Vallourec shares rise after core profit beat helped by US prices

Vallourec SA

13/05/2026 09:02

** Shares in Vallourec VLLP.PA rise nearly 4% after the French steel tubes maker reported a 4% rise in Q1 EBITDA boosted by rising market prices in the U.S.

** Its earnings before interest, taxes, depreciation and amortization (EBITDA) came in at $220 million within its previously given guidance range

** "Vallourec reported a strong Q1 2026, which the market had expected to be rather weak, ..., driven by improved prices, product mix and cost optimisation," TP ICAP Midcap analyst says

** Jefferies notes Q1 EBITDA came in ahead of Visible Alpha consensus expectations

** While the brokerage deems Q2 guide "soft," it says FY26 outlook comments are now more constructive on North America

** The company adds that it saw resilient customer activity in its key markets in the Middle East

** Shares of Vallourec are on track for their best day since April 9, rising more than 60% since the beginning of the year, if gains hold

(Reporting by Mathias de Rozario in Gdansk)

((mathias.derozario@thomsonreuters.com ))