France's Rubis H1 revenue rises on energy distribution growth, raises FY EBITDA guidance

Rubis SCA

08/09/2026 06:12

Overview
France energy distributor and renewables producer's H1 revenue grew 24% yr/yr to €4.07 bln
H1 EBITDA rose 18% and net income increased 17% yr/yr
Company upgraded 2026 EBITDA guidance to €775-825 mln, citing strong first half

Outlook
Rubis raises 2026 EBITDA guidance to €775 mln-€825 mln from €740 mln-€790 mln
Company expects high oil prices to weigh on demand in H2 2026
Rubis sees Caribbean activity supported by Haiti recovery, tourism and Guyana-Suriname economic growth

Result Drivers
ENERGY DISTRIBUTION GROWTH - Co said strong activity in fuel, LPG and bitumen across Europe, Africa and the Caribbean drove higher volumes and gross margins
BITUMEN AND FUEL PERFORMANCE - Significant increases in bitumen (+44% volume, +54% gross margin) and fuel (+6% volume, +13% gross margin) supported H1 results
RENEWABLES EXPANSION - Renewable electricity production rose, with Photosol commissioning the Creil solar plant and increasing assets in operation by 32%

Company press release: ID:nGNE6RCKTv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 4.07 bln
 
H1 EPS
 
EUR 1.85
 
H1 Net Income
 
EUR 191 mln
 
H1 Capex
 
EUR 137 mln
 
H1 EBIT
 
EUR 307 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 refining and marketing peer group is "buy"
Wall Street's median 12-month price target for Rubis SCA is €38.35, about 13.3% above its September 7 closing price of €33.86
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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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.)