Qatar Gas Transport Company Limited (Nakilat) (QPSC) Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St

October 22, 2024

Qatar Gas Transport Company Limited (Nakilat) (QPSC) (DSM:QGTS) Third Quarter 2024 Results

Key Financial Results

Revenue: ر.ق924.5m (up 1.3% from 3Q 2023).
Net income: ر.ق446.3m (up 7.5% from 3Q 2023).
Profit margin: 48% (up from 46% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
EPS: ر.ق0.08 (up from ر.ق0.07 in 3Q 2023).

earnings-and-revenue-growth — DSM:QGTS Earnings and Revenue Growth October 22nd 2024

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

Qatar Gas Transport Company Limited (Nakilat) (QPSC) Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Asia are expected to remain flat.

Performance of the market in Qatar.

The company's shares are down 3.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Qatar Gas Transport Company Limited (Nakilat) (QPSC) that you need to take into consideration.

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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.