Galp Energia(US:GLPEY)2024-10-28 20:12Operational Highlights - Upstream production reached 112 thousand barrels of oil equivalent per day (kboepd)[1,2] - Refinery raw materials processed amounted to 22 million barrels of oil equivalent (mboe)[1,4] - Oil products sold to direct clients totaled 1.9 million tons (mton)[1,6] - Renewable power generation reached 853 gigawatt-hours (gwn)[1,9] Financial Performance - RCA Ebitda was €820 million[1,12] - Operating Cash Flow (OCF) amounted to €540 million[1,15] - Net Capex was €229 million[1,15] - Net debt to Ebitda ratio stood at 0.5x[1] - Upstream RCA Ebitda reached €541 million[12] - Industrial & Midstream RCA Ebitda was €165 million[12] - Convenience & Customer Solutions Ebitda was €31 million[7] Outlook and Guidance - The company expects to reach 1.6 GW of renewable installed capacity by the end of 2024[9] - Full year throughput of c90 mboe is expected due to no relevant refinery stoppages in 2024[5] - The company's 2024 financial guidance includes RCA Ebitda exceeding €3.1 billion, OCF exceeding €2.0 billion, and net capex averaging less than €1.0 billion per year from 2023-2025[17]