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

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).

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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