Gazprom Q2 21 Earnings Preview - Strong quarter expected backed by gas prices spike
We estimate Gazproms average export price in Q2 21e to go up to USD 235/kcmNet income is forecasted to increase threefold yoy to USD 6.4 bn in Q2 21e
Free cash flow is expected to be strong of USD 2.5 bn despite higher yoy capex
Q2 21e results will be published on August 30
PJSC Gazprom is a gas company based in Russia. Co.'s principal activity is the sale of gas. Co. is also involved in other types of activities which include leasing of assets, gas transportation and storage services, sale of gas condensate and refined products. Co. and its subsidiaries and associates operates gas pipelines systems in Russia. Co. is responsible for substantially all gas production and high pressure gas transportation in the Russian Federation. Co. is also a major exporter of gas to European countries. Co. is directly involved in exploration and drilling for hydrocarbons, production of gas and other hydrocarbons and domestic and export sale of gas and other hydrocarbons.
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