Vallourec stock gains 3.68 percent on new contracts

Published on 09/24/2026 at 20:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vallourec stock stood at EUR 19.41 on September 24, 2026, after a strong session in Paris. Q2 revenue fell 10 percent to USD 886 million, while EBITDA reached USD 176 million.

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Vallourec stock (ISIN FR0013506730) stood at EUR 19.41 on Euronext Paris on September 24, 2026, up 3.68 percent from the prior close. The move followed a series of project announcements, including a September 16 contract for Petrobras' Sepia 2 offshore development.

Brazil contract strengthens projects

According to Via Ritzau, Vallourec will supply Subsea7 with carbon steel seamless line pipe and thermal insulation coating for the Sepia 2 project in Brazil. The project is being developed by Petrobras in the pre-salt Santos Basin.

The company also won work for Greece's Prinos CO2 storage project, according to NTB on September 17, 2026. The combination gives Vallourec exposure to both offshore energy infrastructure and carbon storage.

Revenue fell 10 percent

Vallourec reported Q2 2026 revenue of USD 886 million, down 10 percent year over year, while physical volumes shipped declined 17 percent, according to XTB. The main Tubes division generated USD 811 million, while divisional EBITDA reached USD 176 million and adjusted earnings per share came to USD 0.18.

Management's Q3 2026 EBITDA outlook stood at USD 170 million to USD 210 million in the same report. That range places execution and volume recovery ahead of the contract headlines as the next operating test.

Stock stays below yearly high

At EUR 19.41 on September 24, 2026, the share price was EUR 8.26 below its 52-week high of EUR 27.67 and EUR 4.34 above its 52-week low of EUR 15.07. Vallourec's market capitalization was EUR 4,553,228,729 on the same date, giving the contracts a clear market backdrop without turning them into a valuation forecast.