Neste Corporation (OMXHEX:NESTE) posted sharply higher profits and revenues driven by record Renewable Products margins, strong diesel and refining cracks, and higher end‑product prices, though Q2 EBITDA missed estimates and shares fell after the firm warned 2026 oil volumes will dip amid planned maintenance.
Previous Week Recap
- Neste Q2 Adjusted EBITDA Drops: Neste reported Q2 adjusted EBITDA of €1.20 billion, more than triple year-ago levels but below the market expectation of €1.23 billion; following the release the company’s shares fell about 8%.
- Neste Q1 Revenue Rises Sharply: Neste (NESTE) Q1 operating income EUR 918M vs EUR 18M year-ago; revenue EUR 5.987B vs EUR 4.511B. Higher end-product prices added ~EUR 2.4B to revenue.
- Neste Q2 Profit Boosted: Neste (NESTE) Q2 profit rose on record Renewable Products margins and high diesel prices; strong middle-distillate cracks boosted Oil Products refining margins, lifting overall quarterly results.
- Neste 2026 Oil Volumes Fall: Neste expects 2026 renewable product volumes to match 2025 and anticipates lower 2026 oil product volumes due to a planned maintenance turnaround.
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