Sasol(US:SSL) ZACKS·2024-07-23 12:50Production and Sales Metrics - Sasol's Secunda operations saw a 1% increase in production volumes year over year, attributed to a phased shutdown in fiscal 2024 compared to a total shutdown in the previous period [2] - Liquid fuels sales volumes decreased by 4% due to challenges in the South African diesel market and strategic inventory optimization [2] - Total mining production rose by 3% year over year, driven by improved operations at Thubelisha colliery and better performance at Transnet Freight Rail [6] - Saleable coal production decreased by 2%, but export sales volumes increased by 5% over fiscal 2024 [6] Chemicals Business Challenges - The chemicals segment faced a tough year, with sales revenues from South African operations down 11% due to lower prices [18] - The average sales basket price dropped by 13% from fiscal 2023, reflecting weaker global demand and lower oil prices [18] - U.S. chemical assets experienced a 12% decline in sales revenues despite a 3% increase in sales volumes [18] Gas Production in Mozambique - Sasol's gas production in Mozambique increased by 6% in fiscal 2024, surpassing market expectations [12] - The early start of production from the PSA initial gas facility in May significantly contributed to this growth [12] - Natural gas and methane-rich gas sales volumes in South Africa rose by 4% and 7%, respectively, due to higher production and increased external demand [12] Market Outlook - Sasol is set to release its financial results for fiscal 2024 on August 20, along with its outlook for fiscal 2025 [3] - Investors are keen to see how the company plans to navigate ongoing challenges in the energy market while capitalizing on operational improvements [3] - Sasol's shares increased by 10.12% in trading, driven by excitement over increased coal exports despite a 2% decline in saleable coal production [11]