Satyakant Chalukuru
Analyst, Jefferies
Replay available
Galp Energia SGPS SA (OTC: GLPEF) Q1 2026 earnings conference call, held 2026-04-27. Replay captured from the company's public earnings webcast.

Analyst, Jefferies
Analyst, Santander
Analyst, J.P. Morgan
Analyst, BNP Paribas
Chief Financial Officer, GALP
Head of Investor Relations, GALP
Co-CEO, GALP
Analyst, Goldman Sachs
Watch the replay and follow the connected company analysis, news, and investor updates for Galp Energia, Sgps S.a. Class B.
WEBVTT 00:00:01.027 -- 00:00:06.913 Good morning, ladies and gentlemen. Welcome to GALP's first quarter 2026 results presentation. 00:00:06.913 -- 00:00:12.597 I will now pass the floor to João Gonçalves Pereira, Head of Investor Relations. 00:00:12.739 -- 00:00:18.105 Good morning, everyone, and welcome to GALP's first quarter 2026 Q&A session. 00:00:18.105 -- 00:00:23.290 I'm joined today by our co-CEOs, Medeiros Van Carioca and João Marques da Silva, 00:00:23.290 -- 00:00:28.335 as well as the full executive team. But before passing the mic for some quick 00:00:28.335 -- 00:00:32.015 opening remarks, let me start with our usual disclaimer. 00:00:32.015 -- 00:00:36.261 During today's session, we'll be making four looking statements that are based on our 00:00:36.261 -- 00:00:41.147 current estimates. Actual results could differ due to factors outlined in our questionnaire 00:00:41.147 -- 00:00:43.830 statements within the published materials. 00:00:43.830 -- 00:00:48.295 Having said this, João, would you like to say a few words? 00:00:48.295 -- 00:00:52.200 Of course. Thank you, João, and good morning, everyone. 00:00:52.200 -- 00:00:55.111 GALP had a strong start to 2026. 00:00:55.111 -- 00:01:01.360 in a quarter marked by higher volatility and geopolitical tensions in the Middle East. 00:01:01.360 -- 00:01:03.984 GATT has no direct exposure to the region. 00:01:03.984 -- 00:01:07.188 Our operations are mainly Atlantic-based. 00:01:07.188 -- 00:01:13.197 Still, we are closely monitoring developments and the impact can be felt globally. 00:01:13.197 -- 00:01:18.965 Due to disruptions across parts of the value chain, our midstream team has actively 00:01:18.965 -- 00:01:23.512 managed crude and refined product supply. Well done. 00:01:23.512 -- 00:01:29.221 This all...