LyondellBasell Q3 Results Miss Estimates, Signals Softer Demand And Rising Costs For Q4

LyondellBasell Industries N.V. (NYSE:LYB) shares are trading lower after the company reported worse-than-expected third-quarter results.

LYB reported revenues of $10.332 billion, down 2.8% year over year and missing the consensus of $10.601 billion.

Adjusted EBITDA stood at $1.21 billion (-14.1% Y/Y), and the margin contracted by 154 bps to 11.7%. Adjusted EPS stood at $1.88, below the consensus of $1.98.

North American polyethylene margins rose due to lower ethane and gas costs, with demand ...