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Galp Energia SGPS SA (GLPEY)
OTHER OTC:GLPEY
Earnings Data
Report Date
Jul 21, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.26Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 28, 2025
|% Change Since: 15.90%
|Next Earnings Date:Jul 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Galp's strong financial resilience and strategic execution in a volatile market, with successful divestments and a positive outlook in Namibia. However, operational challenges due to maintenance and weather-related disruptions were noted. The sentiment leans towards strong, but cautious optimism.Company Guidance
In Galp's first quarter 2025 results presentation, the management provided insights into their strategic approach and financial outlook amid market volatility. They highlighted a disciplined capital expenditure (CapEx) strategy aiming for tighter net CapEx spending, already showcasing a 20% reduction from previous periods. The company maintained a resilient financial position, with an upstream cash breakeven of $20 per barrel, and did not update its financial guidance despite macroeconomic uncertainties. Galp reported a production figure of 104,000 barrels, affected by planned maintenance, and noted a significant €870 million cash inflow from divestments in Mozambique and Angola. Additionally, they emphasized ongoing data integration and potential partnerships in Namibia, projecting a partnership decision by Q4, while maintaining a cautious approach without committing to a strict timeline. Overall, the company underscored its focus on disciplined execution and long-term value creation.Strong Financial Position
Galp's upstream operating base runs on a cash breakeven of $20 per barrel, enabling resilience against market volatility. The company also completed the divestment of its stake in Mozambique Area 4 and received a final earnout from Angola, translating into €870 million in cash.
Namibia Exploration Success
In Namibia, well number 5 was safely drilled, unlocking the Southeast region of the Mopane complex. The company is engaging with potential partners for a value-accretive partnership.
Solid Performance in Midstream
The midstream segment showed strong performance with the first cargo from Venture Global lifting on April 15th, which was not included in the 2025 guidance.
Robust Contributions in Iberian Businesses
Galp's Iberian businesses contributed robustly, offsetting slightly weaker upstream performance due to planned maintenance.
GLPEY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GLPEY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2025 | $7.86 | $7.63 | -2.93% |
Oct 28, 2024 | $8.90 | $8.46 | -4.94% |
Jul 22, 2024 | $10.04 | $10.30 | +2.59% |
Apr 30, 2024 | $10.61 | $10.49 | -1.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Galp Energia SGPS SA (GLPEY) report earnings?
Galp Energia SGPS SA (GLPEY) is schdueled to report earning on Jul 21, 2025, TBA Not Confirmed.
What is Galp Energia SGPS SA (GLPEY) earnings time?
Galp Energia SGPS SA (GLPEY) earnings time is at Jul 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is GLPEY EPS forecast?
Currently, no data Available