LyondellBasell Industries (LYB) Misses Q2 EPS by 2c, provides outlook

LyondellBasell Industries (NYSE: LYB) reported Q2 EPS of $2.24, $0.02 worse than the analyst estimate of $2.26. Revenue for the quarter came in at $10.56 billion versus the consensus estimate of $10.44 billion.

OUTLOOK
In the third quarter, the company expects margins to continue to benefit from low costs for natural gas and natural gas liquids utilized in LYB\'s North American and Middle East production relative to higher oil-based costs in most other regions. With the summer driving season underway, oxyfuels margins are expected to remain above historical levels with high octane premiums. During the third quarter, LYB expects to operate its assets in line with market demand with average operating rates of 85% for North American olefins and polyolefins (O&P) assets, 80% for European O&P assets and 75% for Intermediates & Derivatives assets.

For earnings history and earnings-related data on LyondellBasell Industries (LYB) click here.

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