Netherlands' Vopak Q3 revenue rises on strong storage demand, raises 2026 outlook

Koninklijke Vopak

Wed 06:10

Overview
Netherlands tank storage firm's Q3 revenue rose yr/yr, supported by strong demand and stable occupancy
YTD net profit and EPS declined due to absence of prior-year exceptional gains
Company raised FY 2026 EBITDA and free cash flow outlook

Outlook
Vopak raises 2026 proportional EBITDA outlook to EUR 1.2-1.22 bln
Company now sees 2026 proportional operating free cash flow at about EUR 840 mln
Company says higher outlook is driven by growth project contributions and strong business performance

Result Drivers
STORAGE DEMAND - Co said revenue growth was supported by healthy demand for storage infrastructure services and a stable 91% occupancy rate
GROWTH PROJECTS - Revenue growth was driven by contributions from new projects and existing business, excluding currency effects
MARKET VOLATILITY - Co said volatile market conditions led to mixed performance across terminals, with some seeing dampened activity and others stronger demand

Company press release: ID:nGNE66Mb0d

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 349.70 mln
 
Q3 EPS
 
EUR 1.25
 
Q3 Net Income
 
EUR 141.70 mln
 
Q3 EBITDA
 
EUR 306.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "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 N.V. is €63.85, about 20.1% above its November 3 closing price of €53.15
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
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Nov 3 - Sweden's Berner Industrier Q3 net sales rise, EBITA up 19%

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(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.)