LyondellBasell stock edges down on missing Q3 estimates amid weaker demand

LyondellBasell Industries reported weaker-than-expected third quarter results on Friday, missing analyst estimates for adjusted earnings per share and revenue. The company's shares fell 0.55% in pre-market trading. Adjusted earnings per share came in at $2.54, falling short of the $2.57 consensus estimate. Revenue totaled $8.5 billion, below the $8.86 billion forecast.

Despite a 10% year-over-year increase in revenue from $7.7 billion in the previous quarter, the results disappointed market expectations. CEO Peter Vanacker highlighted the company's disciplined execution and strong cash conversion in a fluctuating macroeconomic environment. Profitability in the Olefins and Polyolefins Americas segment declined due to lower polymer and olefin prices, while the Intermediates and Derivatives segment showed improved profitability.

LyondellBasell generated $1.7 billion in cash from operations and allocated $303 million to capital expenditures, returning $224 million to shareholders through dividends. For the fourth quarter, the company expects normal seasonal demand patterns and ongoing supply uncertainty, with anticipated operating rates across its North American, European, and I&D assets.