Category: Oil & Gas

▪ Pakistan State Oil (PSO) reported its 3QFY20 earnings earlier today, where the company announced a loss of PKR 3,426Mn for the quarter (LPS: PKR 7.30/sh), lower than our estimated loss of PKR 0.73/sh. In comparison, the company reported earnings of PKR 6.19/sh in the earlier quarter and PKR 3.57/sh in the same period last… Continue reading Pakistan State Oil (PSO): inventory losses turns profitability negative

▪ Pakistan State Oil (PSO) is scheduled to report its 3QFY20 earnings on Wednesday, April 29, 2020. We expect the company to report Loss after Tax of PKR 344 MN (LPS: PKR 0.73/sh) for the quarter, taking our 9MFY20 earnings expectation to PKR 6,091 MN (EPS: PKR 12.97/sh). ▪ In comparison, the company reported earnings… Continue reading Pakistan State Oil (PSO): 3QFY20 to see exchange and inventory losses

▪ Mari Petroleum Limited (MARI) reported its 3QFY20 earnings earlier today, where Profit after Tax (PAT) came in at PKR 8,477 MN (EPS: PKR 63.54/sh), higher than our expectation of PKR 57.13/sh. The company’s bottomline grew by 16% Q/Q, 47% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 23,225 MN or… Continue reading MARI 3Q earnings come in at PKR 63.54/sh, beat expectations

The Hub Power Company (HUBC) announced its financial results earlier today, posting earnings of PKR 18,900mn (EPS: PKR 14.07) during 9MFY20, up by 110% YoY compared with earnings of PKR 9,009mn (EPS: PKR 7.16) recorded during 9MFY19. On a quarterly basis, HUBC’s bottom-line shot up by 122% YoY to PKR 5.55/sh during 3QFY20. Earnings growth… Continue reading HUBC – 3Q FY20 Result Review

Oil & Gas Development Company Limited (OGDC) reported its 3QFY20 earnings earlier today, where Profit after Tax (PAT) came in at PKR 30,466 MN (EPS: PKR 7.08/sh), higher than our expectation of PKR 6.01/sh. The company’s bottomline grew by 17.8% Q/Q, 6.7% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 83,651… Continue reading OGDC 3Q earnings come in at PKR 7.08/sh, beat expectations

Attock Petroleum Limited (APL) reported its 3QFY20 earnings earlier today, where the company reported a loss of PKR 710 MN (EPS: PKR -7.14/sh) for the quarter, against our expectations of a profit of PKR 2.74/sh, compared to earnings of PKR 3.57/sh in the earlier quarter and PKR 2.86/sh in the same period last year. ▪… Continue reading Attock Petroleum Limited (APL): 3QFY20 LPS of PKR 7.14/sh, lower than expectations

▪ Pakistan Petroleum Limited (PPL) reported its 3QFY20 earnings earlier today, reporting Profit after Tax (PAT) of PKR 14,151 MN (EPS: PKR 5.20/sh), higher than our expectation of PKR 4.85/sh. The company’s bottomline grew by 40% Q/Q, 2.8% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 38,595 MN or PKR 14.18/sh,… Continue reading PPL reports earnings of PKR 5.20/sh for 3QFY20, beating expectations

▪ Pakistan Oilfields Limited (POL) reported its 3QFY20 earnings earlier today, reporting Profit after Tax (PAT) of PKR 5,379 MN (EPS: PKR 18.95/sh), higher than our expectation of PKR 16.55/sh. The company’s bottomline grew by 17.9% Q/Q, 63.6% Y/Y. ▪ For the 9MFY20 period, the company reported earnings of PKR 13,947 MN or PKR 49.13/sh,… Continue reading POL 3Q earnings come in at PKR 5.20/sh, beat expectations