PTG announced that second-quarter results for 2026 marked the bottom, with oil sales volume and marketing margin expected to return to normal in the second half of 2026. Chief Executive Officer Pitak Ratchakitprakarn said the company is maintaining its full-year marketing margin target at 1.70 to 1.80 baht per liter, but has lowered its full-year oil sales volume target to a range of minus 5 percent to zero percent, after the first half fell 5.2 percent. The non-oil business is expected to grow 20 to 30 percent, while EBITDA is projected to rise 0 to 5 percent from a year earlier. The company has cut this year's capital expenditure budget to 3 to 4 billion baht from the previous 3.5 to 4.5 billion baht, and expects to begin reaping benefits from new investments in the second half, such as a 4.9-megawatt waste-to-energy power plant that began commercial operations in late May 2026. Globlex Securities estimates 2026 net profit at 1.273 billion baht, up 24.7 percent from a year earlier, and recommends a buy rating with a target price of 9.80 baht.
PTG Energy PCLPTG says it has passed the bottom, expects recovery in H2, maintains marketing margin target, and has a buy rating from Globlex with a target price.
