Oil & Gas Exploration: Earning remains under pressure – By Insight Research
- We preview ISL E&P universe 2QFY26 results, wherein we estimate sector’s profitability to decrease by 15%/6% YoY/QoQ to clock in at ~PKR74bn. The decrease is mainly attributable to lower oil prices coupled with decline in gas production.
- Revenue of our universe is expected to decrease by 15%/6% YoY/QoQ amid aforementioned reason. Company wise, we estimate 2QFY26 EPS for OGDC/PPL/MARI/POL at PKR7.9/7.6/12.2/18.7, respectively. Along with the result we expect OGDC/PPL/MARI/POL to announce a DPS of PKR4.0/2.0/11.0/25.0.