The Romanian natural gas group Romgaz (BVB: SNG) announced that it obtained a net profit of almost RON 2.3 billion (EUR 460 million) in the first nine months of this year, 4.8% more compared to last year, according to a note sent to investors.<\/p>\n
The company’s total revenues dropped by 16.3% y\/y to RON 6.13 billion, particularly on the natural gas side, where the supplies contracted by 4.5% y\/y and the price plunged, resulting in a 21.3% lower turnover (RON 4.65 billion).<\/p>\n
Romgaz’s market capitalization reached RON 21.6 billion (EUR 4.3 billion) after the price of its shares rose by 14.5% y\/y. The company distributed dividends from last year’s profit, resulting in a 2.6% yield.<\/p>\n
Romgaz produced 3.67 billion cubic metres of natural gas in the period, 4.5% more than in the same period of 2023.<\/p>\n
The natural gas production increased, driven by the completion of the investment works for the expansion of the productive infrastructure, which allowed the production of 7 new wells, reactivating a significant number of wells through specific investment works in the wells and optimising the exploitation of wells with the highest productive potential.<\/p>\n
Romgaz’s total deliveries on the domestic market (4.5% down y\/y) represented 51.6% of the estimated national consumption of 70.4TWh (+1.4% y\/y), 3.3% less than in the same period last year. At the same time, deliveries of natural gas from domestic production to the Romanian market by Romgaz represented 64.3% of the national consumption covered by gas from domestic production.<\/p>\n
The estimated national gas consumption for the reporting period was 70.41 TWh, approximately 1.7% higher than that recorded in the similar period from 2023, of which approx. 13.87 TWh was covered with imported gas and the difference of 56.54 TWh with domestic gas.<\/p>\n
Romgaz also produced 729,675 GWh of electricity, 13.75% more compared to the same period last year.<\/p>\n
iulian@romania-insider.com<\/em><\/p>\n (Photo source: Facebook\/Romgaz)<\/em><\/p>","protected":false},"excerpt":{"rendered":" The Romanian natural gas group Romgaz (BVB: SNG) announced that it obtained a net profit of almost RON 2.3 billion (EUR 460 million) in the first nine months of this year, 4.8% more compared to last year, according to a note sent to investors. The company’s total revenues dropped by 16.3% y\/y to RON 6.13 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2621","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2621"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/2621\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}