LSB Industries, Inc. (LXU)

Over the past six months, LSB Industries, Inc. (LXU) stock has experienced various movements and analyst activities, with the share price increasing by 13.32% between December 23, 2024, and December 19, 2025. UBS maintained a "Neutral" rating, raising its price target to $9.75 in January 2026 and to $9.50 in October 2025. Zacks Research upgraded LSB Industries to "strong-buy" in December 2025, while Weiss Ratings restated a "sell (d-)" rating. Royal Bank of Canada increased its price target to $10.00 with an "outperform" rating in November 2025, and Wall Street Zen upgraded LSB Industries to "buy". The company reported Q3 earnings data in October 2025, with EPS of $0.10 and revenue of $155.43 million, exceeding estimates. In July 2025, UBS downgraded the rating to "Neutral" with a price target of $9.25, and the Q2 earnings call highlighted increased sales volumes of AN and UAN, a shift to cost-plus contracts, and debt reduction. LSB Industries reported Q1 2025 net sales of $143.4 million, a net loss of $1.6 million, and diluted EPS of $(0.02) in April 2025. In March 2024, LSB Industries reported a decrease in adjusted EBITDA for Q4 2023, and in April 2024, the company reported Q1 2024 net sales of $138 million, net income of $6 million, and diluted EPS of $0.08.

Demand for LSB Industries' products is seasonal, particularly for nitrogen-based fertilizers like ammonia, UAN, and AN, which experience strong demand during the spring planting season. Robust agricultural demand was observed in the fourth quarter of 2023 and the first quarter of 2024, with UAN demand and pricing expected to remain strong through much of Q2 2024. Demand for industrial products like nitric acid remains steady, and demand for ammonium nitrate in mining applications is influenced by copper and gold mining activity. Demand can be impacted by external factors, such as lower natural gas prices in Europe, which affected UAN demand in the second quarter of 2023. The company is strategically transitioning some sales of spot price fertilizer products to industrial and mining applications to improve stability.

LSB Industries, Inc. is a diversified industrial and chemical manufacturing company based in Oklahoma City, producing chemical products for agricultural, industrial, and mining applications. Its agricultural products include ammonia, fertilizer-grade ammonium nitrate (AN), high-density ammonium nitrate (HDAN), and urea ammonium nitrate (UAN). The company's industrial chemicals include high-purity and commercial-grade ammonia, high-purity ammonium nitrate, sulfuric acids, concentrated, blended, and regular nitric acid, mixed nitrating acids, carbon dioxide, and diesel exhaust fluid (DEF). Mining products include industrial-grade ammonium nitrate (LDAN) and ammonium nitrate solutions for ammonium nitrate fuel oil and specialty emulsions.

LSB Industries is headquartered in Oklahoma City, Oklahoma, and operates four production facilities: El Dorado Chemical Company in El Dorado, Arkansas; Cherokee Nitrogen LLC in Cherokee, Alabama; Pryor Chemical Company in Pryor, Oklahoma; and a facility for Covestro AG in Baytown, Texas. The company sells its products through distributors and directly to end customers across the United States, and in parts of Canada and North America.

In the past year, LSB Industries has focused on operational excellence, safety, and sustainability initiatives, reporting zero recordable injuries for the first quarter of 2025. The El Dorado facility achieved verified ammonia carbon intensity pre-certification status from The Fertilizer Institute, indicating a commitment to environmental responsibility. Recent reports emphasize the company's ongoing improvements in reliability and efficiency across its facilities, despite a past sulfur fire event.

Approximately 51.00% of LSB Industries, Inc.'s stock is owned by institutional investors, 4.55% by insiders, and 44.46% by public companies and individual investors. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., and Robotti & Company, Incorporated. Todd Boehly is a significant individual shareholder, owning 21.3% of the shares.