LSB Industries reports Q3 net loss of $8M, sales down 38% YoY; announces low-carbon ammonia project

LSB INDUSTRIES, INC.

2023-Q3 EPS reported $0.44 revenue$461,096,000

Net sales $114M (down 38% YoY); net loss $8M vs net income $2M in Q3 2022.
EPS ($0.10) vs $0.03; adjusted EBITDA $9M vs $50M; cash flow from ops $17M.
Average ammonia price $269/ton (-70% YoY); UAN $217/ton (-48%); natural gas cost $3.61/MMBtu vs $7.65.
Announced low-carbon ammonia project on Houston Ship Channel with INPEX, Air Liquide, Vopak Moda; targeting 2027 commissioning.
El Dorado CCS project with Lapis Energy: awaiting EPA Class VI permit; expects operations in 2H 2025.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

LSB INDUSTRIES, INC. reported financial results for the third quarter ended September 30, 2023.

Period: the third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 1, 2023, LSB Industries, Inc. (the “Company”) issued a press release to report its financial results for the third quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-057657

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