LyondellBasell returned to a reported third-quarter profit as sales and other operating revenue rose to $8.499 billion from $7.727 billion a year earlier. The company announced net income of $758 million on 30 October, compared with an $890 million loss in Q3 2025.
Reported diluted EPS was $2.32. Excluding identified items, diluted EPS was $2.54 and net income was $828 million. The adjusted EPS comparison was stronger year on year but lower than the $4.30 recorded in Q2 2026.
Results and accounting basis
Q3 2026 | ended 30 September 2026. Amounts are US dollars unless stated otherwise. Primary source observed 2026-10-31T08:57:46.000Z.
| Measure or timetable | Verified figure and basis | Primary evidence |
|---|---|---|
| Q3 sales and other operating revenue | $8.499bn; Q3 2025: $7.727bn | LyondellBasell official results |
| Q3 reported net income / prior-year result | $758m profit / $890m loss | LyondellBasell official results |
| Q3 net income excluding identified items | $828m; non-GAAP | LyondellBasell official results |
| Q3 diluted EPS: reported / excluding items | $2.32 / $2.54 | LyondellBasell official results |
| Q2 2026 EPS excluding identified items | $4.30; sequential comparator | LyondellBasell official results |
| Q3 EBITDA / EBITDA excluding identified items | $1.420bn / about $1.5bn; non-GAAP measures | LyondellBasell official results |
The comparison period changes the reading
The prior-year reported loss included substantial asset write-downs described in the reconciliation. A switch from that loss to profit should not be described as an equivalent percentage increase in recurring profit. The issuer separately provides income excluding identified items for more like-for-like analysis.
The latest quarter recognized $70 million of identified items after tax, with a $0.22 per-share impact. They included costs associated with closing a European propylene-oxide joint venture. Adjusted earnings do not remove the need to read those costs and their business context.
Keep EBITDA distinct from net income
EBITDA was $1.420 billion and approximately $1.5 billion excluding identified items. EBITDA is a non-GAAP measure before specified financing, tax and depreciation-related charges; it is not additional net income or cash flow.
For a reader comparing the quarters, the useful approach is to match the same column and accounting basis first. The company reported differing sequential conditions across its operating segments, so the group result should not be used to imply that every product market improved by the same amount.
What to watch
Watch the issuer’s segment margins and cash disclosures on consistent periods. Do not equate prior-year impairments, current closure costs and recurring trading performance.
Primary source record
LyondellBasell Industries N.V. — exact document: https://www.lyondellbasell.com/en/who-we-are/updates-events/corporate--financial-news/lyondellbasell-reports-third-quarter-2026-earnings/. Observed 2026-10-31T08:57:46.000Z. The issuer’s release is primary evidence for its own results, not independent corroboration.
Additional primary record
LyondellBasell Industries N.V. — https://www.sec.gov/Archives/edgar/data/1489393/000148939326000070/lyb-20260930.htm; checked 2026-10-31T09:06:13.081Z. Separate issuer quarterly Form 10-Q filed on SEC.gov; same issuer, not independent corroboration.
Recorded source observation: . This is a source-check timestamp, not a market quote or a new article update.