Orlen flags PLN 1.6 billion impairment. Orlen stock trades at EUR 34.69 with PLN 176.6 billion value

Published on 10/23/2026 at 09:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter estimates show 4,285 thousand boe, down 8.00 percent year over year. Orlen stock costs EUR 34.69 on October 23, 2026.

Quarterly estimates and market value

ORLEN estimated PLN 1.6 billion in impairment charges for the third quarter on October 22, 2026.
Crude production was estimated at 4,285 thousand boe for the third quarter, down 8.00 percent year over year.
Orlen stock trades at EUR 34.69 at 9:41 a.m. CEST at Lang & Schwarz on October 23, 2026.

Orlen, PLPKN0000018, Illustration mit AI erstellt.

Orlen (PLPKN0000018) was trading at EUR 34.69 at Lang & Schwarz on October 23, 2026, while the company estimated PLN 1.6 billion in impairment charges for the third quarter. The announcement dated October 22, 2026, also showed weaker upstream volumes and a November 5 reporting date, according to pb.pl.

Impairment charges reshape the estimate

ORLEN said the estimated PLN 1.6 billion charge would relate mainly to the Downstream segment and the New Chemistry project. The company also identified PLN 0.8 billion of charges in Energy and PLN 0.8 billion of reversals in Upstream and Supply, so the final figure can change after the auditor review, according to pb.pl.

What does the estimate mean for output?

Crude, condensate and natural gas liquids production was estimated at 4,285 thousand boe in the third quarter, down 8.00 percent from the third quarter of 2025. Natural gas production was 21.6 TWh, down 7.00 percent year over year, while refining capacity utilization reached 94 percent, unchanged from the comparable quarter, according to pb.pl.

Three dates frame the stock

On September 24, 2026, Orlen announced a forced buyout of residual Energa shares at PLN 27.60 per share, according to Business Insider.

On October 15, 2026, market sources indicated that Orlen would receive at least four Saudi crude cargoes during October, according to Marketscreener.

On October 22, 2026, ORLEN released the third-quarter operating estimates and disclosed the PLN 1.6 billion impairment estimate, according to pb.pl.

Next results arrive November 5

ORLEN said the final consolidated third-quarter report is due on November 5, 2026, after the estimated operating data and impairment tests are reviewed. That date gives investors a defined point for checking whether the PLN 1.6 billion estimate changes in the audited figures.

Stock value and trading context

The stock was trading at EUR 34.69 at Lang & Schwarz on October 23, 2026, at 9:41 a.m. CEST. The primary Warsaw listing was quoted at PLN 152.12 in the finance snapshot dated October 23, 2026, while the reported market capitalization was PLN 176.6 billion. The current picture combines a sizable accounting estimate with lower upstream production and a firm refining utilization rate.

The further course of trading is shown by the continuously updated real-time quote of Orlen stock.