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PTT Exploration and Production Public Company Limited

PTT Exploration and Production Public Company Limited

PTTEP.BK
PTT Exploration and Production Public Company LimitedTH flagStock Exchange of Thailand
136.50
THB
+3.00
- -
541.90BMarket Cap
PTT Exploration and Production Public Company Limited
PTTEP.BK
(Stock Exchange of Thailand)

Recent

price

136.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
43.59
52.09
63.51
56.67
60.98
46.45
37.84
37.21
43.28
48.12
40.4
55.18
83.46
75.74
78.67
70.89
74.19
Revenue per Share
12.33
13.48
17.13
14.15
5.41
-7.96
3.24
5.18
9.12
12.29
5.71
9.79
17.86
19.32
19.85
15.18
16.69
Basic EPS, GAAP
5
5.41
5.59
8.23
14.15
8.72
11.18
11.14
17.33
18.05
12.26
14.27
25
17.3
24.15
7.41
12.16
Free Cash Flow per Basic Share
3.67
5.15
5.46
6.06
6.02
2.56
2.76
3.92
4.52
5.45
5.29
4.87
7.25
9.25
9.75
9.22
9.62
Dividend per Share
47.58
54.97
66.25
63.92
63.23
52.57
52.58
52.98
57.15
63.25
63.66
68.94
79.53
89.08
99.18
104.98
101.64
Book Value per Share
49.73
56.81
89.13
87.78
93.92
92.86
92.78
84.38
87.29
74.48
73.88
88.83
103.03
112.98
122
118.1
119.17
Tangible Book Value per Share
3,385
3,319
3,347
3,970
3,970
3,970
3,970
3,970
3,970
3,970
3,970
3,970
3,970
3,970
3,970
3,970
3,970
Basic Weighted Avg Shares
147,572
172,878
212,537
224,973
242,071
184,411
150,217
147,725
171,809
191,053
160,401
219,068
331,350
300,694
312,310
281,449
294,549
Sales/Revenue/Turnover
46.44
49.42
50.34
48.09
36.45
20.77
22.21
32.42
37.86
37.84
27.75
39.04
48.9
46.82
42.08
35.36
38.48
Operating Margin (%)
38,435
38,827
46,118
52,792
91,843
97,520
74,391
55,983
59,809
62,811
65,250
70,294
83,168
81,322
95,039
95,194
94,599
Depreciation Expense
41,739
44,748
57,316
56,186
21,490
-31,590
12,860
20,579
36,206
48,803
22,664
38,864
70,901
76,706
78,824
60,273
66,240
Net Income, GAAP
36.71
43.92
42.36
45.41
62.31
- -
45.58
22.53
39.63
30.04
45.29
51.66
50.49
45.37
42.06
42.12
43.49
Effective Tax Rate (%)
28.28
25.88
26.97
24.97
8.88
-17.13
8.56
13.93
21.07
25.54
14.13
17.74
21.4
25.51
25.24
21.42
22.49
Profit Margin (%)
26,880
-12,740
50,734
48,457
89,118
118,837
146,530
136,070
106,120
80,283
96,459
35,082
82,226
146,210
116,630
42,088
196,049
Working Capital
69,893
90,949
110,562
120,310
114,695
108,455
101,459
81,946
49,932
103,230
114,038
115,645
121,999
115,427
114,580
105,649
111,404
LT Debt
172,294
200,024
327,776
384,536
413,620
408,811
407,984
375,881
389,573
357,059
354,411
415,350
467,121
499,443
535,876
519,568
523,376
Total Equity
17.13
15.41
15.02
11.57
5.88
- -
3.43
7.37
8.18
10.52
5
7.76
13.31
12.12
11.48
8.56
9.32
Return on Invested Capital (%)
19.6
17.19
18.84
16.45
6.35
- -
5.52
8.6
13.7
16.7
7.45
10.75
17.46
17.76
17.12
12.73
14.06
Return on Capital (%)
28.51
26.05
28.36
23.63
8.51
-13.74
6.16
9.82
16.56
20.42
9
14.77
24.06
22.92
21.09
14.87
17.01
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
13,254
14,141
15,004
LT Borrowings
95,009
94,927
90,872
LT Finance Leases
19,572
22,652
20,532
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,970
3,970
3,970
Market Capitalization
472,430
462,505
434,715

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
222,131
229,218
196,049
Cash, Cash Equivalents & STI
143,741
154,170
122,048
Accounts Receivable, Net
28,455
26,291
25,418
Inventories
22,759
21,949
20,799
Total Current Liabilities
- -
- -
- -
Payables & Accruals
82,342
103,123
70,133
ST Debt
13,254
14,141
15,004
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.73%
8.16%
-3.04%
Free Cash Flow
8.65%
6.22%
-69.31%
Net Income, GAAP
11.78%
28.27%
-23.53%
Sales/Revenue/Turnover
6.38%
14.51%
-9.88%
Total Cash Common Dividend
15.12%
13.72%
-5.38%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
75,737
84,370
75,793
76,410
312,310
2025
71,166
71,180
70,372
- -
281,449
2026
76,087
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.71
6.04
4.5
- -
19.85
2025
4.17
3.4
- -
- -
15.18
2026
2.98
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
5.25
4.5
- -
9.75
2025
- -
5.12
- -
- -
9.22
2026
- -
- -
- -
- -
- -
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Business
PTT Exploration and Production Public Company Limited (PTTEP.BK) engages in petroleum exploration, development, and production, primarily supplying natural gas, crude oil, condensate, and liquefied petroleum gas (LPG) from assets in Thailand and overseas; it also provides gas transportation via pipelines, jetty and warehouse facilities including Petroleum Development Support Songkhla and Ranong branches, digital solutions through PTT ICT, energy complex operations, exploration support services via PTTEP Services Limited, and global LNG trading via PTT Global LNG Limited. Founded in 1985 and headquartered in Bangkok, Thailand, the company operates over 50 projects across more than 10 countries, spanning Southeast Asia (including Thailand, Malaysia, Myanmar), the Middle East, Australia, Africa, and the Americas, with a focus on upstream oil and gas, LNG, and midstream activities as a subsidiary of PTT Public Company Limited. PTTEP targets national energy security in Thailand while pursuing international growth, incorporating technology innovation, AI, robotics, and emerging clean energy studies such as carbon capture, offshore wind, and hydrogen. Recent developments include a 2025 acquisition of 50% interest in Block A-18 of the Malaysia-Thailand Joint Development Area from Chevron subsidiaries for a base USD 450 million, boosting gas production and reserves alongside its existing 50% in Block B-17-01; a 10% stake in the UAE's Ghasha Concession mega gas field with production starting in 2025; government approval for the Abu Dhabi Offshore 2 project field development plan with final investment decision targeted for 2025; and a 34% share acquisition in Algeria's E&E Algeria Touat B.V. to gain 22.1% indirect interest in the onshore Touat gas field producing approximately 435 MMSCFD, expected to close in 2025. The company announced a 2025 investment plan exceeding THB 261 billion (about USD 8 billion), including USD 5.3 billion in capital expenditure focused on maximizing Thai production from G1/61, G2/61 (Bongkot), Arthit, S1, Contract 4, and MTJDA projects, accelerating developments in Malaysia Greenfields (SK405B, SK417, SK438), UAE, Oman, Myanmar (Yadana, Zawtika), and Mozambique Area 1, alongside USD 1.75 billion provisional allocation through 2029 for energy transition initiatives; it also secured EPC contracts with SLB OneSubsea in 2025 for subsea production systems in Alum, Bemban, and other fields.