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Galp Energia SGPS SA (GALP.LS)

GALP.LS on Lisbon Stock Exchange

14.90EUR
22 Sep 2017
Change (% chg)

€0.37 (+2.51%)
Prev Close
€14.53
Open
€14.54
Day's High
€14.90
Day's Low
€14.49
Volume
1,668,989
Avg. Vol
1,164,187
52-wk High
€14.90
52-wk Low
€11.44

Latest Key Developments (Source: Significant Developments)

Ecoslops ‍implements deal with Galp to supply refined cut
Monday, 11 Sep 2017 11:36am EDT 

Sept 11 (Reuters) - ECOSLOPS SA ::‍IMPLEMENTATION OF A LONG TERM AGREEMENT WITH GALP <<>> FOR SUPPLY OF REFINED CUT TO SINES REFINERY OF GALP ​.‍SUPPLY AGREEMENT UNDER WHICH GALP WILL PURCHASE REFINED CUT PRODUCED BY ECOSLOPS AT MARKET PRICE AT ITS REFINERY AT SINES.​.‍AGREEMENT, SCHEDULED TO LAST UNTIL END OF 2020.​.  Full Article

Galp to pay interim dividend of 0.25 eur/shr
Friday, 1 Sep 2017 02:05am EDT 

Sept 1 (Reuters) - GALP ENERGIA SGPS SA ::SAID ON THURSDAY WILL PAY INTERIM GROSS DIVIDEND OF 0.25 EUROS/SHARE ON SEPT. 21.  Full Article

Galp Energia Q2 adjusted net profit up 14 pct at 151 mln euros
Monday, 31 Jul 2017 02:11am EDT 

July 31 (Reuters) - GALP ENERGIA SGPS SA ::Q2 SALES 3.63 BILLION EUROS VERSUS 3.11 BILLION EUROS YEAR AGO.Q2 ADJUSTED NET PROFIT 151 MILLION EUROS VERSUS 133 MILLION EUROS YEAR AGO.Q2 EBITDA 422 MILLION EUROS VERSUS 366 MILLION EUROS YEAR AGO.Q2 REFINING MARGIN 5.7 $/BARREL VERSUS $4.6/BARREL YEAR AGO.2017 GROUP EBITDA NOW EXPECTED ABOVE INITIAL GUIDANCE.2017 GROUP CAPEX ESTIMATED AT 1.0 BILLION EUROS.MAINTAINS PRODUCTION GUIDANCE.SEES FY EBITDA OF 1.5 BILLION EUROS – 1.6 BILLION EUROS.EBITDA AFFECTED BY LOWER BRENT PRICE AND HIGHER UNIT COSTS DUE TO MAINTENANCE STOPPAGES AND START-UP OF FPSO #7.  Full Article

Galp Energia Q2 sales of refined products to direct clients up 0.8 pct yoy
Monday, 17 Jul 2017 02:24am EDT 

July 17 (Reuters) - GALP ENERGIA SA ::Q2 OIL AND GAS WORKING INTEREST OUTPUT UP 64.2 PERCENT AT 89,900 BARRELS OF OIL EQUIVALENT PER DAY YEAR ON YEAR.Q2 OIL OUTPUT UP 51 PERCENT AT 78,000 BARRELS PER DAY YEAR ON YEAR.CRUDE PROCESSED IN Q2 UP 13.9 PERCENT YEAR ON YEAR, WITH 30.0 MILLION BARRELS REFINED.Q2 SALES OF REFINED PRODUCTS TO DIRECT CLIENTS UP 0.8 PERCENT AT 2.3 MILLION TONNES YEAR ON YEAR.Q2 TOTAL NATURAL GAS SALES UP 8.3 PERCENT AT 1.73 BILLION CUBIC METRES YEAR ON YEAR.  Full Article

Galp Energia ratifies decision to invest in Coral South FLNG project
Thursday, 1 Jun 2017 12:52pm EDT 

June 1 (Reuters) - GALP ENERGIA SA ::SAYS AREA 4 CONSORTIUM IN MOZAMBIQUE RATIFIES FINAL INVESTMENT DECISION (FID) FOR THE CORAL SOUTH FLNG PROJECT.SAYS TOTAL DEVELOPMENT CAPEX FOR UPSTREAM AND MIDSTREAM IS ESTIMATED AT $7 BILLION AND FIRST GAS IS EXPECTED DURING 2022.SAYS AREA 4 CONSORTIUM HAS ALSO SIGNED ABOUT $5 BILLION PROJECT FINANCING PACKAGE WITH SYNDICATE OF LEADING ECAS AND INTERNATIONAL FINANCIAL INSTITUTIONS.  Full Article

Galp Q1 adjusted net profit down at 99 mln euros
Tuesday, 2 May 2017 02:11am EDT 

May 2 (Reuters) - Galp Energia SA ::Q1 adjusted net profit 99 million euros ($108.1 million)versus 114 million euros year ago.Says Q1 adjusted net profit was impacted by a swing in the mark-to-market of hedging derivatives and by an increase in taxes.Q1 adjusted EBITDA 419 million euros versus 293 million euros year ago, with the performance of Refining & Marketing and Exploration & Production offsetting the lower Gas & Power contribution.Q1 refining margin $5.1/barrel versus $4.1/barrel year ago.  Full Article

Portugal's Galp Q1 sales of refined products to direct clients down 2.7 pct yoy
Tuesday, 18 Apr 2017 02:03am EDT 

April 18 (Reuters) - Galp Energia SGPS SA ::Q1 oil and gas working interest output up 56.1 percent at 88,000 barrels of oil equivalent per day year on year.Q1 oil output up 45.5 percent at 76,900 barrels per day year on year.Crude processed in Q1 up 3.8 percent year on year, with 26.1 million barrels refined.Q1 sales of refined products to direct clients down 2.7 percent at 2.1 million tonnes year on year.Q1 total natural gas sales up 7.9 percent at 2.01 billion cubic meters year on year.  Full Article

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

Union seeks partial stoppage at Portugal Galp refineries on July 26-31

LISBON The union representing workers at Portugal's Galp Energia has called a six-day strike at the company's two refineries staring on July 26 to demand that Galp resume a collective bargaining agreement.