PTT Exploration and Production stock reflects stronger Q2 earnings

Published on 10/07/2026 at 00:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PTT Exploration and Production stock follows Q2 net profit of USD 833 million, up from USD 376 million in Q1 2026. Consensus targets THB 166.55.

PTTEP, TH0355A10Z12, Illustration mit AI erstellt.

PTT Exploration and Production stock (ISIN TH0355A10Z12) was last at THB 145 on the SET on October 6, 2026, down 0.34 percent from THB 145.50. The market is weighing a sharp Q2 earnings improvement against a more cautious production outlook.

Q2 profit more than doubled

According to Quartr on September 15, 2026, PTTEP generated Q2 2026 sales revenue of USD 3,151 million, up 40 percent from Q2 2025 and 26 percent from Q1 2026. Sales volume increased 13 percent year over year to 572,882 barrels of oil equivalent per day.

Q2 2026 net profit reached USD 833 million, compared with USD 376 million in Q1 2026 and USD 408 million in Q2 2025. The quarter-on-quarter increase was 121.5 percent, while the average selling price rose 20 percent year over year to USD 52.89 per barrel of oil equivalent.

Consensus sees upside

Kaohoon International reported on October 2, 2026, that Finansia maintained a Speculative Buy view and cited an IAA Consensus average target of THB 166.55. That target lies 14.9 percent above PTTEP's THB 145 price on October 6.

The same report said consensus raised its 2026 profit forecast to THB 74 billion, before projecting THB 70 billion for 2027. That comparison points to a 5.4 percent decline after 2026, making commodity prices and production growth central to the valuation.

Production growth faces a test

According to TradingView on October 2, 2026, ttb wealth securities raised its target price from THB 111 to THB 125 while retaining a Sell call. The brokerage cited a structurally weak oil outlook and projected volume growth of 10 percent in 2026, slowing to 5 percent in 2027 and 6 percent in 2028.

For investors, the contrast is material: PTTEP's Q2 earnings benefited from higher gas nominations in Thailand and increased crude loads in Algeria, while the longer-term production path carries a lower growth rate in the cited brokerage view.

PTT Exploration and Production stock stays below its high

PTT Exploration and Production stock was last at THB 145 on the SET on October 6, 2026 at 4:37 p.m. ICT. Its 52-week range was THB 104 to THB 164, while market capitalization stood at THB 575.6 billion and volume reached 6,763,676 shares.