External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Sui Northern Gas Pipelines Limited / Equity Bottom-Up

Sui Northern Gas Pipelines Limited (SNGP PA)

<ul><li>Sui Northern Gas Pipeline (SNGP) conducted its analyst briefing where management discussed financial performance and future outlook.</li><li>Unaccounted for Gas (UFG) has declined to 4.93%, marking an annual volumetric reduction of 4% (from 32.6 bcf to 31.3 bcf), reaching its lowest level in 18 years.</li><li>The company achieved new gas connectivity of 95 mmcfd with the completion of the Shaheed Fahad Ashfaq Project, and integrated the Bannu West-1 and Wali gas fields into its network.</li></ul>

Sui Northern Gas Pipeline (SNGP) conducted its analyst briefing where management discussed financial performance and future outlook.Unaccounted for Gas (UFG) has declined to 4.93%, marking an annual volumetric reduction of 4% (from 32.6 bcf to 31.3 bcf), reaching its lowest level in 18 years.The company achieved new gas connectivity of 95 mmcfd with the completion of the Shaheed Fahad Ashfaq Project, and integrated the Bannu West-1 and Wali gas fields into its network.

Topline Flash Note: Sui Northern Gas Pipeline (SNGP): Corporate Briefing Key Takeaways