approximately $415 million, both driven by stronger margins from higher prices due to Middle East conflict-related supply constraints.
Added in current filing · view on EDGAR →
At the end of the quarter, cash and liquid investment balances were $2.6 billion, which includes cash and cash equivalents, restricted cash and short-term investments. ... The company paid dividends of $224 million and did not repurchase shares during the second quarter 2026.
LyondellBasell ended Q2 2026 with $2.6 billion in cash and liquid investments. The company paid $224 million in dividends but did not repurchase any shares during the quarter. Capital expenditures were $270 million. There were 323 million common shares outstanding as of June 30, 2026.
Added in current filing · view on EDGAR →
EBITDA increased by $153 million, or $162 million excluding identified items, versus the first quarter of 2026. Intermediate chemicals and oxyfuels and related products results drove an increase of approximately $105 million and $65 million respectively, driven by higher margins from improved prices as a result of tight market supply.
The Intermediates & Derivatives segment reported Q2 2026 EBITDA of $377 million, up $153 million from Q1 2026. Intermediate chemicals contributed approximately $105 million of the increase and oxyfuels and related products contributed approximately $65 million, both driven by higher margins from improved prices due to tight market supply.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 3, 2026 · How we verify