PTG ENERGY Plc. (PTG): 2Q26 Returned to Profit but Remained Weak as Expected on Lower Oil Sales Volume - Neutral (12M FWD Fair Value Bt7.15)
2Q26 net profit returned to positive territory but remained weak, as expected, at Bt74mn (-76% YoY), as oil sales volume fell to 1,439mn liters,...
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Tight Global Diesel Supply Keeps Cracks/GRMs High Longer; Marketing Margins at Risk
Global diesel supply could tighten further if the US restricts diesel exports, a measure under consideration. This could keep diesel crack spreads...
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PTG ENERGY Plc. (PTG): 2Q26E Expected to Return to Profit, but Remain Weak - Neutral (12M FWD Fair Value Bt7.15)
We expect PTG to return to a modest net profit of Bt74mn in 2Q26E (-76% YoY), driven by oil sales volume falling to 1,428mn liters, the lowest...
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PTG ENERGY Plc. (PTG): Turned To A Loss In 1Q26
PTG turned to a net loss of Bt205mn in 1Q26, in line with expectations, due to a sharp contraction in marketing margins to Bt1.29/litre.
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PTG ENERGY Plc. (PTG): Expected To Swing To A Loss In 1Q26E On Weak Marketing Margins...
We cut our 2026–28E net profit forecasts by 39%/17%/16% to reflect lower marketing margins and fuel sales volumes, alongside rising SG&A.
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