- Galp’s first quarter refining margin was $12, representing a 97% increase quarter-on-quarter, exceeding the estimate of $7.73.
- Average net entitlement production stood at 115,000 barrels of oil equivalent per day (boepd), a drop of 4.2% year-on-year.
- The average working interest production was 116,000 boepd, down by 3.6% year-on-year, which was below the estimate of 121,720.
- Processed raw materials saw a rise of 15%.
- There was a decrease in working interest production in Brazil by 7% year-on-year and 9% quarter-on-quater.
- In the industrial and midstream division, there was a 3% year-on-year increase in oil products supply volume.
- Natural gas/Liquefied Natural Gas (LNG) supply and trading volumes experienced a 12% year-on-year increase.
- Within the commercial division, the first quarter saw oil products client sales decrease by 5% year-on-year.
- Natural gas-client sales and electricity-client sales saw a year-on-year increase of 12% and 82% respectively.
- The renewable energy installed capacity stood at 1.4 GW at the end of the first quarter.
- The first quarter realized sale price was €56/MWh, marking a decrease of 48% year-on-year.
- Galp had six buys, twelve holds, and six sells at the end of first quarter.
A look at Galp Energia Sgps Sa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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, an integrated energy company with diversified activities worldwide, is poised for a positive long-term outlook based on Smartkarma Smart Scores. With impressive scores in Growth, Resilience, and Momentum, the company demonstrates strong potential for expansion, adaptability in challenging environments, and sustained market performance. These factors indicate a promising trajectory for Galp Energia Sgps Sa in the energy sector.
Galp Energia Sgps Sa‘s focus on the prolific South Atlantic region, particularly in Brazil and Angola, as well as its presence in Mozambique’s Rovuma basin, underscores its strategic positioning in key markets. Additionally, its downstream activities in Iberia further enhance its market reach. Combining this strategic positioning with favorable Smart Scores in Dividend and Value, Galp Energia Sgps Sa appears well-positioned for long-term growth and stability, making it a company to watch in the evolving energy landscape.
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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