Stock Analysis

Galp Energia SGPS Third Quarter 2024 Earnings: Revenues Beat Expectations

ENXTLS:GALP
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Galp Energia SGPS (ELI:GALP) Third Quarter 2024 Results

Key Financial Results

  • Revenue: €5.66b (up 4.9% from 3Q 2023).
  • Net income: €269.0m (down 11% from 3Q 2023).
  • Profit margin: 4.8% (down from 5.6% in 3Q 2023). The decrease in margin was driven by higher expenses.
earnings-and-revenue-growth
ENXTLS:GALP Earnings and Revenue Growth October 29th 2024

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 14%.

Looking ahead, revenue is expected to fall by 1.6% p.a. on average during the next 3 years compared to a 1.5% decline forecast for the Oil and Gas industry in Europe.

Performance of the market in Portugal.

The company's shares are down 5.7% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Galp Energia SGPS (at least 1 which makes us a bit uncomfortable), and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.