AKD Research has just released an update on Oil & Gas Development Company Limited’s (OGDC) previous quarter’s financial results. Here are the important points from their 3QFY24E earnings preview:<\/p>\n\n\n\n
OGDC is expected to report earnings of PkR9.93 per share<\/strong> for the third quarter of fiscal year 2024. Analysts project a net profit after tax (NPAT) of PkR42.67 billion<\/strong>, representing a significant decline of 42%<\/strong> compared to the previous quarter and 34%<\/strong> compared to the same quarter last year.<\/p>\n\n\n\n The decrease in quarterly profit can be attributed to several factors:<\/p>\n\n\n\n Despite the decline in profitability, OGDC’s hydrocarbon production witnessed improvement during the quarter:<\/p>\n\n\n\n For the first nine months of fiscal year 2024, OGDC’s earnings are expected to remain largely unchanged on a year-on-year (YoY) basis, with projected earnings of PkR166 billion<\/strong> (EPS: PkR38.60\/sh<\/strong>). Alongside the earnings, the company is expected to announce a cash dividend of PkR2.5\/sh<\/strong>, bringing the total dividends for the nine-month period to PkR6.60\/sh<\/strong>, compared to PkR5.80\/sh<\/strong> in the same period last year.<\/p>\n\n\n\n Summary of OGDC’s income statement for the third quarter of fiscal year 2024:<\/p>\n\n\n\n In conclusion, OGDC’s third-quarter results reflect a decline in profitability compared to the previous quarter and the same period last year. However, the company has shown improvement in hydrocarbon production, particularly in gas output. Investors will be keen to see how OGDC navigates through the challenges in the oil and gas industry in the upcoming quarters.<\/p>\n\n\n\n Disclaimer:<\/strong><\/p>\n\n\n\n The information in this article is based on research by AKD Research. All efforts have been made to ensure the data represented in this article is as per the research report. This report should not be considered investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" AKD Research has just released an update on Oil & Gas Development Company Limited’s (OGDC) previous quarter’s financial results. Here are the important points from their 3QFY24E earnings preview:<\/p>\n","protected":false},"author":8,"featured_media":4294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[138],"tags":[67],"class_list":["post-4293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financials","tag-ogdc"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/OGDC-Financials-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/OGDC-Financials-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/OGDC-Financials-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/04\/OGDC-Financials.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=4293"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/4293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/4294"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=4293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=4293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=4293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Factors Contributing to Decline<\/h3>\n\n\n\n
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Production Performance<\/h2>\n\n\n\n
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Year-to-Date Earnings<\/h2>\n\n\n\n
OGDC: Income Statement<\/h3>\n\n\n\n
Item<\/strong><\/th> 3QFY24E (PKRmn)<\/strong><\/th> 2QFY24A (PKRmn)<\/strong><\/th> 3QFY23A (PKRmn)<\/strong><\/th><\/tr><\/thead> Net Sales<\/td> 117,100<\/td> 115,234<\/td> 105,913<\/td><\/tr> Royalty<\/td> 14,021<\/td> 13,798<\/td> 12,654<\/td><\/tr> Operating Expenses<\/td> 32,703<\/td> 33,224<\/td> 20,929<\/td><\/tr> Exploration Expenses<\/td> 2,871<\/td> 2,395<\/td> 4,246<\/td><\/tr> Operating Profit<\/td> 60,746<\/td> 59,589<\/td> 61,233<\/td><\/tr> Finance Cost<\/td> 1,723<\/td> 1,750<\/td> 1,201<\/td><\/tr> Finance Income<\/td> 12,546<\/td> 11,018<\/td> 37,446<\/td><\/tr> Other Charges<\/td> 3,871<\/td> 3,797<\/td> 5,251<\/td><\/tr> PAT<\/td> 42,713<\/td> 74,258<\/td> 64,627<\/td><\/tr> EPS-Adjusted<\/td> 9.93<\/td> 17.27<\/td> 15.03<\/td><\/tr> DPS-Adjusted<\/td> 2.50<\/td> 2.50<\/td> 1.80<\/td><\/tr><\/tbody><\/table> Conclusion<\/h3>\n\n\n\n
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