HELLENiQ ENERGY Holdings S.A. (ELPE) Earnings Call Transcripts

HELLENiQ ENERGY Holdings S.A.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, HELLENiQ ENERGY Holdings S.A. reported a clean EBITDA of just under EUR 300 million, reflecting strong performance despite the Aspropyrgos refinery turnaround. The company indicated that had the refinery not been offline, EBITDA could have approached EUR 400 million, showcasing resilience amid geopolitical challenges affecting crude supply. Management expects continued strong performance in Q2, with a positive outlook for the remainder of the year, driven by improved refining margins and operational efficiencies.

Reported metrics

Guidance from management

Management expects Q2 2026 EBITDA to remain strong, potentially between EUR 350 million to EUR 450 million, and anticipates overall performance for the year to exceed 2025 levels due to lower capital expenditures and improved operational efficiencies.

What management said

Thank you. The domestic fuel market sales in the first quarter showed a very small decline overall. Automotive fuels were nearly flat. And the delta that we saw was in the heating fuels on gas oil, heating gas oil and heating LPG. Aviation sales were up 10%, which is very much in line with increased passenger traffic from the main airports. Bunker sales to bunkering clients continued the previous trend of having fuel...

Thank you. And we have another question from Eurobank Equities and specifically from Christiana Armpounioti who asks, how do you see refining margins in the second quarter? We saw that gasoline cracks, for example, came under significant pressure in April. Also regarding petrochemicals, when should we expect additional capacity?

What analysts pressed on

Analysts expressed concerns regarding the sustainability of refining margins and potential impacts from geopolitical events on crude supply. There were also questions about the competitive landscape in the renewables sector and how it might affect returns on new projects.

Main topics on the call

• Successful Refinery Turnaround — Management highlighted the completion of the Aspropyrgos refinery turnaround as a significant achievement, stating it was 'on time, on budget' and expected to yield substantial operational benefits. This turnaround was d...
• Geopolitical Supply Chain Management — The company successfully navigated supply chain disruptions due to geopolitical tensions, with management stating, 'we did not have to suffer any slowdowns.' This adaptability is crucial as traditional crude sources are ...
• Refining Margin Performance — Refining margins were reported at 11.4%, nearly double that of Q1 2025, driven by high ULSD and gas oil cracks. Management expressed confidence in sustaining these margins, stating, 'the current level of overperformance ...
• Demand Stability Amid Challenges — Despite geopolitical tensions, domestic fuel demand remained stable with only a slight decline observed. Management noted, 'the market... has not suffered a significant downturn on the demand side,' indicating resilience...

Read the full HELLENiQ ENERGY Holdings S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 23 HELLENiQ ENERGY Holdings S.A. earnings call transcripts on record, spanning February 27, 2020 to May 14, 2026. Based on this history, HELLENiQ ENERGY Holdings S.A. reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ELPE

Exchange

ATSE

Country

GR

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

23

First call

February 27, 2020

Most recent

May 14, 2026

Reporting cadence

quarterly