- Galp’s refining margin for the third quarter was $4.70, a 39% decrease quarter-over-quarter, missing the estimate of $5.23.
- Average working interest production was 112,000 barrels of oil equivalent per day (boepd), a 10% decrease year-over-year, but it exceeded the estimate of 109,179 boepd.
- Working interest production in Brazil decreased by 3% year-over-year but increased by 6% quarter-over-quarter.
- Processed raw materials remained unchanged year-over-year at 22.4 million barrels of oil equivalent (mboe).
- Oil products supply, including volumes sold to the commercial segment, rose by 5% year-over-year and decreased by 5% quarter-over-quarter.
- Natural gas/LNG supply and trading volumes fell by 8% year-over-year and increased by 10% quarter-over-quarter.
- Oil products-client sales increased by 1% year-over-year, whereas natural gas sales rose by 18%.
- Renewable installed capacity stood at 1.5 gigawatts (GW), unchanged from the second quarter.
- The realized sale price for renewables in the third quarter fell by 38% year-over-year to €48/MW.
- Analysts’ consensus includes 8 buy ratings, 13 hold ratings, and 3 sell ratings.
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A look at Galp Energia Sgps Sa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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 has a promising long-term outlook according to Smartkarma Smart Scores. The company scores high in Growth and Resilience, indicating strong potential for future expansion and the ability to withstand challenges effectively. With a solid presence in key energy regions like Brazil, Angola, and Mozambique, Galp Energia is strategically positioned for growth. Additionally, its diversified downstream activities in Iberia further enhance its stability and market reach.
Despite lower scores in Value and Momentum, Galp Energia’s overall outlook remains positive, supported by a balanced performance across different factors. Investors may find the company attractive for its strong growth prospects and resilience in the volatile energy sector. With a focus on key regions and a well-established presence in downstream activities, Galp Energia is well-positioned to capitalize on emerging opportunities in the global energy market.
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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