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...
55 Views
Crude Becomes Bipolar Amid Suspense over OPEC/Non-OPEC Supply Plans
Crude futures were firming early Thursday in Asia after closing weaker on Wednesday — WTI more so than Brent — in response to a surprising and...
90 Views
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...
76 Views
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...
71 Views
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...
63 Views