Galp Posts €111 Million Loss in Q1 2026 Due to Impact of One-Off Items, but Increases Profit by 41% to €272 Million
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About 73% of this value originated in the business unit of exploitation and production of oil and natural gas. Between January and March, the result also grew 41% to 943 million, compared to 2025.
The result compares with the average estimate of 276 million euros in the ‘consensus' of the analysts. Company says it continues to foresee agreement with Spanish Moeve in mid-of this year.
Galp posts €111 million loss in Q1 2026 due to impact of one-off items, but increases profit by 41% to €272 million
The Corner Norbolsa | The Portuguese oil company beats expectations, with EBITDA up 41% due to increased production and higher crude oil prices, reaching €943m compared to the consensus estimate of €890m. Production in Brazil rose by 23% in Q1. Galp recorded losses of €111 million in the first quarter of the year due to the impact of one-off items largely related to outstanding financial derivatives. However, excluding these amounts, the company…
Results l quidos increase 41% to 272 million euros in the first quarter.
Galp Energia: profit in sharp increase in 1T thanks to oil of Brazil Admin FCE 27 Apr 2026 - 09:03 The Portuguese oil and gas group Galp Energia announced on Monday that it had achieved an adjusted net profit of 272 million euros in the first quarter, increasing by 41% over a year, driven by a sharp increase in oil production in Brazil and by the sharp improvement in its refining margin.The total oil and gas production increased by 23% over a ye…
Galp closed the first quarter of the year with an adjusted profit of 272 million euros, an increase of 41% compared to the homologous period, supported by the increase in oil and natural gas production in Brazil.
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