KUNLUN ENERGY ( (KUNUF) ) has released its Q4 earnings. Here is a breakdown of the information KUNLUN ENERGY presented to its investors.
Kunlun Energy Company Limited, a Bermuda-incorporated entity, operates in the oil and gas sector, focusing on natural gas sales, LPG sales, LNG processing, and exploration and production activities.
Kunlun Energy’s latest earnings report for the year ending December 31, 2024, highlights a revenue increase of 5.5% to RMB 187,046 million and a slight rise in profit before income tax to RMB 12,635 million. The company reported a profit attributable to shareholders of RMB 5,960 million, marking a 4.9% increase from the previous year.
Key financial metrics show a 9.9% increase in total natural gas sales volume and an 8.1% rise in retail gas sales. The company maintained stable EBITDA levels and improved its core earnings per share by 3.5%. Additionally, Kunlun Energy’s interim and proposed final dividends per share rose by 11.28%, reflecting a commitment to shareholder returns.
Looking ahead, Kunlun Energy aims to capitalize on opportunities in the global natural gas industry, focusing on green and low-carbon development. The company plans to enhance its marketing strategies, expand its business model, and improve operational efficiency to sustain growth and deliver value to shareholders.