rss icon Subscribe
desktop mobile

Petrobras Q3 Net Profit Falls, Misses Estimates for Large Rise

Posted by Eric Haun

Petróleo Brasileiro SA's third-quarter profit fell compared with the second quarter, the Brazilian state-controlled oil giant said on Monday, missing analysts' forecasts for a big rise.
Petrobras posted net profit of 266 million reais ($81.1 million) in the quarter, compared with a profit of 316 million reais in the prior three months, and far below the average consensus estimate of 3.21 billion reais compiled by Thomson Reuters.
Earnings before interest, tax, depreciation and amortization - a gauge of operational profit known as EBITDA - came in at $19.223 billion, just above the 19.094 billion in the prior quarter.

($1 = 3.28 reais)

(Reporting by Alexandra Alper and Marcelo Teixeira)

Nov 13, 2017

 

Energy

Frontline Posts Q3 Loss as Tanker Rates Hit 4-year Low

(File photo: Frontline)

Frontline q3 net loss $‍24.1​ million.   Frontline q3 operating loss $‍​5.4 million (reuters poll

Gazprom, Shell Discuss LNG Projects

Photo: Gazprom

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee

LNG Market Outlook by Flex LNG

Photo: FLEX LNG

The LNG shipping market tightened throughout the third quarter, and rates increased sharply in

Finance

Frontline Posts Q3 Loss as Tanker Rates Hit 4-year Low

Frontline q3 net loss $‍24.1​ million.   Frontline q3 operating loss $‍​5.4 million (reuters poll loss $9.2 million) Says loss is primarily due to weak average spot daily time

Diana Shipping Reports 3Q Loss of $24.5 Mln

Photo: Diana Shipping

Greece-based Diana Shipping inc. on Tuesday reported a loss of $24.5 million in its third quarter

Talos, Stone Energy Plan $2.5 Bln Merger

Talos Energy LLC and Stone Energy Corp, two U.S. exploration and production companies focused on the Gulf of Mexico, announced on Tuesday plans to merge and create a new company

Maritime Apps