Galp Energia SGPS Second Quarter 2024 Earnings: Revenues Beat Expectations

Galp Energia SGPS (ELI:GALP) Second Quarter 2024 Results

Key Financial Results

• Revenue: €5.86b (up 17% from 2Q 2023).
• Net income: €362.0m (up 44% from 2Q 2023).
• Profit margin: 6.2% (up from 5.0% in 2Q 2023). The increase in margin was driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Galp Energia SGPS Revenues Beat Expectations

Revenue exceeded analyst estimates by 15%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.0% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Portugal.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Galp Energia SGPS has 2 warning signs (and 1 which shouldn't be ignored) we think you should know about.

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