The company reported its Q1 17 results, with little details. Adjusted Ebitda came in at $419m compared with the €430m expected. The E&P division was the main contributor for the second consecutive quarter. By division 1) In the Exploration&Production division, Ebitda came in at €204m, up €155m from Q1 16 on higher production (up 56%) due to the Brazil ramp up. Oil production contributed 87% of total production. Production costs increased by €19m due to the start-up
02 May 2017
Slightly below expectation on Gas & Power division
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Slightly below expectation on Gas & Power division
Galp Energia, SGPS S.A. Class B (GZ5:FRA) | 0 0 1.5% | Mkt Cap: 11,340m
- Published:
02 May 2017 -
Author:
Alexandre Andlauer -
Pages:
2
The company reported its Q1 17 results, with little details. Adjusted Ebitda came in at $419m compared with the €430m expected. The E&P division was the main contributor for the second consecutive quarter. By division 1) In the Exploration&Production division, Ebitda came in at €204m, up €155m from Q1 16 on higher production (up 56%) due to the Brazil ramp up. Oil production contributed 87% of total production. Production costs increased by €19m due to the start-up