Netherlands' Vopak Q3 revenue rises on strong storage demand, raises 2026 outlook 

Overview

• Netherlands tank storage firm's Q3 revenue rose yr/yr, supported by strong demand and stable occupancy

• YTD net profit and EPS declined due to absence of prior-year exceptional gains

• Company raised FY 2026 EBITDA and free cash flow outlook

Outlook

• Vopak raises 2026 proportional EBITDA outlook to EUR 1.2-1.22 bln

• Company now sees 2026 proportional operating free cash flow at about EUR 840 mln

• Company says higher outlook is driven by growth project contributions and strong business performance

Result Drivers

• STORAGE DEMAND - Co said revenue growth was supported by healthy demand for storage infrastructure services and a stable 91% occupancy rate

• GROWTH PROJECTS - Revenue growth was driven by contributions from new projects and existing business, excluding currency effects

• MARKET VOLATILITY - Co said volatile market conditions led to mixed performance across terminals, with some seeing dampened activity and others stronger demand

Company press release:

Key Details

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 transportation services peer group is "buy"

• Wall Street's median 12-month price target for Koninklijke Vopak N.V. is €63.85, about 20.1% above its November 3 closing price of €53.15

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads

• Nov 3 - Canada's Rockpoint Q2 net income rises as take-or-pay gains on higher storage rates

• Nov 3 - Denmark's Solar Q3 revenue rises on organic growth

• Nov 3 - Sweden's Berner Industrier Q3 net sales rise, EBITA up 19%

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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.)