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Galp Energia SGPS SA (GALP.LS)

GALP.LS on Lisbon Stock Exchange

12.52EUR
16 Aug 2019
Change (% chg)

€0.02 (+0.16%)
Prev Close
€12.50
Open
€12.61
Day's High
€12.66
Day's Low
€12.51
Volume
1,135,447
Avg. Vol
1,557,889
52-wk High
€17.93
52-wk Low
€12.43

Latest Key Developments (Source: Significant Developments)

Galp: The Bank Of New York Mellon Corp Decreases Its Indirect Holdings To 1.92%
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - Galp Energia SA ::SAYS THE BANK OF NEW YORK MELLON CORP NOTIFIED CO IT DECREASED ITS INDIRECT HOLDINGS IN GALP'S VOTING RIGHTS TO 1.92% FROM 2.01%.  Full Article

Galp: Capital Group Companies Inc. Reaches 2.10% Voting Rights
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Galp Energia SGPS SA ::SAID ON WEDNESDAY CAPITAL GROUP COMPANIES, INC. REGISTERED IN LOS ANGELES, CALIFORNIA, UNITED STATES, REACHED 2.10% OF VOTING RIGHTS IN GALP.  Full Article

Galp Energia Q2 Adjusted Net Profit Down At 200 Mln Euros YoY
Monday, 29 Jul 2019 

July 29 (Reuters) - Galp Energia SGPS SA ::Q2 ADJUSTED NET PROFIT 200 MILLION EUROS VERSUS 251 MILLION EUROS REPORTED YEAR AGO.Q2 ADJUSTED EBITDA 615 MILLION EUROS VERSUS 628 MILLION EUROS REPORTED YEAR AGO.Q2 REFINING MARGIN $3.0/BARREL VERSUS $6.0/BARREL YEAR AGO.Q2 TURNOVER 4.59 BILLION EUROS VERSUS 4.55 BILLION EUROS REPORTED YEAR AGO.SAYS FY 2019 CAPEX EXPECTED AT C.€0.9 BN (PREVIOUSLY C.€1 BN).BRENT PRICE NOW CONSIDERED AT C.$65/BBL (PREVIOUSLY C.$60/BBL) AND GALP REFINING MARGIN ASSUMED AT C.$4/BOE (PREVIOUSLY $5 – 6/BOE).SAYS FY 2019 ADJUSTED EBITDA ESTIMATED ABOVE 2.2 BILLION EUROS (PREVIOUSLY 2.1 – 2.2 BILLION EUROS).SAYS TO MAINTAIN WORKING INTEREST PRODUCTION GROWTH TARGET OF 8 – 12% YOY IN FY 2019.  Full Article

Galp Energia Finalises Deal For 58% Of Tagusgas For About 32 Mln Euros
Tuesday, 16 Jul 2019 

July 16 - Galp Energia SGPS SA ::SAYS SUBSIDIARY GALP GAS NATURAL DISTRIBUICAO HAS COMPLETED ACQUISITION OF 58.03% OF TAGUSGAS - EMPRESA DE GAS DO VALE DO TEJO, S.A. FOR ABOUT 32 MILLION EUROS nFWN2280R7.UPON CLOSING OF ACQUISITION, GALP HOLDS 99.36% OF SHARE CAPITAL OF TAGUSGAS.  Full Article

Portugal's Galp Energia Q1 Adj. Net Profit Down At 103 Mln Euros YoY
Monday, 29 Apr 2019 

April 29 (Reuters) - Galp Energia SGPS SA ::PORTUGAL'S GALP ENERGIA SAYS Q1 ADJUSTED EBITDA 494 MILLION EUROS VERSUS 455 MILLION EUROS REPORTED YEAR AGO.PORTUGAL'S GALP ENERGIA SAYS Q1 REFINING MARGIN $2.3/BARREL VERSUS $3.3/BARREL YEAR AGO.PORTUGAL'S GALP ENERGIA Q1 ADJUSTED NET PROFIT 103 MILLION EUROS VERSUS 135 MILLION EUROS REPORTED YEAR AGO.PORTUGAL'S GALP ENERGIA SAYS MAINTAINS FY 2019 PRODUCTION GUIDANCE OF 8%-12% GROWTH YOY.  Full Article

