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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 349.70 mln

Q3 EPS

EUR 1.25

Q3 Net Income

EUR 141.70 mln

Q3 EBITDA

EUR 306.10 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 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%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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