João Gonçalves Pereira
Head of Investor Relations
Replay available
Galp Energia SGPS SA (GLPEF) Q2 2025 Earnings Call
Galp Energia SGPS SA (OTC: GLPEF) Q2 2025 earnings conference call, held 2025-07-21. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
João Diogo
Co-CEO
Maria João
Co-CEO
Matthew Smith
Bank of America Analyst
Josh Stone
UBS Analyst
Alejandro Virgil Garcia
Santander Analyst
Ignacio Domenech
JB Capital Analyst
Irene Homona
Bernstein Analyst
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Galp Energia, Sgps S.a. Class B.
Replay transcript excerpt
WEBVTT 00:00:00.757 -- 00:00:05.604 Good morning, ladies and gentlemen. Welcome to GALP's second quarter 2025 results 00:00:05.604 -- 00:00:10.811 presentation. I will now pass the floor to Joao Gonvalves Pereira, Head of Investor 00:00:10.811 -- 00:00:12.811 Relations. 00:00:13.215 -- 00:00:18.862 Good morning, everyone, and welcome to GALP's second quarter of 2025 Q&A session. 00:00:18.862 -- 00:00:23.930 In the room with me, I have both our co-CEOs, Maria João and João Diogo, as well 00:00:23.930 -- 00:00:29.015 as the executive team. But before passing the mic for some quick opening remarks, let 00:00:29.015 -- 00:00:34.364 me start by our usual disclaimer. During today's session, we will be making forward-looking 00:00:34.364 -- 00:00:37.810 statements that are based on our current estimates. 00:00:37.810 -- 00:00:42.278 Actual results could differ due to factors outlined in our cautionary statements within 00:00:42.278 -- 00:00:47.443 the published materials. Jean-Dioc, the mic is yours. 00:00:47.487 -- 00:00:49.991 Thank you, João, and good morning, everyone. 00:00:49.991 -- 00:00:55.246 The second quarter of 2025 was another strong quarter for GALP. 00:00:55.246 -- 00:01:00.492 Being resilient and having a strong asset base in a volatile macro context give 00:01:00.492 -- 00:01:04.697 us comfort to execute our strategy. 00:01:04.697 -- 00:01:10.364 During the quarter, we saw strong performance with higher than anticipated upstream 00:01:10.364 -- 00:01:14.990 production, increased LNG trading flexibility, 00:01:14.990 -- 00:01:20.496 a good rebound in the Spanish oil products market, and new renewables capacity 00:01:20.496 -- 00:01:22.364 coming online. 00:01:22.364 -- 00:01:24.886 Production stood at 113,000 00:01:24.886 -- 00:01:30.152 barrels per day, ref...