- Galp’s 2Q adjusted EBITDA was €840 million, surpassing the estimated €716.1 million, but slightly down 1.1% year-over-year.
- Adjusted upstream EBITDA was €403.0 million, lower by 24% year-over-year, yet above the estimate of €399.1 million.
- Industrial and Midstream adjusted EBITDA rose significantly by 42% year-over-year, totaling €320 million against an estimate of €198.4 million.
- Adjusted EBIT came in at €662 million, a marginal increase of 0.3% year-over-year, outperforming the €509.9 million estimate.
- Upstream adjusted operating profit decreased by 28% year-over-year to €309.0 million, but exceeded the €292.2 million forecast.
- Industrial and Midstream adjusted EBIT sharply increased by 53% year-over-year, reaching €293 million compared to an expected €158.2 million.
- Galp’s revenue was reported at €5.03 billion, down 12% year-over-year, slightly below the estimated €5.08 billion.
- Adjusted net income was €373 million, a substantial 25% increase year-over-year, significantly higher than the €211.6 million estimate.
- Net debt rose by 22% year-over-year to €1.42 billion, above the forecasted €1.33 billion.
- Galp has increased its 2025 RCA EBITDA guidance to more than €2.7 billion.
- The company anticipates 2025 upstream production to be around 105-110 Kboepd.
- It raised its 2025 Industrial and Midstream EBITDA guidance to over €800 million, factoring in contributions from Venture Global LNG volumes and an improved macroeconomic environment, particularly in natural gas prices.
- Galp maintains its guidance for a realized refining margin around $6/boe.
- Co-CEOs emphasized the importance of securing a strong partnership in Namibia PEL 83, stating progress thus far reinforces confidence in its successful completion.
- Analyst recommendations include 16 buys, 7 holds, and 2 sells.
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A look at Galp Energia Sgps Sa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Galp Energia Sgps Sa, an integrated energy company with diversified global operations, is positioned for a positive long-term outlook. The company scores well in Growth and Resilience, indicating strong potential for expansion and ability to withstand challenges. With a solid foundation in the South Atlantic region, including key areas in Brazil and Angola, as well as strategic investments in Mozambique, Galp Energia is poised for sustained growth in the energy sector.
While the company’s Momentum score is more moderate, its overall Value and Dividend scores reflect stability and income potential. This combination of factors suggests a balanced approach to investment in Galp Energia, leveraging growth opportunities while benefiting from consistent dividends and inherent resilience in its operations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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