LyondellBasell Industries reported a net loss of $890 million in the third quarter of 2025, with diluted earnings per share at $(2.77). Excluding identified items, net income was $330 million, and diluted earnings per share were $1.01. EBITDA for the quarter was $(480) million, but $835 million excluding identified items.

The company saw operational improvements in various segments, with the Olefins and Polyolefins Americas segment benefiting from increased margins. Cash from operating activities totaled $983 million, with a cash conversion rate of 135%. LyondellBasell returned $443 million to shareholders during the quarter through dividends.

LyondellBasell continues to focus on its Cash Improvement Plan, aiming to achieve a target of $600 million for 2025 and a minimum of $1.1 billion by the end of 2026. The company is prioritizing its investment-grade balance sheet while navigating a challenging market environment and maintaining safe and reliable operations.

In the fourth quarter, the company expects lower operating rates due to year-end seasonality. Despite challenges, global capacity rationalizations and anti-involution measures in China are providing a more favorable mid-term outlook for the industry. LyondellBasell will idle assets in Germany and Texas to align production with demand and reduce working capital. The company anticipates operating rates of 80% for North American assets and 60% for European assets in the fourth quarter.

Read more at GlobeNewswire: LyondellBasell reports third quarter 2025 earnings