PTT Exploration and Production ( (PEXNY) ) has released its Q4 earnings. Here is a breakdown of the information PTT Exploration and Production presented to its investors.
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PTT Exploration and Production Public Company Limited is a leading Thai company in the oil and gas sector, specializing in the exploration and production of petroleum and natural gas resources. The company operates globally, contributing significantly to Thailand’s energy supply.
In its latest earnings report for the fiscal year ending December 31, 2024, PTT Exploration and Production reported a solid financial performance with a slight increase in profit compared to the previous year. The company’s comprehensive income reflected positive adjustments, despite currency translation challenges.
Key financial highlights include a total revenue increase to $9.27 billion, driven by higher sales and pipeline transportation revenues. The company’s operating expenses rose slightly, but were offset by an increase in interest and foreign exchange income. Profit before income taxes reached $3.85 billion, showcasing the company’s strong operational efficiency.
PTT Exploration and Production also reported an increase in total assets, amounting to $28.4 billion, reflecting strategic investments in property, plant, and equipment. The company’s robust cash flow from operating activities, totaling $5.72 billion, underlined its strong cash generation capability.
Looking ahead, PTT Exploration and Production intends to continue its focus on strategic expansion and efficiency improvements to bolster its position in the global energy market. The management remains optimistic about future growth prospects, leveraging ongoing investments and innovations in energy exploration and production.