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Plug Power Delivers First Electrolyzer for 100MW Green Hydrogen Project at Galp's Sines Refinery
Globenewswire· 2025-10-01 11:08
Core Viewpoint - Plug Power Inc. has delivered its first 10MW GenEco™ electrolyzer array to Galp, marking a significant step in the development of green hydrogen solutions in Europe [1][19]. Company Developments - The 10MW module is the first of 10 similar arrays to be delivered, aiming for a total electrolyzer capacity of 100MW by early 2026 [2][18]. - This project is Plug's largest worldwide, expected to produce up to 15,000 tons of renewable hydrogen annually, replacing 20% of the grey hydrogen currently used at Galp's Sines Refinery [3][19]. - The project will reduce greenhouse gas emissions at the refinery by approximately 110,000 tons per year [3]. Industry Impact - The collaboration between Plug and Galp is seen as a model for large-scale hydrogen deployment in the refining sector and the broader energy industry [4]. - Galp's investment of €650 million in a 100MW green hydrogen electrolysis unit is part of a decisive step towards decarbonization in the industry [5]. - The project demonstrates that hydrogen can be deployed at a scale that meets operational demands and supports refinery decarbonization [7]. Market Position - Plug Power is advancing multi-gigawatt electrolyzer deployments in Europe, supported by a $2 billion global opportunity funnel [8]. - The company has deployed over 72,000 fuel cell systems and is the largest user of liquid hydrogen, indicating strong market leadership [12].
Has Delek Logistics Partners (DKL) Outpaced Other Oils-Energy Stocks This Year?
ZACKS· 2025-09-26 14:41
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Delek Logistics Partners, L.P. (DKL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Delek Logistics Partners, L.P. is a member of our Oils-Energy group, which includes 240 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 indivi ...
Shell Joins Petrobras and Galp to Boost Sao Tome Exploration
ZACKS· 2025-09-19 13:11
Core Insights - Shell plc has completed farm-out agreements in Exploration Block 4 offshore São Tomé and Príncipe, partnering with Petrobras and Galp Energia to enhance exploration and development activities in the region [1][19]. Company Structure and Partnerships - Shell retains a 30% working interest in Block 4, while Petrobras and Galp Energia each hold a 27.5% stake, with the remaining 15% held by the national oil company ANP-STP [2][19]. - The operational leadership by Shell emphasizes its commitment to technical excellence and strategic precision in exploration activities [3][19]. - The collaboration with Petrobras and Galp Energia allows for shared geological insights and regional expertise, enhancing resource allocation efficiency [3][4]. Petrobras' Strategic Moves - Petrobras has expanded its portfolio in São Tomé and Príncipe, now holding interests in four offshore blocks, reflecting its strategic focus on West African deepwater assets [5][19]. - The company secured a 45% interest in offshore Blocks 10 and 13 and a 25% stake in Block 11 earlier in 2024, showcasing confidence in the region's geological potential [5][6]. Galp Energia's Contributions - Galp Energia has established itself as a key operator in the region, managing ultra-deepwater Blocks 6 and 12, and holds a 20% interest in Block 11 [7][19]. - The successful drilling of the Jaca-1 well in 2022 confirmed an active petroleum system, validating previous geological studies and guiding further exploration strategies [8][19]. Geological Potential and Exploration Outlook - Exploration Block 4 is located in a highly prospective basin with complex geological structures and proven petroleum systems, favorable for hydrocarbon generation [11][12]. - Ongoing seismic surveys and geological analyses aim to refine subsurface understanding and identify commercially viable hydrocarbon accumulations [12][19]. Strategic Importance of the Region - The offshore blocks in São Tomé and Príncipe are becoming significant assets in the West African energy landscape, attracting global energy majors due to their untapped hydrocarbon potential [14][19]. - The collaboration among Shell, Petrobras, Galp, and ANP-STP exemplifies a model for maximizing exploration success through shared expertise and risk mitigation [15][19]. Future Commitments and Initiatives - The joint venture partners are committed to an aggressive exploration program in Block 4, including advanced seismic acquisition and potential drilling campaigns [17][19]. - The partnership emphasizes technological innovation and environmental stewardship, incorporating cutting-edge exploration tools and best practices [18][19].
Is Clearway Energy (CWENA) Outperforming Other Oils-Energy Stocks This Year?
