PTT expected to post record second-quarter 2026 profit of 49 billion baht, subsidiaries outperform

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โดย Thunhoon·TH·Read original
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Analysts expect PTT to report a record net profit of 49 billion baht for the second quarter of 2026 on August 13, driven by strong gas and exploration and production businesses amid higher oil prices and Middle East supply concerns, as well as gains from oil price hedging contracts that reversed from losses in the previous quarter. Meanwhile, four of the seven subsidiaries under PTT Group have already announced their second-quarter 2026 results, with PTTGC standing out with a net profit of 12.208 billion baht, swinging from a loss a year earlier and surging 278 percent from the previous quarter. PTTEP posted a net profit of 27.197 billion baht, up 101 percent year-on-year. GPSC reported a net profit of 1.8191 billion baht, down 9.91 percent year-on-year but up 6 percent from the prior quarter. OR was the weakest performer, swinging to a net loss of 1.77495 billion baht from a profit of 2.2318 billion baht a year earlier and a profit of 2.414752 billion baht in the first quarter of 2026. Analysts at Trinity Securities said the overall performance of PTT Group was much better than market expectations, especially PTTGC and PTTEP, which will be key profit contributors driving PTT's results higher as well. For the third quarter of 2026 outlook, the refining group still has positive factors from Brent crude oil prices above 80 dollars per barrel and expected strong refining margins, with top picks being TOP with a target price of 61 baht and PTTGC with a target price of 46.50 baht.

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PTT Public Company Limited
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PTT expected to post record Q2 profit of 49 billion baht, driven by strong gas and E&P businesses.

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