OMV AG (DE:OMV)
XETRA:OMV
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.39Last Year’s EPS
1.18Same Quarter Last Year
Moderate Sell
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced material near-term operational challenges—most notably production declines, a sizeable net working capital build, hedging losses and volatility from the Middle East—with substantial strategic and financial positives: a transformative Borouge International transaction (scale, higher pro forma EBITDA and investment-grade ratings), strong operating cash flow excluding working capital, improved Chemicals performance, elevated refining margins and a robust liquidity position. While Q1 results show weaker Energy performance and timing-related cash flow headwinds, management provided clear guidance and a constructive outlook backed by a strengthened chemicals platform and preserved balance sheet flexibility.Company Guidance
Strong Clean CCS operating result and operating cash flow (ex-NWC)
OMV delivered a clean CCS operating result of more than EUR 1.0 billion in Q1 2026 and operating cash flow excluding net working capital of around EUR 1.6 billion, demonstrating underlying cash generation despite market volatility.
Transformative Borouge International transaction
Creation of Borouge International (OMV and XRG 50/50) with OMV capital injection of EUR 1.5 billion; historic pro forma EBITDA ~USD 4.5bn with expected >USD 7bn through the cycle; company achieved investment-grade credit ratings; Asset Usage Agreement to commercialize Borouge 4 (+1.4 million t polyethylene).
Chemicals segment outperformance
Chemicals clean operating result rose sharply to EUR 245 million in Q1 2026; contribution from Borealis (ex-JVs) increased to EUR 223 million, supported by stop of Borealis depreciation, higher polyolefin margins and increased sales volumes; European cracker utilization stable at 91%.
Refining margins materially stronger
European refining indicator margin averaged USD 13.9 per barrel in Q1 2026 (more than doubled vs prior year quarter) and started April around USD 16/bbl, supporting downstream profitability in a tight product market.
Solid reported net income driven by deconsolidation gain
Reported net income rose to more than EUR 1.6 billion in Q1 2026, driven by a EUR 886 million gain on the deconsolidation of Borealis (recognized as a special item and excluded from Clean CCS results).
Robust liquidity and conservative leverage
OMV ended March with EUR 3.5 billion cash and EUR 3.1 billion undrawn committed credit facilities; leverage rose modestly from 14% to 17% after the Borouge International transaction and remains well below the 30% mid/long-term threshold.
Operational resilience and asset utilization
Borouge (pro forma) has delivered pro forma average utilization close to 90% over the past 5 years (industry ~80%); Borouge achieved high availability in Q1 and activated alternative logistics to export product despite Strait of Hormuz disruptions.
Clear 2026 guidance reflecting current market view
Management provided FY2026 guidance: Dated Brent $85–95/bbl, THE gas ~EUR 45/MWh, OMV realized gas EUR 35–40/MWh, production 280–290k boe/d, unit production cost ~USD 11/bbl, refining indicator margin USD 10–15/bbl, ethylene >EUR 550/t and propylene >EUR 420/t.
DE:OMV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:OMV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | €59.80 | €60.90 | +1.84% |
Feb 04, 2026 | €50.55 | €52.70 | +4.25% |
Oct 29, 2025 | €46.28 | €47.42 | +2.46% |
Jul 31, 2025 | €46.26 | €44.50 | -3.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does OMV AG (DE:OMV) report earnings?
OMV AG (DE:OMV) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is OMV AG (DE:OMV) earnings time?
OMV AG (DE:OMV) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of OMV AG stock?
The P/E ratio of OMV AG is N/A.
What is DE:OMV EPS forecast?
DE:OMV EPS forecast for the fiscal quarter 2026 (Q2) is 2.39.