Key Points Q3'25 EBITDA and EPS beat Near-term outlook commentary was mixed We rate LYB shares Neutral with a 12-month target price of USD56 per share Summary LyondellBasell announced Q3’25 results this morning: Recurring EBITDA...
Key Points U.S. natural gas and NGL oversupply should persist limiting ethane price upside despite higher ethane exports Normalization of frac spread would erode ethylene margins by 2.5c/lb., at most We rate our...
Key Points Announced/speculated capacity rationalization in China and South Korea and cancellation of “at risk” projects key to inducing cycle tightness If all announced and speculated capacity shutdowns were to happen and...
Key Points Q2'25 EBITDA and EPS miss Near-term outlook commentary was mixed We rate LYB shares Neutral with a 12-month target price of USD67 per share Summary LyondellBasell announced Q2’25 results this morning: Recurring EBITDA...
Key Points U.S. natural gas and NGL oversupply should persist limiting ethane price upside despite higher ethane exports Normalization of frac spread would erode ethylene margins by 2.2c/lb., at most We rate our...
Key Points Q1'25 EBITDA and EPS miss Near-term outlook commentary was mixed We rate LYB shares Neutral with a revised down 12-month target price of USD67 per share Summary LyondellBasell announced Q1’25 results this morning:...
Key Points U.S. natural gas and NGL oversupply will persist, limiting ethane price upside Normalization of frac spread would erode ethylene margins by 3.6c/lb., at most We rate our U.S. ethane-exposed names DOW...