Vallourec S.A. (VK) Earnings Call Transcripts

Vallourec S.A.'s Latest Earnings Call - June 15, 2026

In Q2 2026, Vallourec S.A. focused its earnings call on the geothermal energy market, highlighting its strategic pivot towards new energy solutions. The company did not disclose specific revenue or earnings figures for the quarter, but emphasized its growth in the geothermal sector, projecting it to contribute 10% to 15% of group EBITDA by 2030. Management reiterated its commitment to a 'value over volume' strategy, leveraging its premium tubular solutions to capture market share in the rapidly expanding geothermal market. No changes to financial guidance were mentioned.

Reported metrics

Guidance from management

Management maintained its guidance for the New Energies portfolio to contribute 10% to 15% of group EBITDA by 2030, with geothermal expected to be a major contributor.

What management said

Thank you, Bertrand. Let's turn to the conclusion on Slide 26. As we have highlighted today, next-generation geothermal is scaling rapidly with game-changing potential for structural tubular demand. We at Vallourec have the winning formula customized premium geothermal tubular products, decades of expertise, experience and a local asset footprint close to our customers. We will approach this major market opportunity ...

So regarding the first question, so what we are selling, we are selling OCTG, which have been tested under strict protocol defined by Fervo for enhanced geothermal application for their enhanced geothermal application. So maybe, Nora, you can describe a bit more what is the context and what is actually the request on Fervo in terms of technical tests compared to traditional oil and gas. But what we do primarily is ma...

What analysts pressed on

Analysts questioned the scalability of Vallourec's geothermal operations and the competitive landscape. Concerns were raised about the permitting process for geothermal projects and the company's ability to maintain high margins in a potentially crowded market.

Main topics on the call

• Geothermal Market Expansion — Vallourec is positioning itself as a leader in the geothermal sector, aiming to capture significant market share with its premium tubular solutions. Management stated, 'We expect geothermal to become the largest contribu...
• Partnership with Fervo Energy — Vallourec secured a 5-year supply agreement with Fervo Energy, valued at up to $800 million. This partnership underscores Vallourec's role in supporting next-generation geothermal projects with its advanced tubular produ...
• Technological Advancements — The company highlighted its R&D capabilities, noting successful tests of its VAM 21 connections at high temperatures. This positions Vallourec to meet the demanding requirements of next-generation geothermal wells.
• Market Potential and Addressable Market — Vallourec projects a fivefold increase in its addressable geothermal market by 2030, driven by increased electricity demand and technological advancements. The company is focusing on high-value markets in the U.S., Europ...

Read the full Vallourec S.A. transcript (June 15, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 Vallourec S.A. earnings call transcripts on record, spanning February 19, 2020 to July 30, 2026. Based on this history, Vallourec S.A. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

VK

Exchange

ENXTPA

Country

FR

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

33

First call

February 19, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly