The company published its Q3 15 report with better net results at €180m vs. €153m expected. EBITDA was in line with the consensus at €411m. By division: 1) E&P EBITDA came in at €89m, down from €132m a year ago and down from €120m in Q2 15. Production was up by 44% and reached 45.7kbpd with Brazil up 77% accounting for 86%. The start-up of production of FPSO 3 and 4 increased production costs by €12m to €35m. 2) R&M EBITDA came in at €245m,
27 Oct 2015
Refining 60% of EBITDA, guidance maintained. What about Q4 15?
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Refining 60% of EBITDA, guidance maintained. What about Q4 15?
Galp Energia, SGPS S.A. Class B (GZ5:FRA) | 0 0 1.5% | Mkt Cap: 11,340m
- Published:
27 Oct 2015 -
Author:
Alexandre Andlauer -
Pages:
3
The company published its Q3 15 report with better net results at €180m vs. €153m expected. EBITDA was in line with the consensus at €411m. By division: 1) E&P EBITDA came in at €89m, down from €132m a year ago and down from €120m in Q2 15. Production was up by 44% and reached 45.7kbpd with Brazil up 77% accounting for 86%. The start-up of production of FPSO 3 and 4 increased production costs by €12m to €35m. 2) R&M EBITDA came in at €245m,