LSB Industries Reports Strong Q4 Results, Outlines 2026 Turnaround Plans

Chemical manufacturer highlights improved safety, record production, and plans for upcoming maintenance work.

Mar. 3, 2026 at 6:23am

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LSB Industries (NYSE:LXU) executives reported strong fourth-quarter and full-year 2025 results, including record nitric acid and ammonium nitrate solution production, improved safety performance, and higher EBITDA and cash flow. Management outlined plans for turnarounds at the company's El Dorado and Pryor facilities in 2026, as well as continued initiatives to boost earnings power through operational improvements and the upcoming carbon capture and sequestration project.

Why it matters

LSB Industries' improved operational and financial performance highlights the company's ability to capitalize on favorable market conditions, including tight nitrogen supply and strong industrial demand. The planned turnarounds and ongoing value creation efforts signal LSB's commitment to further strengthening its business and positioning itself for long-term success.

The details

LSB reported record nitric acid and ammonium nitrate solution production in 2025, citing improvements in plant reliability, throughput and operational efficiency. The company also saw strong demand for its products, particularly ammonium nitrate for mining and explosives, as well as increased demand for nitric acid due to tariffs on imported MDI. LSB expects the tight domestic supply situation to continue through mid-2026.

  • LSB reported a 12-month rolling total reportable incident rate of 0.40 incidents per 200,000 work hours as of December 31, 2025, a record low.
  • LSB plans to perform a turnaround at its El Dorado facility in the second quarter of 2026 and accelerate a turnaround at its Pryor location to the third quarter of 2026.
  • The company expects to begin sequestering CO2 from its carbon capture and sequestration project at El Dorado by the end of 2026 or early 2027.

The players

Mark Behrman

Chairman and CEO of LSB Industries.

Damien Renwick

Chief Commercial Officer of LSB Industries.

Cheryl Maguire

Chief Financial Officer of LSB Industries.

LSB Industries

An Oklahoma City-based manufacturer of chemical products serving the agricultural, industrial and defense markets.

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