Galp Energia reports Q3 results

Published 2 weeks ago Positive
Galp Energia reports Q3 results
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* Galp Energia press release [https://www.galp.com/corp/en/investors/publications-and-announcements/investor-announcements/investor-announcement/id/1638/galp-3q25-results] (OTCPK:GLPEF [https://seekingalpha.com/symbol/GLPEF]): Q3 RCA Ebitda was €464m, lower YoY following the weaker oil price environment but partially offset by higher production levels in Brazil, reflecting the strong availability of the fleet as result of limited planned maintenance activities in the quarter and low impact from unplanned restrictions.
* RCA Ebitda was €315 m, higher YoY, as the robust availability of the Sines refining system captured the supportive international cracks' environment, whilst complemented by a sound contribution from Midstream activities across natural gas and oil trading.
* RCA Ebitda was €119 m, up 28% YoY, supported by a recovery in the Spanish market, both in the B2C and B2B segments, and by Convenience & Customer Solutions contribution continued growth.
* RCA Ebitda was €16 m, lower YoY, mainly reflecting persistently pressured solar prices in Iberia and the deployment of a generation optimisation strategy.