ZACKS· 2025-09-09 14:41
Group 1 - Clearway Energy (CWENA) has gained approximately 10.2% year-to-date, outperforming the average gain of 2.5% in the Oils-Energy sector [4] - The Zacks Rank for Clearway Energy is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - The consensus estimate for CWENA's full-year earnings has increased by 7.1% over the past three months, reflecting improving analyst sentiment [3] Group 2 - Clearway Energy is part of the Alternative Energy - Other industry, which has gained an average of 28.1% this year, indicating that CWENA is slightly underperforming its industry [5] - Another stock in the Oils-Energy sector, Galp Energia SGPS SA (GLPEY), has outperformed the sector with a year-to-date return of 11.4% and a Zacks Rank of 2 (Buy) [4][5] - The Oil and Gas - Refining and Marketing industry, to which Galp Energia belongs, has moved up by 15% this year, ranking 55 among 13 industries [6]
Are Oils-Energy Stocks Lagging Galp Energia (GLPEY) This Year?
ZACKS· 2025-08-22 14:40
Company Performance - Galp Energia SGPS SA (GLPEY) has returned 14.9% year-to-date, outperforming the Oils-Energy sector average gain of 2.2% [4] - The Zacks Consensus Estimate for GLPEY's full-year earnings has increased by 22.9% over the past quarter, indicating improving analyst sentiment [3] Industry Context - Galp Energia SGPS SA is part of the Oil and Gas - Refining and Marketing industry, which has gained an average of 12.8% this year, positioning GLPEY as a strong performer within this segment [5] - The Oils-Energy sector, which includes 240 individual stocks, currently holds a Zacks Sector Rank of 14 out of 16 groups [2] Comparative Analysis - Another outperforming stock in the Oils-Energy sector is Repsol SA (REPYY), which has returned 33.5% year-to-date, with a consensus EPS estimate increase of 21.8% over the past three months [4][5] - Repsol SA belongs to the Oil and Gas - Integrated - International industry, which has a Zacks Industry Rank of 43 and has moved up by 4.2% this year [6]
Refining & Marketing Industry Outlook: 4 Stocks in Focus
ZACKS· 2025-08-21 13:26
Core Viewpoint - The Zacks Oil and Gas - Refining & Marketing industry is evolving to balance reliable fossil fuel output with investments in cleaner, lower-carbon solutions, driven by government incentives and corporate demand, while U.S. refiners are increasing exports to capture margins and diversify revenue streams [1][3][4]. Industry Overview - The industry includes companies that sell refined petroleum products and non-energy materials, operating terminals, storage facilities, and transportation services. Refining margins are volatile and influenced by various factors including inventory levels, demand, and capacity utilization [2]. Trends Defining the Future - **Growing Role of Low-Carbon Solutions**: Refiners are investing in renewable diesel and sustainable aviation fuel, supported by government incentives and corporate demand, which positions them for long-term relevance in a decarbonizing economy [3]. - **Advantaged Export Opportunities**: U.S. refiners are leveraging strong international demand, particularly from Latin America and Europe, to export refined products, enhancing profitability and providing a hedge against domestic market fluctuations [4]. - **Margin Pressure from Volatile Prices**: The industry faces risks from fluctuating crude oil prices and inflationary cost pressures, which could impact earnings stability and shareholder returns [5]. Industry Outlook - The Zacks Oil and Gas - Refining & Marketing industry holds a Zacks Industry Rank of 56, placing it in the top 23% of 246 Zacks industries, indicating strong near-term prospects [6][7]. Performance Comparison - Over the past year, the industry has underperformed compared to the broader Zacks Oil - Energy Sector and the S&P 500, with a decline of 10.1% versus a decrease of 0.6% for the sector and a gain of 15.9% for the S&P 500 [9]. Current Valuation - The industry is currently trading at an EV/EBITDA ratio of 4.24X, significantly lower than the S&P 500's 17.60X and the sector's 4.92X, indicating a potential undervaluation [12]. Stocks in Focus - **Par Pacific Holdings**: Operates an integrated energy platform with a refining capacity of 219,000 barrels per day and a market cap of $1.5 billion, showing a projected earnings growth of 394.6% for 2025 [15][16]. - **Galp Energia**: A Portuguese company with a market cap of $13.1 billion, producing over 100,000 barrels of oil equivalent per day, and a four-quarter average earnings surprise of 47.2% [18][19]. - **Marathon Petroleum**: A leading independent refiner with a market cap of $50 billion, known for strong cash flow generation and shareholder returns, with a recent earnings estimate increase of 8.5% for 2025 [21][22]. - **Phillips 66**: One of the largest independent refiners with nearly 2 million barrels per day of refining capacity, expected EPS growth rate of 15.5% over three to five years [24][25].
Is Galp Energia (GLPEY) Stock Outpacing Its Oils-Energy Peers This Year?
