Finland's Neste Q4 comparable EBITDA rises significantly

Neste Oyj

05/02/2026 07:11

Overview

Finland's renewable diesel producer's Q4 comparable EBITDA rose significantly yr/yr

Company's full-year revenue declined due to lower prices and currency impacts

Renewable Products segment's Q4 comparable EBITDA rose sharply despite maintenance activities

Outlook

Renewable Products sales volumes in 2026 expected to remain at 2025 levels

Oil Products sales volumes in 2026 expected to be lower due to planned maintenance

Full-year 2026 cash-out capital expenditure estimated at EUR 1.0-1.2 bln

Result Drivers

PERFORMANCE IMPROVEMENT - Neste's group-wide performance improvement program contributed EUR 376 mln to EBITDA, exceeding the target ahead of schedule

RENEWABLE PRODUCTS - Higher sales volumes and margins in Renewable Products drove a significant increase in Q4 comparable EBITDA

OIL PRODUCTS - Improved utilization rates and higher margins in Oil Products supported Q4 comparable EBITDA growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
EUR 4.95 bln
Q4 Comparable EBITDA
EUR 601 mln
Q4 EBITDA
EUR 545 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy", 7 "hold" and 5 "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 €22.00, about 2.3% above its February 4 closing price of €21.51

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nWkr4chyYL

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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.)