Earnings summaries and quarterly performance for LSB INDUSTRIES.
Executive leadership at LSB INDUSTRIES.
MB
Mark Behrman
Detailed
Chief Executive Officer
CEO
CM
Cheryl Maguire
Detailed
Executive Vice President and Chief Financial Officer
DR
Damien Renwick
Detailed
Executive Vice President and Chief Commercial Officer
KC
Kristy Carver
Detailed
Senior Vice President and Treasurer
MF
Michael Foster
Detailed
Executive Vice President, General Counsel and Secretary
SB
Scott Bemis
Detailed
Executive Vice President, Manufacturing
Board of directors at LSB INDUSTRIES.
Research analysts who have asked questions during LSB INDUSTRIES earnings calls.
AW
Andrew Wong
RBC Capital Markets
7 questions for LXU
Also covers: CCJ, CF, LGO +3 more
Robert McGuire
Granite Research
7 questions for LXU
Also covers: GOCO, UAN
LB
Lucas Beaumont
UBS Group AG
6 questions for LXU
Also covers: AXTA, CF, FUL +5 more
Kevin Estok
Jefferies
5 questions for LXU
Also covers: ASH, AVNT, CBT +8 more
CN
Charles Neivert
Piper Sandler
2 questions for LXU
Also covers: ASIX, ECL, MEOH
DB
David Begleiter
Deutsche Bank
2 questions for LXU
Also covers: ALB, APD, ASH +24 more
DR
Daniel Rizzo
Jefferies
1 question for LXU
Also covers: APD, ASH, ATR +16 more
Joshua Spector
UBS
1 question for LXU
Also covers: ALB, AMBP, APD +37 more
LA
Laurence Alexander
Jefferies
1 question for LXU
Also covers: AIQUY, ALB, APD +27 more
Peter Gastreich
Water Tower Research LLC
1 question for LXU
Also covers: ARQ, GEVO, KITT +4 more
Recent press releases and 8-K filings for LXU.
LSB Industries Reports Strong Q4 and Full-Year 2025 Results with Positive 2026 Outlook
LXU
Earnings
Guidance Update
Share Buyback
- LXU reported significant year-over-year growth in Q4 and full-year 2025 financial results, with Net Sales reaching $165 million and Adjusted EBITDA at $54 million for Q4 2025, and full-year Net Sales of $615 million and Adjusted EBITDA of $162 million. Diluted EPS for Q4 2025 was $0.22, compared to $(0.13) in Q4 2024, and $0.34 for FY 2025, up from $(0.27) in FY 2024.
- The company achieved a record low Total Recordable Incident Rate (TRIR) of 0.40 in 2025 and saw increased sales volumes for AN & Nitric Acid (650 thousand short tons) and UAN (550 thousand short tons) in 2025.
- Liquidity remains robust, with net debt/TTM Adjusted EBITDA at 1.8X as of December 31, 2025, and the company repurchased $39.9 million of debt and 0.3 million shares of LXU stock at an average cost of $9.15/share. Free Cash Flow for FY 2025 was $44 million, up from $20 million in FY 2024.
- For 2026, LXU projects Ammonia Production between 780,000-810,000 tons and Sustaining CAPEX of approximately $55 million.
- LXU has identified $70 million of annual EBITDA improvements, with $20 million already captured from production targets and initiatives underway on the remaining $50 million, including low carbon opportunities targeted for 2027.
2 days ago
LSB Industries Reports Strong Q4 and Full Year 2025 Results, Outlines 2026 Outlook and Strategic Initiatives
LXU
Earnings
Guidance Update
New Projects/Investments
- LSB Industries reported strong financial results for Q4 and full year 2025, with Adjusted EBITDA increasing 25% year-over-year to $162 million for the full year and 42% to $54 million in Q4. The company ended 2025 with approximately $150 million in cash and a net leverage of 1.8x, having repurchased $40 million in Senior Secured Notes and 300,000 shares.
- Operational improvements in 2025 led to record nitric acid and ammonium nitrate solution production and a record low safety incident rate of 0.40. Market conditions remain constructive, with UAN prices averaging $320 per ton in Q4 2025, up 39% year-over-year, and strong demand for AN.
- For 2026, planned turnarounds at El Dorado (Q2) and Pryor (Q3) are expected to result in lost production of approximately 60,000 tons of ammonia and 50,000 tons of UAN. Despite this, the company anticipates a meaningful uplift in Q1 2026 earnings compared to Q1 2025, adjusted for elevated Q1 gas costs of approximately $5.50 per MMBtu.
- Strategic initiatives target a total of $70 million in annual EBITDA uplift, with $20 million already captured, $15 million expected from the El Dorado CCS project starting early 2027, and an additional $35 million from higher production rates, efficiency gains, and cost optimization. The CCS project is on track to begin CO2 sequestration by the end of 2026 or early 2027.