ZACKS· 2025-08-06 14:40
Company Performance - Galp Energia SGPS SA (GLPEY) has returned 14.1% year-to-date, outperforming the average gain of about 3% in the Oils-Energy group [4] - The Zacks Consensus Estimate for GLPEY's full-year earnings has increased by 10.9% over the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [3] Industry Comparison - Galp Energia SGPS SA belongs to the Oil and Gas - Refining and Marketing industry, which includes 13 companies and currently ranks 100 in the Zacks Industry Rank. This industry has gained an average of 10.4% so far this year, showing that GLPEY is performing better than its peers in this specific area [5] - In contrast, Talen Energy Corporation, another outperforming stock in the Oils-Energy sector, belongs to the Alternative Energy - Other industry, which has moved up by 35.3% this year but ranks 147 overall [6] Sector Ranking - The Oils-Energy group, which includes Galp Energia SGPS SA, is currently ranked 16 within the Zacks Sector Rank, which evaluates 16 different sector groups [2] - The Zacks Rank system, which emphasizes earnings estimates and revisions, currently gives Galp Energia SGPS SA a Zacks Rank of 2 (Buy) [3]
Surging Earnings Estimates Signal Upside for Galp Energia (GLPEY) Stock
ZACKS· 2025-07-23 17:20
Galp Energia SGPS SA (GLPEY) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revi ...
中东局势带动欧股石油板块普涨
news flash· 2025-06-16 07:53
Group 1 - European stock market sees a rise in oil stocks following the Middle East situation, with oil prices experiencing a slight increase [1] - Investors appear to believe that there will be no further shocks to oil supply, although potential for price increases remains if Middle East conflicts escalate [1] - Specific stock performances include a 1.4% increase for British Petroleum, a 1.3% rise for Shell, a 0.8% increase for TotalEnergies, a 1.1% rise for Eni, a 2% increase for Repsol, and a 0.6% rise for Galp [1]
4 Refining & Marketing Stocks to Watch as Margins Stay Tight
ZACKS· 2025-05-30 14:51
Core Viewpoint - The Zacks Oil and Gas - Refining & Marketing industry is experiencing a paradox where strong fundamentals coexist with weak refining margins and market sentiment, primarily due to economic slowdown concerns and regulatory uncertainties [1][3][4]. Industry Overview - The industry includes companies that sell refined petroleum products and operate terminals, storage facilities, and transportation services, with refining margins being highly volatile and influenced by various factors such as inventory levels and capacity utilization [2]. Trends Defining the Industry's Future - Despite healthy demand for diesel and gasoline, refining margins have not met expectations, indicating a disconnect likely driven by macroeconomic concerns [3]. - The transition from the Blenders' Tax Credit to the Production Tax Credit has negatively impacted renewable diesel profitability, leading to reduced output and uncertainty regarding future recovery [4]. Long-Term Outlook - The refining industry is positioned for a favorable mid-cycle environment, supported by structural advantages in the U.S. market, including access to domestic crude and low-cost inputs [5]. - Marathon Petroleum anticipates continued global demand growth for refined products, despite upcoming capacity reductions in the U.S. and Europe [5]. Industry Performance - The Zacks Oil and Gas - Refining & Marketing industry ranks 139 out of 245 Zacks industries, placing it in the bottom 43% and indicating dull near-term prospects [6][7]. - The industry's earnings estimates for 2025 and 2026 have decreased by 38.3% and 19.7%, respectively, over the past year, reflecting a negative outlook [9]. Comparative Performance - Over the past year, the industry has underperformed compared to the broader Zacks Oil - Energy Sector and the S&P 500, with a decline of 16.9% versus an 8.2% decrease for the sector and a 12.5% gain for the S&P 500 [10]. Current Valuation - The industry is currently trading at an EV/EBITDA ratio of 3.76X, significantly lower than the S&P 500's 16.65X and the sector's 4.59X, indicating a potentially undervalued position [14]. Stocks in Focus - **Marathon Petroleum**: A leading independent refiner with a market cap of $48.7 billion, known for strong cash flow generation and shareholder returns, though shares have lost 9% in the past year [18][19]. - **Phillips 66**: Operates 13 refineries with a total capacity of 2.2 million barrels per day, shares have decreased by 19% in the past year [21][22]. - **Valero Energy**: The largest independent refiner in the U.S. with a capacity of 3.2 million barrels per day, shares have lost 18% in the past year [25][27]. - **Galp Energia**: A Portuguese firm with a market cap of $11.3 billion, shares have decreased by 25% in the past year [28][29].