Finland's Neste Q2 revenue rises on higher end product prices

Neste Oyj

24/07/2026 07:10

    

    Overview
  
Finland renewable fuels producer's Q2 revenue rose yr/yr on higher end product prices
Comparable EBITDA for Q2 rises, driven by strong renewable margins
Company preparing for major refinery maintenance turnarounds in H2 2026

    

    Outlook
  
Neste expects 2026 Renewable Products sales volumes to be about the same as 2025
Company sees 2026 Oil Products sales volumes lower than 2025 due to planned maintenance
Neste estimates 2026 capital expenditure excluding M&A at about EUR 1.2 bln

    

    Result Drivers
  
RENEWABLE MARGINS - Record-high sales margins in Renewable Products and elevated diesel prices drove Q2 profit
OIL PRODUCTS MARGINS - Exceptionally wide middle distillate cracks boosted Oil Products refining margin
PERFORMANCE IMPROVEMENT - Ongoing performance improvement program contributed EUR 118 mln to EBITDA increase

    
Company press release: ID:nWkr8MXR2x

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
 
EUR 5.99 bln
 
Q2 Comparable EBITDA
 
EUR 1.20 bln
 
Q2 EBITDA
 
EUR 1.14 bln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy", 9 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."
Wall Street's median 12-month price target for Neste Oyj is €32.50, about 3.2% below its July 23 closing price of €33.59
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

    

    Reuters Recommended Reads
  
July 23 - Repsol sees refining margins staying high next year amid geopolitical turmoil
July 22 - Norway's Equinor Q2 net income rises on higher prices
July 22 - Mideast war escalation threatens recovery in global oil refining

    
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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.)