2 days ago
LSB Industries Reports Strong Q4 and Full Year 2025 Financial Results
LXU
Earnings
Guidance Update
New Projects/Investments
- LSB Industries delivered significant year-over-year growth, with Adjusted EBITDA reaching $54 million in Q4 2025, a 42% increase from Q4 2024, and $162 million for the full year 2025, a 25% increase from 2024.
- The company achieved a record low safety performance in 2025, with a 12-month rolling total reportable incident rate of 0.40 incidents per 200,000 work hours, and recorded record nitric acid and ammonium nitrate solution production.
- LSB Industries maintained a strong financial position at year-end 2025, with approximately $150 million in cash and 1.8 times net leverage, while also repurchasing approximately $40 million in Senior Secured Notes and 300,000 shares of stock.
- Strategic initiatives are projected to generate an additional $50 million of annual EBITDA uplift, building on the $20 million already captured, with the Carbon Capture and Sequestration (CCS) project at El Dorado expected to contribute $15 million of annual EBITDA improvements starting early 2027.
- For 2026, the company plans approximately $75 million in CapEx and anticipates two significant turnarounds at its El Dorado (Q2) and Pryor (Q3) facilities, which are expected to impact ammonia and UAN production by 60,000 and 50,000 tons, respectively.
2 days ago
LSB Industries Reports Strong Q4 and Full-Year 2025 Results, Outlines 2026 Outlook and Strategic Initiatives
LXU
Earnings
Guidance Update
New Projects/Investments
- LSB Industries reported significant year-over-year growth in Q4 and full-year 2025, with full-year adjusted EBITDA reaching $162 million, a 25% increase from 2024, and Q4 adjusted EBITDA growing 42% to $54 million. The company ended 2025 with $150 million in cash and 1.8 times net leverage.
- The company achieved record nitric acid and ammonium nitrate solution production in 2025 due to improved operational reliability. For 2026, planned turnarounds at El Dorado (Q2) and Pryor (Q3) are expected to result in lost production of approximately 60,000 tons of ammonia and 50,000 tons of UAN.
- LSB Industries projects an additional $50 million of annual EBITDA uplift from ongoing initiatives, including $15 million from the El Dorado carbon capture and sequestration (CCS) project starting in early 2027, and $35 million from higher production rates, efficiency gains, and cost optimization. The CCS project is on track for a permit to inject CO2 by year-end 2026.
- Market conditions remain favorable, with UAN prices averaging $320 per ton in Q4 2025, a 39% increase year-over-year, supported by low domestic inventory and constrained supply. Ammonia prices are also above year-ago levels due to global supply constraints.
2 days ago
LSB Industries, Inc. Reports Q4 and Full-Year 2025 Results and Details Stockholder Rights Plan
LXU
Earnings
Share Buyback
New Projects/Investments
- LSB Industries, Inc. (LXU) has a Stockholder Rights Plan in effect until August 22, 2026, designed to protect its substantial net operating losses (NOLs) and other tax attributes by preventing an "ownership change" under Section 382 of the Internal Revenue Code. The plan is triggered if any person becomes the beneficial owner of 4.9% or more of common stock.
- For Q4 2025, the company reported Net Sales of $165 million and Adjusted EBITDA of $54 million, with Diluted EPS of $0.22. For the full year 2025, Net Sales were $615 million and Adjusted EBITDA was $162 million, with Diluted EPS of $0.34.
- The company repurchased $39.9 million of debt for $39.5 million and 0.3 million shares of LXU stock at an average cost of $9.15 per share.
- LSB Industries anticipates $70+ million of identified annual EBITDA improvements, with approximately $20 million already captured from production targets, and its Low Carbon Ammonia Project at El Dorado is on track for an end-of-year 2026 startup.
2 days ago
LSB Industries Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
LXU
Earnings
Guidance Update
New Projects/Investments
- LSB Industries reported strong financial performance for Q4 2025 with net sales of $165.0 million, net income of $16.1 million, and diluted EPS of $0.22. For the full year 2025, net sales reached $615.2 million, net income was $24.6 million, and diluted EPS was $0.34.
- Adjusted EBITDA for Q4 2025 was $54.1 million, and for the full year 2025, it was $161.5 million, reflecting significant year-over-year growth.
- The company repurchased $7.5 million in principal amount of Senior Secured Notes and approximately 0.3 million shares of common stock for about $2.8 million in Q4 2025. For the full year 2025, $39.9 million in Senior Secured Notes were repurchased.
- For 2026, LSB Industries estimates product sales volumes of 630,000 - 660,000 tons for AN & Nitric Acid, 530,000 - 560,000 tons for Urea Ammonium Nitrate (UAN), and 260,000 - 290,000 tons for Ammonia. This outlook includes planned turnaround activities that will impact ammonia and UAN production.
- Regarding low carbon ammonia projects, the pre-construction Class VI permit application for the El Dorado Carbon Capture and Sequestration (CCS) Project was resubmitted to the EPA in December 2025, with EPA approval anticipated in Q4 2026 and operations expected by the end of 2026.
