Galp Energia SGPS Third Quarter 2024 Earnings: Revenues Beat Expectations

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.

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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