Netherlands' Vopak HY1 revenue rises on strong demand for storage infrastructure

Koninklijke Vopak

30/07/2026 06:15

Overview
Netherlands energy storage firm's HY1 2026 revenue rose 4%, driven by stable occupancy and demand
HY1 2026 net profit and EPS declined due to prior-year one-offs and divestment loss
Company raised FY 2026 outlook and announced EUR 0.72 interim dividend, moving to semi-annual payments

Outlook
Vopak raises FY 2026 outlook for proportional EBITDA to EUR 1,180-1,220 mln
Company expects FY 2026 proportional operating free cash flow around EUR 820 mln
Vopak says most growth projects under construction expected to commission by year-end 2027

Result Drivers
STABLE DEMAND - Co said healthy demand for storage infrastructure and a stable 91% occupancy rate supported revenues across geographies and markets
GROWTH PROJECTS - Revenue growth was driven by contributions from growth projects and existing business, with long-term contracts in gas and industrial terminals supporting higher throughputs
LOWER OPERATING EXPENSES - Operating expenses fell, mainly due to lower insurance expenses from fewer claims in HY1 2026

Company press release: ID:nGNErl54w

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 677.10 mln
 
H1 EPS
 
EUR 1.63
 
H1 Net Income
 
EUR 186.40 mln
 
H1 Dividend
 
EUR 0.72
 
H1 EBITDA
 
EUR 600.30 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the oil & gas transportation services peer group is "buy"
Wall Street's median 12-month price target for Koninklijke Vopak NV is €53.00, about 13.5% above its July 29 closing price of €46.68
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
July 27 - Canada's Gibson Energy Q2 net income rises on record Infrastructure segment EBITDA
July 28 - Dutch grid operator Enexis gets €500 million financing from EIB
July 28 - France's GTT H1 net income jumps amid strong order intake

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)