3 days ago
LSB Industries Reports Strong Q4 and Full Year 2025 Results and Provides 2026 Outlook
LXU
Earnings
Guidance Update
New Projects/Investments
- LSB Industries reported significant financial improvements for Q4 2025, with net sales of $165.0 million (up from $134.9 million in Q4 2024), net income of $16.1 million (compared to a net loss of $9.1 million in Q4 2024), and diluted EPS of $0.22 (versus $(0.13) in Q4 2024).
- For the full year 2025, the company achieved net sales of $615.2 million (up from $522.4 million in FY 2024), net income of $24.6 million (compared to a net loss of $19.4 million in FY 2024), and diluted EPS of $0.34 (versus $(0.27) in FY 2024).
- As of December 31, 2025, LSB Industries held approximately $148.5 million in cash, cash equivalents and short-term investments and had total debt of $441.0 million. During 2025, the company repurchased $39.9 million in principal amount of Senior Secured Notes and approximately 0.3 million shares of common stock.
- For 2026, LSB Industries provided a sales volume outlook, including 630,000 - 660,000 tons for AN & Nitric Acid, 530,000 - 560,000 tons for Urea Ammonium Nitrate (UAN), and 260,000 - 290,000 tons for Ammonia, noting planned turnaround activities will impact production.
- The company's El Dorado Carbon Capture and Sequestration (CCS) Project is expected to capture between 400,000 and 500,000 metric tons of CO2 per year, aiming to reduce Scope 1 emissions by approximately 25%, with operations anticipated to begin by the end of 2026.
3 days ago
LXU Reports Solid Q3 2025 Results and Provides Project Update
LXU
Earnings
New Projects/Investments
Guidance Update
- LXU delivered solid results in Q3 2025, reporting Net Sales of $155 million, Adjusted EBITDA of $40 million, and Diluted EPS of $0.10.
- The company generated solid free cash flow of $21 million in Q3 2025 and maintained a net debt/TTM Adjusted EBITDA of 2.0X as of September 30, 2025.
- The Stockholder Rights Plan, designed to protect substantial net operating losses (NOLs), is in effect until August 22, 2026.
- The El Dorado CCS Low Carbon Ammonia Project is on track for a late 2026 startup, with a stratigraphic well drilled in the second half of 2025 and construction expected to commence in the second half of 2026.
- The outlook for fertilizer and industrial end markets is forecasted to remain strong into 2026.
Oct 30, 2025, 2:00 PM
LSB Industries Reports Strong Q3 2025 Financial Results and Operational Progress
LXU
Earnings
Guidance Update
New Projects/Investments
- LSB Industries reported Q3 2025 adjusted EBITDA of $40 million, an increase from $17 million in Q3 2024, and generated $36 million in free cash flow during the quarter, bringing the year-to-date total to $20 million.
- The company completed its transition from high-density ammonium nitrate (HDAN) for fertilizers to ammonium nitrate solution for explosives, achieving 100% fulfillment of contractual obligations for this product.
- Market conditions remained constructive, with UAN prices averaging $336 per tonne in Q3, representing a 65% increase over Q3 2024, and Tampa ammonia settling at $650 per metric tonne for November, up from $392 per tonne in June 2025.
- The El Dorado low-carbon project is on track, with the technical review of its permit expected to be completed in Q1 2026 and operations anticipated to begin by the end of 2026, projected to generate approximately $15 million in annual EBITDA.
- Management expects Q4 2025 results to be higher than Q4 2024 due to anticipated higher selling prices and production volumes, partially offset by increased variable and other costs.
Oct 30, 2025, 2:00 PM
LSB Industries Reports Solid Q3 2025 Results and Provides Business Updates
LXU
Earnings
New Projects/Investments
Guidance Update
- LSB Industries, Inc. reported solid Q3 2025 financial results, with Net Sales of $155 million, Adjusted EBITDA of $40 million, and Diluted EPS of $0.10, driven by improved reliability and higher UAN pricing.
- The company's Stockholder Rights Plan, intended to protect substantial net operating losses (NOLs), remains in effect until August 22, 2026, preventing an "ownership change" if any person acquires 4.9% or more of common stock.
- The outlook for fertilizer and industrial end markets is projected to remain strong into 2026, supported by factors such as ammonia supply disruptions and robust industrial product demand.
- LSB Industries, Inc. maintained robust liquidity as of September 30, 2025, reporting $78 million in Cash & Short-Term Investments and a Net Debt/TTM Adjusted EBITDA of 2.0X.
- The Low Carbon Ammonia Project is on track for a late 2026 startup, having achieved milestones including commencing CCS facility construction and securing a 150K ton/y off-take agreement.
Oct 30, 2025, 1:11 PM
Quarterly earnings call transcripts for LSB INDUSTRIES.
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