Rompetrol Rafinare posts solid H1 2026 results

Consolidated results

Rompetrol Rafinare reported consolidated gross turnover of USD 3.502 billion in H1 2026, up 25% versus H1 2025. EBITDA increased 65% to USD 128.13 million and the consolidated net result was USD 40.42 million (H1 2025: USD -53.19 million). The temporary capping of the commercial margin from April to June directly impacted refining and distribution results.

Refining

The Petromidia refinery processed 2.599 million tonnes of raw materials (‑7%) after a planned three‑week turnaround in March; total fuel production reached 2.1 million tonnes. The refining segment posted gross turnover of USD 3.048 billion and EBITDA of USD 90.17 million. Petromidia ran at a 98.11% utilisation rate, achieved a white products yield of 86.54%, produced approximately 225 kt of aviation fuel and improved its Energy Intensity Index to 92 points.

Petrochemicals

The petrochemical segment recorded turnover of USD 62.89 million (+37%) and narrowed its EBITDA loss to USD -8.07 million. Total polymer production rose 12% to 44 kt, processing 41 kt of propylene and 21 kt of ethylene. A new copolymer range was launched in March and around 65% of polymer output was allocated to the domestic market.

Distribution and outlook

Distribution posted turnover of USD 2.102 billion (+27%) with EBITDA of USD 41.30 million (‑11%); retail sales rose 3% and wholesale 7%. The network totalled 1,208 sales points at end‑June, with plans for 13 new stations and ultra‑fast charging in 26 locations supported by EU CEF co‑financing. Contribution to the state budget exceeded USD 1.3 billion in H1 2026. The company flagged a reserved outlook for H2 given Black Sea geopolitical disruptions affecting maritime routes and logistics.