Earnings Alerts

Qatar Gas Transport Company Ltd. (Nakilat) (QGTS) Earnings: 9M Net Income Climbs 7.2% to 1.28B Riyals

By October 20, 2024 No Comments
  • Nakilat reported a net income of 1.28 billion riyals for the first nine months of 2024.
  • This represents a 7.2% increase compared to the previous year’s net income of 1.19 billion riyals.
  • Earnings per share (EPS) rose to 0.23 riyals from 0.21 riyals year-over-year.
  • Current analyst recommendations include 5 buy ratings, no hold ratings, and 1 sell rating.

A look at Qatar Gas Transport Company Ltd. (Nakilat) Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience2
Momentum2
OVERALL SMART SCORE2.6

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

Qatar Gas Transport Company Ltd. (Nakilat) is facing a mixed outlook based on the Smartkarma Smart Scores. While the company shows strong potential for growth and dividends, it lags behind in terms of value, resilience, and momentum. Nakilat, which owns and operates a fleet of LNG and gas derivative vessels, holds promise in terms of expanding its operations and rewarding its investors with dividends.

Investors may find Qatar Gas Transport Company Ltd. (Nakilat) an interesting bet for long-term growth and income potential, given its favorable scores in growth and dividends. However, caution is advised considering the lower scores in value, resilience, and momentum, indicating underlying challenges that the company may need to navigate in the future. Nakilat’s position as an LNG and gas vessel operator exporting to key markets like Asia, Europe, and North America provides a solid foundation for growth, attracting investors seeking exposure to the energy transportation sector.

Summary: Qatar Gas Transport Company Ltd. (Nakilat) owns, operates, and leases a fleet of LNG and gas derivative vessels, exporting gas to Asia, Europe, and North America.


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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