DCC plc (DCC) Earnings Call Transcripts
DCC plc's Latest Earnings Call - May 19, 2026
In the fiscal year 2026, DCC plc reported a revenue decline of 2.9% to GBP 15.4 billion, while adjusted operating profit increased by 3.6% to GBP 634 million. Adjusted EPS rose by 9.9% to 438.1p, reflecting strong free cash flow conversion of 108%. Management highlighted ongoing strategic progress and growth opportunities in the energy sector, despite macroeconomic challenges, and indicated confidence in achieving their 2030 growth ambitions. The company is currently in an offer period, limiting forward-looking guidance.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | GBP 15.4 billion (miss) |
| Adjusted Operating Profit | GBP 634 million (beat) |
| Adjusted EPS | 438.1p (beat) |
| Free Cash Flow Conversion | 108% (beat) |
| Return on Capital Employed | 16.8% (beat) |
| Net Debt to EBITDA | 0.9x (inline) |
Guidance from management
Management maintained a positive outlook for growth and strategic progress in the energy sector, but specific forward guidance was limited due to the ongoing offer period.
What analysts pressed on
Analysts expressed concerns about the decline in organic growth and the challenges faced in Energy Services, particularly regarding project delays and competitive pressures. There were questions about the impact of macroeconomic conditions on future performance.
Main topics on the call
- Revenue Decline — DCC reported a revenue decline of 2.9% to GBP 15.4 billion, primarily due to lower energy volumes. Management noted, 'The main driver for this decline was volumes in DCC Energy.'
- Adjusted EPS Growth — Adjusted EPS increased by 9.9% to 438.1p, supported by a reduction in share count following a GBP 700 million capital return. Management stated, 'The increase in operating profit was a large component of this increase.'
- Strong Free Cash Flow — DCC achieved a free cash flow conversion of 108%, generating GBP 689 million from GBP 638 million of operating profit. Management emphasized, 'Free cash flow generation was excellent.'
- M&A and Market Opportunities — Management highlighted significant M&A opportunities in the liquid gas market, stating, 'We have just 5% of the addressable market of 74 billion liters.' They see potential for consolidation in Europe and the U.S.
Read the full DCC plc transcript (May 19, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About DCC plc
DCC plc (DCC) is a publicly listed company in the Oil, Gas and Consumable Fuels industry, within the Energy sector. It trades on LSE and is based in GB. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 21 calls on record spanning May 19, 2020 to May 19, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 21 DCC plc earnings call transcripts on record, spanning May 19, 2020 to May 19, 2026. Based on this history, DCC plc reports quarterly. The most recent call on file is dated May 19, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- DCC
- Exchange
- LSE
- Country
- GB
- Sector
- Energy
- Industry
- Oil, Gas and Consumable Fuels
- Calls on record
- 21
- First call
- May 19, 2020
- Most recent
- May 19, 2026
- Reporting cadence
- quarterly