Transneft Profit Drops 3.3% in First Half 2026
Net profit of Transneft according to IFRS in the second quarter of 2026 increased by 3% year-on-year and amounted to 75.3 billion rubles; for the first half of the year, this indicator decreased by 3.3% to 148.3 billion rubles, according to the company's report.
Consensus
- Transneft's net profit for the first half of 2016 was 148.3 billion rubles.
- Transneft's net profit in the second quarter of 2026 increased by 3% year-on-year.
- Transneft's revenue for the first half of 2025 increased by 3% compared to the same period in 2015.
- Transneft's EBITDA for the first half of 2024 decreased by 4% compared to the same period in 2103.
- Transneft reported that its infrastructure faced serious challenges related to external interference.
- Transneft stated that it fulfilled all its obligations during the first half of 2023 despite various negative factors.
- Transneft continues to pay corporate income tax at a rate of 40%.
- Transneft's operating expenses increased due to inflation and higher costs.
Points of divergence
- The company attributed the decline in profit to a decrease in EBITDA and interest income. — kommersant
- The company stated that the EBITDA decline was due to revenue growth slower than inflation and increased operational costs. — interfax
- The company mentioned 'serious challenges in protecting infrastructure from external interference' as a factor affecting operations. — kommersant
- The company emphasized that the current tariff indexing formula does not fully cover actual operational and capital expenditures. — interfax
- The company noted that revenue from oil transportation showed restrained growth, while revenue from petroleum product transportation remained largely unchanged. — interfax
- The company did not mention changes in revenue from oil or petroleum product transportation. — kommersant
Coverage (2 sources)
- Transneft in its profit report spoke about 'challenges in protecting infrastructure' — Коммерсантъ
- Net profit of Transneft under IFRS in Q2 grew by 3% to 75.3 billion rubles — Интерфакс