LSB Industries Inc (LXU) News & EventsLXULSB Industries Inc

LSB Industries Reaches Agreement for Full Ownership of Carbon Capture Project

LSB Industries announced that it has reached an agreement with Lapis Carbon Solutions that establishes a strategic pathway for LSB to take full ownership of Project Blue, the carbon capture and sequestration project currently underway at its El Dorado, Arkansas facility. Key Transaction Details: LSB Industries to acquire 100% ownership and control of the El Dorado CCS project; No upfront cash payment required at closing; Investment to be made in stages tied to key milestones, with consideration focused on development, permitting, construction, commissioning and operational milestones; Total consideration and remaining completion capital, assuming all milestones achieved, currently estimated at approximately $95 million; Milestone-based structure aligns; Full ownership expected to provide enhanced commercial flexibility to optimize the asset and evaluate future expansion opportunities; The Company expects the project to generate between $25 million and $30 million of annual earnings and cash flow, net of any operating costs associated with CCS operations when fully operational

LSB Industries Files to Sell 10.37M Shares of Common Stock

LSB Industries files to sell 10.37M shares of common stock for holders

LSB Industries Reports Q1 Revenue of $169.5M

Reports Q1 revenue $169.5M, two estimates $166.19M. "I am pleased with our first quarter results, as they are in-line with our overall expectations. Our results reflect the impact of the operational discipline we have been building and executing over the past several years. Our progress is increasingly evident over the past two quarters, driving improved operating and financial performance," stated Mark Behrman, LSB Industries' Chairman & Chief Executive Officer. "The evolving geopolitical landscape, including the conflict in the Middle East and associated disruption of production facilities and important trade channels, is significantly impacting the global availability of nitrogen fertilizers. Importantly, our improved operating performance is enabling us to maximize fertilizer production and support US farmers with additional supply in this difficult time. We are encouraged by our continued execution across the business and believe it positions us to continue supporting our customers and deliver sustainable growth and long-term value creation."