LyondellBasell Industries (NYSE: LYB), a leading chemical company that produces polymers, has reported operating results for the third quarter of fiscal 2025.
- On a reported basis, the company posted a net loss of $890 million or $2.77 per share for Q3, vs. earnings of $573 million or $1.75 per share in the prior-year quarter.
- On an adjusted basis, it was a profit of $330 million or $1.01 per share in the September quarter, compared to $626 million or $1.91 per share last year
- EBITDA was a loss of $480 million in the third quarter, vs. a positive EBITDA of $1.17 billion in the year-ago quarter
- Q3 sales and operating revenues decreased to $7.73 billion from $8.6 billion in Q3 2024
- The company reported cash from operating activities of $983 million for the quarter; it returned $443 million to shareholders through dividends
- The management expects year-end seasonality and lower operating rates to impact Q4 results across most businesses