Hellenic Petroleum - Q2 beat driven by refining over-performance
Hellenic Petroleum reported Q2 adjusted EBITDA of €187m, 14% ahead of market consensus and an 18% decrease y-o-y. Realised margins at $10.6/bbl...
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Hellenic Petroleum - Refining estimates and valuation
A recovery in benchmark margins in February and March 2018 will offer relief to investors after a crude oil rally compressed margins in Q417. In...
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Hellenic Petroleum - Q4 strong ops performance, weaker margins
Hellenic Petroleum reported Q4 adjusted EBITDA of €170m, a 20.9% decrease y-o-y, 7.7% below our Q417 estimates. This reduction was primarily due to...
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Hellenic Petroleum - A refined Mediterranean player
Hellenic Petroleum (ELPE) owns three refineries (accounting for 65% of total Greek refinery output), while having a substantial marketing and...
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