Vopak stock: Vopak reports EUR 100 million buyback. Kepler sets EUR 68 target for Vopak stock

Published on 10/24/2026 at 02:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The program covered 1,514,949 shares by October 19, 2026. November 4 results are next for Vopak stock, with 91.00 percent occupancy.

Capital returns and growth dates

Vopak disclosed EUR 100 million of planned buybacks on October 19, 2026.
First-half 2026 occupancy stood at 91.00 percent and proportional EBITDA reached EUR 600 million.
Vopak's third-quarter 2026 interim update is scheduled for November 4, 2026.

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Vopak (ISIN NL0009432491) disclosed EUR 100 million of planned share buybacks on October 19, 2026, covering 1,514,949 shares acquired since the program began. The update came ahead of the company's third-quarter interim report scheduled for November 4, 2026.

Buyback reaches EUR 70.5 million

According to MarketScreener, Vopak had spent EUR 70.5 million on the program by October 19, 2026, at an average purchase price of EUR 46.55 per share. The latest weekly tranche covered 42,579 shares and required EUR 2.2 million.

The chronology points to a broader capital and growth plan. On July 2, 2026, Vopak committed EUR 230 million to a Dutch battery storage project, while on October 14, 2026, Vattenfall secured access to 100 MW and 400 MWh of capacity in a planned 150 MW facility, as Energy Storage News reported.

What does the growth plan mean?

Vopak's first-half 2026 occupancy rate was 91.00 percent, while proportional EBITDA rose 5.00 percent year over year to EUR 600 million, according to the Yahoo Finance transcript. Management raised its full-year 2026 proportional EBITDA outlook to EUR 1.18 billion to EUR 1.22 billion.

The battery-storage expansion adds a new investment channel alongside Vopak's terminal network. The October 14 project is expected to begin commercial operations in the second quarter of 2028, giving the company a dated route from development spending to contracted capacity.

Analyst target and reporting date

Markets Insider reported on October 15, 2026, that Kepler Cheuvreux upgraded Vopak to Buy from Hold and set a EUR 68.00 price target. The next scheduled date is November 4, 2026, when Vopak plans to publish its third-quarter 2026 interim update, according to the company's investor calendar.

Capital returns meet expansion

For investors, the important combination is measurable shareholder distribution and a pipeline that reaches beyond traditional storage. The buyback had used EUR 70.5 million of its EUR 100 million tranche by October 19, 2026, while the battery project adds 400 MWh of contracted capacity to the development portfolio.

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