Conpet (BVB: COTE), Romania\u2019s national oil transport system operator, recorded a net profit of RON 33.08 million in the first nine months of 2026, down 31% compared to the same period last year, while net turnover decreased by 13.9% to RON 363.45 million, according to the financial results published on the Bucharest Stock Exchange on Friday, November 13.<\/p>\n
Conpet\u2019s gross profit stood at RON 39.07 million, 30.2% below the level recorded in January-September 2025, while operating profit (EBIT) amounted to RON 33.71 million, down 33.6%. EBITDA reached RON 100.69 million, 11.7% less than in the first nine months of the previous year.<\/p>\n
During the period under review, total revenues amounted to RON 429.42 million, down 10.9%, while total expenses decreased by 8.3% to RON 390.35 million.<\/p>\n
Operating revenues totaled RON 423.60 million, 11% less than in the first nine months of 2025, while operating expenses decreased by 8.3% to RON 389.88 million.<\/p>\n
Compared to budgeted figures, turnover was 1.5% lower, mainly as a result of the failure to meet the transport program in the Domestic subsystem by approximately 68,000 tons. Operating revenues were 0.5% below the budgeted level.<\/p>\n
Nevertheless, the company exceeded its budgeted profitability indicators. Net profit was 112% above the budgeted level of RON 15.6 million, while operating profit exceeded the estimated figure by 106.9%.<\/p>\n
For the third quarter of 2026, the company reported a net profit of RON 20.74 million, 18.3% below the figure recorded in the same period last year. Net turnover amounted to RON 128.39 million, down 14.8%.<\/p>\n
The company is the concessionaire responsible for operating the National Transport System for crude oil, gasoline, condensate, and ethane. The Romanian state, through the Ministry of Energy, holds a 58% stake in the company.<\/p>\n
According to the company, its financial results were influenced by unfavorable operating conditions in the Import transport subsystem, where transported volumes fell by 35.3% compared to the same period in 2025, representing a decrease of 1.786 million tons.<\/p>\n
The decline in volumes, in turn, was caused by the Petrotel-Lukoil refinery being out of operation during the period under review, according to company representatives.<\/p>\n
\u201cThe refinery was an important client for the transport services provided by the company, and the suspension of its activity led to a significant decrease in the volumes transported through the Import subsystem. Compared to the previous year, the decline in transported volumes hurt the company’s economic and financial performance, resulting in lower turnover, operating revenues, and profitability, as well as a reduced achievement rate for financial performance indicators,\u201d company representatives said.<\/p>\n
Petrotel stopped production in October 2025 for scheduled technical overhaul works and has not resumed operations since. The refinery in Ploie\u0219ti has been under extended supervision by the Romanian state since February 12, 2026, following the imposition of sanctions on Lukoil by the US Office of Foreign Assets Control (OFAC). This week, the refinery reported<\/a> it is ready to resume operations.<\/p>","protected":false},"excerpt":{"rendered":" Conpet (BVB: COTE), Romania\u2019s national oil transport system operator, recorded a net profit of RON 33.08 million in the first nine months of 2026, down 31% compared to the same period last year, while net turnover decreased by 13.9% to RON 363.45 million, according to the financial results published on the Bucharest Stock Exchange on […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12961","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/12961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12961"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/12961\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}