Rompetrol Rafinare Q1 2026: Turnover up 8%, net profit achieved
- Q1 consolidated: turnover $1.433B, EBITDA $27.51M, net profit $567k and contribution to state $577M.
- Planned March turnaround at Petromidia and Vega completed (>700 maintenance tasks; ~900 equipment and ~1,200 pipelines inspected) and both units restarted by end of quarter.
- Refining output: Petromidia processed 1,188 kt feedstock (330 kt gasoline, 614 kt diesel/jet), white product yield 83.76% and EII 94.7; Vega processed 64 kt with 38.6% higher bitumen production.
- Petrochemicals: polymer production 16 kt (propylene 16 kt; ethylene 7 kt), total sales 26 kt, and launch of an LDPE copolymer grade to boost low‑temperature mechanical performance.
Consolidated results
In Q1 2026 consolidated turnover was $1.433B (+8% vs Q1 2025), EBITDA $27.51M and net profit $567k; contribution to the state budget rose to $577M (from $372M); European refining margins averaged $128.1 USD/MT.
Maintenance and compliance
Planned March turnaround at Petromidia and Vega was completed: >700 maintenance tasks executed, ~900 pieces of equipment and ~1,200 pipelines inspected/tested, operating permits recertified and both units restarted at full capacity.
Refining operations
Petromidia processed 1,188 kt feedstock (mainly Kazakh KEBCO/CPC), producing 330 kt gasoline and 614 kt diesel/jet, with white product yield 83.76% and EII 94.7 at ~15,200 t/day; Vega processed 64 kt, bitumen output +38.6%, technological losses 0.69% and energy consumption 3.25 GJ/t.
Petrochemicals
Polymer production totaled 16 kt (propylene 16 kt, ethylene 7 kt) with sales of 26 kt; segment EBITDA was negative $10.94M, and a new LDPE copolymer grade was launched to improve low‑temperature mechanical properties.
Distribution
Fuel sales reached 485 kt (retail 255 kt, wholesale 177 kt, LPG 53 kt); wholesale volumes rose 19%, the downstream network comprised 1,214 points of sale, distribution turnover was $924.3M and EBITDA $24.57M.
Source: Rompetrol Rafinare