earnings
confidence high
sentiment negative
materiality 0.85
Westlake posts Q1 net loss of $40M; EBITDA down 47% YoY on higher costs and outages
WESTLAKE CORP
2025-Q1 EPS reported
-$0.31
revenue$2,846,000,000
- Net loss of $40M ($0.31 diluted loss) vs net income of $174M ($1.34) in Q1 2024.
- EBITDA of $288M, down 47% YoY; EBITDA margin fell to 10% from 18%.
- Higher NA feedstock/energy costs (~$100M YoY) and ~$80M from turnarounds/outages hit results.
- PEM segment operating loss of $163M vs income of $22M YoY; HIP income down 30% to $148M.
- HIP segment 2025 guidance lowered to low ends of $4.4-4.6B revenue and 20-22% margin; capex cut to $900M.