Report
Sergey Garamita

Transneft Q3 21 Earnings Preview - Transportation recovery, tariff indexation to support results

EBITDA to be propelled up by recovery in transportation and by tariff indexation
NI growth yoy to be capped by the high base effect due to non-cash one-offs in Q3 20
Positive market reaction expected
Underlying
TATNEFT

Tatneft PJSC and its subsidiaries are engaged in crude oil exploration, development and production principally in the Republic of Tatarstan, Russia. Co. is a holding structure, which incorporates oil and gas production boards, crude oil and gas refining companies, as well as enterprises and servicing works selling the crude oil and also the products of crude oil and gas refining and petrochemical products. In addition to this, Co. is also participating in the banking and insurance activities. Co.'s operations are divided into the following main segments: Exploration and Production; Refining and Marketing; and Petrochemicals.

Provider
Raiffeisen Centrobank
Raiffeisen Centrobank

Raiffeisen Centrobank (RCB) is a leading investment bank in Austria and the CEE region and the competence center for equities of the Raiffeisen Banking Group. The bank covers the entire spectrum of services and products around equities, derivatives and equity capital transactions and is a pioneer and market leader in the field of structured products.

RCB Company Research offers you access to in-depth equity research and the latest news on listed Austrian and CEE companies. The research universe comprises roughly 130 stocks from Austria, CEE and Russia. The Company Research team of RCB consists of roughly 20 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

 

Analysts
Sergey Garamita

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