Galp Energia, SGPS, S.A. (GLPEF) reported first-quarter 2026 results on Monday, demonstrating improved operational performance across key metrics.
The Portuguese energy company, operating in the oil and gas exploration, production, refining, and distribution sector, generated revenue of 5.04 billion euros, representing a 5 percent increase from 4.81 billion euros in the first quarter of 2025.
The company posted adjusted net income of 272 million euros, increasing 41 percent compared to 192 million euros in the prior-year period, driven by stronger operating performance.
On a reported basis, however, Galp recorded a net loss a 111 million euros, compared with a profit of 362 million euros in the same quarter last year.
GLPEF is currently trading at $22.34, up $0.54 or 2.48 percent on the OTC Markets.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.