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Galp Energia SGPS SA (GALP.LS)

GALP.LS on Lisbon Stock Exchange

13.43EUR
22 Mar 2017
Change (% chg)

€0.05 (+0.41%)
Prev Close
€13.37
Open
€13.32
Day's High
€13.44
Day's Low
€13.23
Volume
1,546,646
Avg. Vol
1,377,113
52-wk High
€14.85
52-wk Low
€10.31

Latest Key Developments (Source: Significant Developments)

Galp says to break even at oil prices below $35/bbl from 2019
Tuesday, 21 Feb 2017 04:23am EST 

Galp Energia Sgps Sa : Galp says cash breakeven price around $65/bbl in 2016-18 and below $35/bbl in 2019-21 . Galp says expects upstream technical costs to fall below $20/boe after 2020 . Galp says targets 2016-21 production growth of 15-20 percent from sanctioned projects Further company coverage: [GALP.LS] (London Equities Newsroom) ((+44 20 7542 7717;)).  Full Article

Galp Energia Q4 adj net profit down at 121 mln euros, below analysts estimate
Tuesday, 21 Feb 2017 01:49am EST 

Portugal's Galp Energia SA : Q4 adjusted EBITDA 396 million euros ($419.1 million) versus average analysts estimate 412 million euros . Q4 adjusted net profit 121 million euros versus average analysts estimate 133 million euros .Q4 refining margin $5.2/barrel versus $4.1/barrel year ago.  Full Article

Portugal's Galp Q4 total natural gas sales up 10 pct; sales of refined products down 2 pct
Tuesday, 31 Jan 2017 02:16am EST 

Portugal's Galp Energia SA : Q4 oil and gas working interest output up 63.2 percent at 84,900 barrels of oil equivalent per day year on year . Q4 oil output up 54.5 percent at 75,600 barrels per day year on year . Q4 sales of refined products to direct clients down 2.0 percent at 2.2 million tonnes year on year . Crude processed in Q4 up 0.2 percent year on year, with 28.8 million barrels refined .Q4 total natural gas sales up 10.0 percent at 1.86 billion cubic meters year on year.  Full Article

Portugal's Galp Q3 oil and gas working interest output up 62.1 percent YoY
Friday, 14 Oct 2016 02:21am EDT 

Galp Energia SGPS SA : Q3 oil and gas working interest output up 62.1 percent to 74,000 barrels of oil equivalent per day YoY . Q3 oil output up 63.0 percent to 68,800 barrels per day YoY . Crude processed in Q3 down 1.4 percent YoY, with 29.4 million barrels refined . Q3 sales of refined products to direct clients down 4.8 percent to 2.3 million tonnes YoY .Q3 total natural gas sales down 8.4 percent to 1.75 billion cubic metres yoy.  Full Article

Galp unit issued 600 million euro medium term notes
Tuesday, 20 Sep 2016 07:37am EDT 

Galp Gas Natural Distribuicao SA: Says completes issue of Euro Medium Term Notes totaling 600.0 million euros ($670.9 million) with maturity in 2023 .Says notes are issued at 1.375 percent coupon, with BoAML, JP Morgan and Banco Santander acting as joint-book runners.  Full Article

Galp Energia Q2 EBITDA down 25 pct at 337 mln euros YoY
Friday, 29 Jul 2016 01:57am EDT 

Galp Energia SA : Q2 adjusted EBITDA 337 million euros ($373.3 million) versus 447 million euros year ago . Q2 adjusted net profit 133 million euros versus 189 million euros year ago . Q2 refining margin $4.6/barrel versus $7.3/barrel year ago .Says EBITDA hit by lower oil prices and refining margins.  Full Article

Marubeni to acquire minority stake in Portuguese gas supplier-Nikkei<8002.T>
Thursday, 28 Jul 2016 02:40pm EDT 

Nikkei: Marubeni & other investors to form special-purpose co that will buy 20%-plus interest in Galp Gas Natural Distribuicao -Nikkei . The deal will leave Marubeni Holding a roughly 10% stake in GGND, worth an estimated 10 billion yen or so - Nikkei .  Full Article

Portugal's Galp sales of refined products to direct clients down 2.2 pct yoy
Friday, 15 Jul 2016 02:06am EDT 

Galp Energia SGPS SA : Q2 oil and gas working interest output up 24.9 percent to 54,700 barrels of oil equivalent per day yoy . Q2 oil output up 27.6 percent to 51,700 barrels per day yoy . Crude processed in Q2 down 11.6 percent yoy, with 26.3 million barrels refined . Q2 sales of refined products to direct clients down 2.2 percent to 2.3 million tonnes yoy .Q2 total natural gas sales down 14.8 percent to 1.59 billion cubic meters yoy.  Full Article

Galp Energia SGPS SA proposes FY 2015 dividend payment
Tuesday, 5 Apr 2016 02:38pm EDT 

Galp Energia SGPS SA:Says it will propose to the general meeting FY 2015 dividend payment totaling 343.9 million euros, corresponding to 0.41472 euro per share.The amount to be paid to shareholders in 2016 related to the year of 2015, will be of 172.0 million euros (0.20736 euro/shr).In Sept. 2015 an interim dividend was paid, as an advance dividend payment, amounting to 172.0 million euros.  Full Article

Galp Energia SGPS SA - Galp workers union calls off Monday strike and goes to court - Reuters
Sunday, 27 Dec 2015 10:16am EST 

Galp Energia SGPS SA:The union representing workers at Portugal's Galp Energia GALP.LS has called off a three-day strike at the company's two refineries scheduled to start at midnight (0000 GMT), union Fiequimetal said on Sunday. - RTRS.Fiequimetal spokesman Armando Farias said the decision was taken after the government decreed minimum services had to be maintained at the refineries, which prevented workers from stopping any refinery units - RTRS."We expect to overturn the government's decree, which effectively denies workers their right to strike, in court and will call a new strike later. On Dec. 30 there will be a meeting to decide on a plan of action for January," he said. - RTRS.The union called the walkout to protest against Galp's moves against collective hiring, and to demand higher salaries. - RTRS.Galp operates two refineries in Portugal, in Matosinhos in the north and in Sines in the south of the country, with a total capacity of 330,000 barrels of crude per day. - RTRS.  Full Article

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