Galp Q4 Net Profit Down 42 Pct At 109 Mln Euros YoY
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Galp Energia SGPS SA ::Q4 ADJUSTED. EBITDA 493 MILLION EUROS VERSUS 476 MILLION EUROS YEAR AGO.Q4 REFINING MARGIN $4.3/BARREL VERSUS $4.9/BARREL YEAR AGO.Q4 ADJUSTED. NET PROFIT 109 MILLION EUROS VERSUS 189 MILLION EUROS YEAR AGO.SAYS NET DEBT TO EBITDA EXPECTED BELOW 1.0X FROM 2020.SEES 2019 EBITDA AT 2.1 BILLION EUROS TO 2.2 BILLION EUROS AND ABOVE 3 BILLION EUROS FROM 2020 ONWARDS.SEES REFINING MARGIN FOR 2019 AT $5.0-$6.0/BARREL, FOR 2020 $6.0-$7.0/BARREL.SEES ORGANIC FCF OF ABOUT 1 BILLION EUROS FROM 2020.SEES ORGANIC CFFO 2018-20 CAGR AT 10% - 15%.  Full Article

Galp To Start 3D Seismic Acquisition Campaign In Namibia
Monday, 21 Jan 2019 

Jan 21 (Reuters) - Galp Energia SGPS SA ::SAYS TO START A 3D SEISMIC ACQUISITION CAMPAIGN ON OFFSHORE NAMIBIA ON JANUARY 25..SEISMIC SURVEY TO COVER TOTAL AREA OF 3,000 KM2, CONDUCTED BY POLARCUS UK, LTD. AND EXPECTED TO BE COMPLETED BY MARCH 2019..PEL83 LICENSE WAS AWARDED BY MINISTRY OF MINES AND ENERGY OF NAMIBIA IN AUGUST 2016 TO CONSORTIUM LED BY GALP, THAT ALSO INCLUDES NAMIBIA'S NATIONAL PETROLEUM CORPORATION AND CUSTOS ENERGY..  Full Article

Eni says Area-4 partners secure commitments for Rovuma LNG project
Friday, 28 Dec 2018 

Dec 28 (Reuters) - Eni says::MOZAMBIQUE'S AREA 4 CO-VENTURE PARTICIPANTS HAVE SECURED LIQUEFIED NATURAL GAS OFF-TAKE COMMITMENTS FROM AFFILIATED BUYER ENTITIES.COMMITMENTS ENABLE PARTICIPANTS TO RAPIDLY MOVE TOWARD FINAL INVESTMENT DECISION IN 2019 ON THE FIRST PHASE OF ROVUMA LNG PROJECT.  Full Article

Galp: Consortium Submits Development Plan For Rovuma LNG Phase 1 in Mozambique
Monday, 9 Jul 2018 

July 9 (Reuters) - GALP ENERGIA SGPS SA ::SAYS MOZAMBIQUE'S AREA 4 CONSORTIUM SUBMITS DEVELOPMENT PLAN FOR THE ROVUMA LNG PHASE 1.SAYS PLAN INCORPORATES PROPOSAL FOR DESIGN AND CONSTRUCTION OF ONSHORE FACILITIES, COMPRISING TWO LNG TRAINS.  Full Article

Galp Energia Q1 Adjusted Net Profit Up At 135 Mln Euros YoY
Friday, 27 Apr 2018 

April 27 (Reuters) - Galp Energia SGPS SA ::Q1 ADJUSTED NET PROFIT 135 MILLION EUROS VERSUS 77 MILLION EUROS YEAR AGO.Q1 ADJUSTED EBITDA 455 MILLION EUROS VERSUS 388 MILLION EUROS YEAR AGO.Q1 REFINING MARGIN $3.3/BARREL VERSUS $5.1/BARREL YEAR AGO.  Full Article

Galp says Brazil oil rounds getting expensive, will be cautious

LISBON, July 29 Portugal's Galp Energia , whose cherry-picking in Brazilian oil licensing auctions since the mid-2000s has left it with one of the most enviable portfolios of stakes in offshore oil fields there, says new licences are getting too pricey.