Neste up as higher fuel prices drive Q1 beat

Neste Oyj

29/04/2026 08:42

** Shares in Neste NESTE.HE rise 2.1% after the Finnish oil refiner and biofuels producer beat Q1 expectations across all its businesses, helped by higher fuel prices

** Q1 adjusted EBITDA tripled to 861 million euros ($1.01 billion), above the 755.8 million seen on average in a company-compiled consensus

** Neste's Q1 Renewable Products (RP) comparable sales margin jumped to $856/ton, 18% ahead of expectations of $725/ton and the highest since Q3 2023, per Jefferies

** RBC says the results reaffirm its view that Neste is uniquely positioned to capture refining upside, particularly in the its RP business, given fewer feedstock sourcing issues than traditional oil refiners

** Both brokers note beats across all business units

($1 = 0.8547 euros)

 (Reporting by Marta Frackowiak)

 ((marta.frackowiak@thomsonreuters.com))