- Refining margin for 2Q was $7.70, a 36% decrease quarter-over-quarter, slightly missing the $7.75 estimate.
- Average net entitlement production was 106,000 barrels of oil equivalent per day (boepd), a 9.4% drop year-over-year.
- Average working interest production also hit 106,000 boepd, down 9.5% year-over-year and missing the 117,924 boepd estimate.
- Galp processed 9% more raw materials in 2Q.
- 2Q working interest production in Brazil declined 5% year-over-year and 1% quarter-over-quarter.
- 2Q oil products supply saw a 9% year-over-year increase.
- Supply and trading volumes for natural gas and LNG fell by 15% year-over-year.
- In the commercial division for 2Q:
- Oil products-client sales were up by 1% year-over-year.
- Natural gas-client sales increased by 18% year-over-year.
- Electricity-client sales surged by 95% year-over-year.
- Galp’s installed renewable capacity reached 1.5 GW in 2Q, up from 1.4 GW in 1Q.
- The realized sale price for renewables in 2Q was €17/MWh, down from €56/MWh in 1Q.
- Investment analyst recommendations: 9 buys, 14 holds, and 1 sell.
“`
A look at Galp Energia Sgps Sa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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, S.A., an integrated energy company with global operations, is poised for a bright long-term future based on the Smartkarma Smart Scores. With strong momentum and growth potential, the company is positioned to expand its presence in key regions such as Brazil, Angola, and Mozambique. Additionally, its resilience in navigating market challenges and a moderate focus on value and dividend aspects contribute to a solid overall outlook.
In essence, Galp Energia Sgps Sa‘s favorable Smart Scores, particularly in growth and momentum, reflect its promising prospects for the future. As an energy player with operations in strategic areas like the South Atlantic and Iberia, the company demonstrates a balanced focus on key factors essential for long-term success in the sector.
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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