trending Market Intelligence /marketintelligence/en/news-insights/trending/qt5JA4rnon7-FAsH7IGs-w2 content esgSubNav
In This List

Tatneft profit misses consensus by 15.9% in Q1

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Tatneft profit misses consensus by 15.9% in Q1

PAO Tatneft said its normalized net income for the first quarter was 9.03 Russian rubles per share, compared with the S&P Capital IQ consensus estimate of 10.74 rubles per share.

EPS decreased 5.2% year over year from 9.53 rubles.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 20.51 billion rubles, a decline of 5.2% from 21.64 billion rubles in the prior-year period.

The normalized profit margin climbed to 17.0% from 16.0% in the year-earlier period.

Total revenue declined 10.4% year over year to 120.98 billion rubles from 135.06 billion rubles, and total operating expenses fell 9.3% from the prior-year period to 87.26 billion rubles from 96.22 billion rubles.

Reported net income fell 33.7% from the prior-year period to 17.62 billion rubles, or 7.76 rubles per share, from 26.57 billion rubles, or 11.70 rubles per share.

As of June 9, US$1 was equivalent to 64.14 Russian rubles.