Logo

LXU

LSB Industries, Inc.

LXU

LSB Industries, Inc. • NYSE
$8.93 ▲ 0.90% (+0.08)
Market Cap $642.46 M
52w High $9.98
52w Low $4.88
Dividend Yield 0%
P/E -893
Volume 252.11K
Outstanding Shares 71.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $155.431M ▲ $9.914M ▼ $7.115M ▲ 4.578% ▲ $0.099 ▲ $36.392M ▲
Q2-2025 $151.296M ▲ $12.68M ▲ $3.006M ▲ 1.987% ▲ $0.042 ▲ $32.624M ▲
Q1-2025 $143.432M ▲ $9.916M ▼ $-1.64M ▲ -1.143% ▲ $-0.023 ▲ $26.258M ▲
Q4-2024 $134.906M ▲ $12.794M ▼ $-9.149M ▲ -6.782% ▲ $-0.13 ▲ $16.671M ▲
Q3-2024 $109.217M $16.478M $-25.382M -23.24% $-0.35 $-5.056M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $151.966M ▲ $1.15B ▲ $644.939M ▲ $504.609M ▲
Q2-2025 $124.892M ▼ $1.128B ▼ $632.283M ▼ $495.8M ▲
Q1-2025 $163.546M ▼ $1.176B ▼ $685.375M ▼ $490.563M ▼
Q4-2024 $184.201M ▼ $1.187B ▲ $695.548M ▲ $491.64M ▼
Q3-2024 $199.343M $1.183B $683.972M $498.961M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $7.115M ▲ $52.574M ▲ $-21.768M ▼ $-8.469M ▲ $22.337M ▲ $35.596M ▲
Q2-2025 $3.006M ▲ $18.165M ▲ $10.097M ▲ $-37.678M ▼ $-9.416M ▼ $-315K ▲
Q1-2025 $-1.64M ▲ $6.836M ▲ $-5.271M ▲ $-6.765M ▼ $-5.2M ▲ $-14.031M ▲
Q4-2024 $-9.149M ▲ $3.976M ▼ $-34.7M ▲ $8.671M ▲ $-22.053M ▲ $-24.231M ▼
Q3-2024 $-25.382M $17.111M $-187.166M $-3.996M $-174.051M $-13.929M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Chemical
Chemical
 $130.00M ▲$140.00M ▲$150.00M ▲$160.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have been very cyclical. Sales climbed sharply coming out of 2020, peaked in 2022, and have since stepped down for two years in a row. Profitability followed the same pattern: strong margins and healthy earnings in 2022, but much thinner margins in 2023 and a return to a small loss in 2024. This reflects both the commodity nature of nitrogen products and likely weaker pricing versus that peak period. Overall, the business has shown it can be very profitable in strong market conditions, but results are quite sensitive to swings in fertilizer and industrial demand, as well as input costs.

Balance Sheet

Balance Sheet The balance sheet looks steadier than the income statement. Total assets have grown over time, and shareholder equity has gradually increased, which is a sign of accumulated value despite recent volatility. Debt had built up but has been coming down, which reduces financial risk, though borrowings still represent a meaningful part of the capital structure. Cash on hand is relatively thin, so the company does not have a huge liquidity cushion and likely relies on ongoing cash generation and credit access to fund operations and investments.

Cash Flow

Cash Flow Cash flow from operations has been consistently positive in recent years, with a very strong peak when earnings were highest and more modest, but still positive, inflows since then. The company is clearly in an investment phase: capital spending has risen, and in the most recent year it slightly outpaced operating cash flow, leading to a small negative free cash flow. In plain terms, LSB is plowing a lot of cash back into its plants and growth projects, which can support future earnings but leaves less near‑term excess cash and raises the importance of execution on those projects.

Competitive Edge

Competitive Edge LSB operates in a classic commodity space but with some structural advantages. Its plants are located close to key agricultural and industrial customers in the central and southern U.S., helping on freight cost and reliability. Access to relatively low‑cost natural gas provides a cost edge versus many overseas producers. The customer base is diversified across agriculture, industrial uses, and emerging energy applications, which helps smooth out swings in any one segment. The bigger strategic edge is its early push into low‑carbon ammonia and related products, supported by partnerships and long‑term supply agreements. Against this, LSB still competes with much larger global chemical and fertilizer players, faces commodity price cycles, and is exposed to natural gas price volatility and regulatory changes.

Innovation and R&D

Innovation and R&D Innovation is centered less on traditional lab R&D and more on process technology and decarbonization. The flagship move is into low‑carbon, or “blue,” ammonia through a large carbon capture and storage project at its El Dorado facility, plus plans for a new low‑carbon ammonia plant on the Gulf Coast with major partners. These projects, if executed well, could reposition LSB as a key supplier for customers seeking cleaner inputs, from mining to potential marine fuel applications. The company is also signaling interest in future “green” ammonia based on renewable power. This strategy gives LSB an early foothold in a niche that could grow meaningfully, but it comes with execution, permitting, technology, and demand‑adoption risks, and payoffs are likely to be more mid‑ to long‑term than immediate.

Summary

LSB Industries is a cyclical nitrogen chemicals producer that is trying to reinvent itself around low‑carbon ammonia and decarbonized products. Financially, it has moved from losses to strong profits and back to modest losses within a few years, underscoring how sensitive the business is to market conditions. The balance sheet has improved, with gradually rising equity and reduced debt, though liquidity is not abundant. Cash flows are being heavily reinvested into plants and new low‑carbon projects. Competitively, the company benefits from advantaged locations, feedstock access, and a diversified customer base, but it still operates in a commodity-heavy, volatile industry. The big opportunity is its first‑mover push into low‑carbon and eventually green ammonia, backed by carbon capture projects and strategic partnerships. The key questions going forward are how well LSB can navigate commodity cycles while executing these large projects on time and on budget, and whether demand for low‑carbon ammonia scales in line with its ambitions.

NEWS

November 13, 2025 · 5:11 PM UTC

LSB Industries, Inc. to Participate in NYSE Industrials Virtual Conference

Read more

October 29, 2025 · 4:10 PM UTC

LSB Industries, Inc. Reports Operating Results for the 2025 Third Quarter

Read more

October 15, 2025 · 8:30 AM UTC

LSB Industries, Inc. Schedules 2025 Third Quarter Results Release for Wednesday, October 29th and Conference Call for Thursday, October 30th

Read more