1. Malaysia Stocks

  2. •

    Utilities

  3. •

    Regulated Gas
PETRONAS Gas Berhad

PETRONAS Gas Berhad

PNAGF
PETRONAS Gas BerhadUS flagOther OTC
4.60
USD
- -
- -
9.10BMarket Cap
PETRONAS Gas Berhad
PNAGF
(Other OTC)

Recent

price

4.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.78
1.4
1.81
1.97
2.22
2.25
2.31
2.47
2.78
2.76
2.83
2.85
3.11
3.26
3.3
3.22
3.17
Revenue per Share
0.73
0.55
0.71
1.05
0.93
1
0.88
0.91
0.91
0.98
1.02
1.01
0.83
0.92
0.93
0.87
0.86
Basic EPS, GAAP
-0.29
-0.51
-1.03
-0.82
-0.63
-0.59
0.41
0.55
1.21
1.14
1.28
1.11
0.89
0.93
0.95
0.44
0.34
Free Cash Flow per Basic Share
0.5
0.5
0.4
0.5
0.8
0.58
0.6
0.66
0.69
0.72
1.32
0.77
0.82
0.72
0.72
0.72
0.72
Dividend per Share
4.28
4.33
4.63
5.19
5.32
5.78
6.05
6.26
6.48
6.69
6.39
6.62
6.64
6.85
7.05
7.18
7.26
Book Value per Share
4.28
4.33
4.63
5.19
5.32
5.78
6.04
6.26
6.48
6.69
6.39
6.62
6.64
6.85
7.05
7.18
7.26
Tangible Book Value per Share
1,979
1,979
1,979
1,979
1,979
1,979
1,979
1,979
1,979
1,979
1,979
1,979
1,979
1,979
1,979
1,979
1,979
Basic Weighted Avg Shares
3,525
2,765
3,577
3,892
4,392
4,456
4,561
4,897
5,498
5,458
5,592
5,649
6,160
6,445
6,538
6,374
6,275
Sales/Revenue/Turnover
52.72
51.38
51.99
48.91
48.77
45.26
46.85
46.53
46.76
46.83
47.75
47.08
37.66
35.28
35.22
35.29
35.18
Operating Margin (%)
- -
- -
- -
- -
- -
- -
877
990
1,137
1,138
1,017
983
1,036
1,141
1,173
1,223
1,291
Depreciation Expense
1,439
1,081
1,405
2,079
1,843
1,987
1,739
1,793
1,793
1,935
2,010
1,989
1,645
1,820
1,836
1,727
1,700
Net Income, GAAP
24.27
24.58
24.11
- -
21.76
0.81
17.58
19.34
19.01
19.44
20.23
20.07
22.51
20.33
18.5
21.69
21.8
Effective Tax Rate (%)
40.83
39.09
39.28
53.41
41.97
44.6
38.13
36.61
32.61
35.46
35.94
35.21
26.71
28.23
28.09
27.1
27.09
Profit Margin (%)
3,049
2,455
878
538
501
1,094
1,511
2,692
3,980
4,125
2,929
3,422
3,703
2,123
2,136
548
1,048
Working Capital
587
445
784
824
861
1,030
2,217
2,979
3,233
3,792
3,134
3,279
3,663
1,859
1,713
1,405
2,198
LT Debt
8,515
8,558
9,167
10,266
10,569
11,595
12,161
12,631
13,200
13,565
12,969
13,340
13,410
13,815
14,239
14,707
14,834
Total Equity
15.9
11.67
14.25
- -
14.72
16.53
13.01
12.2
12.92
12.11
12.63
12.84
10.55
10.59
11.36
10.9
10.32
Return on Invested Capital (%)
16.57
12.08
14.54
- -
16.88
17.24
13.44
12.35
11.37
12.19
12.5
12.15
9.82
10.75
11.03
10.41
9.9
Return on Capital (%)
17.46
12.7
15.85
21.4
17.72
18.09
14.86
14.72
14.23
14.85
15.53
15.46
12.54
13.63
13.35
12.26
11.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
119
110
110
LT Borrowings
1,065
1,865
1,865
LT Finance Leases
340
334
333
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,979
1,979
1,979
Market Capitalization
41,907
31,775
35,943

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,890
2,482
2,511
Cash, Cash Equivalents & STI
1,919
1,516
1,592
Accounts Receivable, Net
780
792
763
Inventories
36
36
37
Total Current Liabilities
2,341
1,321
1,463
Payables & Accruals
- -
- -
- -
ST Debt
119
110
110
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.44%
2.55%
3.29%
Free Cash Flow
-8.78%
-16.02%
-53.68%
Net Income, GAAP
-1.04%
-2.55%
-5.95%
Sales/Revenue/Turnover
3.74%
2.73%
-2.51%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,619
1,648
1,656
1,615
6,538
2025
1,595
1,590
1,618
1,571
6,374
2026
1,585
1,501
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.24
0.25
0.21
0.93
2025
0.24
0.23
0.22
0.18
0.87
2026
0.22
0.23
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
0.16
0.16
0.18
0.72
2025
0.22
0.16
0.16
0.18
0.72
2026
0.22
0.16
- -
- -
- -
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Business
PETRONAS Gas Berhad operates as Malaysia's leading gas infrastructure and centralized utilities company. It is primarily engaged in the processing of natural gas by separating it into its components such as sales gas, ethane, propane, and butane; transportation of processed gas to end customers; regasification of liquefied natural gas (LNG); and provision of LNG reloading, truck loading, and cooling services. The company operates through four main divisions: Gas Processing, Gas Transportation, Regasification, and Utilities, supporting industrial gas supply and operations and maintenance services. Founded in 1983 and headquartered in Kuala Lumpur, Malaysia, PETRONAS Gas Berhad is a subsidiary of Petroliam Nasional Berhad (Petronas) and is listed on Bursa Malaysia. In recent developments, PETRONAS Gas Berhad has embarked on multiple major projects including LNG storage expansion in Pengerang, a cold energy air separation unit, and the Sipitang power plant, reflecting strategic expansions in gas infrastructure and power solutions. Additionally, PETRONAS as a group has strengthened its strategic partnerships and collaborations, including new joint ventures with major global energy firms like Eni and TotalEnergies, aimed at enhancing upstream oil and gas assets in Malaysia and Indonesia and boosting regional gas production and infrastructure. The group also signed technical agreements to expand hydrocarbon exploration and development across Malaysia, reinforcing its regional energy footprint. Furthermore, PETRONAS Gas Berhad continues to advance its operational efficiency, achieving high operational equipment effectiveness and fulfilling 100% of customer gas demand despite supply volatility. The company targets industrial, commercial, and utility markets primarily in Malaysia, with strategic regional engagement in Southeast Asia through its parent Petronas. PETRONAS Gas Berhad holds a strong position in natural gas infrastructure, focusing on integrated gas value chain services, and recent efforts emphasize sustainability and technological advancement including AI technologies in exploration and expanded LNG-related services. It maintains a comprehensive portfolio that supports Malaysia’s energy security and industrial growth, delivering reliable gas supply and utility services to a diverse customer base within Malaysia and participating in regional energy projects through its parent group.