GALP.LS stock trades at EUR 18.29 as investors position ahead of Galp Energia’s scheduled earnings release on 2 March 2026. The report will test upstream production updates, refining margins and the renewables rollout, all key drivers for revenue and cash flow. Market participants will watch dividend commentary and any change to 2026 guidance for immediate price reaction.

Earnings preview: GALP.LS stock

Galp Energia (GALP.LS) reports results on 2 March 2026 with the market focused on Brazil output, Mozambique project notes and refinery margin read-through. The shares opened today at EUR 18.32, trade range EUR 17.89–18.35, and volume stands at 1,354,721 so far.

Key fundamentals and what to expect from the report

Galp carries a trailing EPS of 1.40 and a reported P/E of 13.06, a payout ratio near 49.23% and a dividend per share of EUR 0.65. Expect management to discuss upstream production trends, Industrial & Energy Management margins, and Renewables updates that will influence near-term cash flow.

Meyka Grade & valuation

Meyka AI rates GALP.LS with a score out of 100: 72.90 which corresponds to B+ and a suggestion: BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a monthly target of EUR 17.62 and a yearly level of EUR 15.22; the yearly projection implies a -16.78% gap to the current EUR 18.29 price. Valuation highlights include PE 13.06, P/FCF 19.05, Debt/Equity 1.11, and dividend yield 3.55%.

Technical setup and trading signals for GALP.LS stock

Technical indicators show an RSI of 64.56 and ADX at 35.53 suggesting a strong trend but not yet overbought. Bollinger Bands read Upper 18.97 / Middle 17.76 / Lower 16.54, and intraday volatility (ATR) is 0.41. Relative volume is 0.64, below average, indicating lighter participation ahead of earnings.

Risks and opportunities

Primary risks include a swing in oil prices, lower-than-expected refining margins, and geopolitics in production jurisdictions; Galp’s net debt to EBITDA stands near 0.85 which moderates but does not eliminate leverage risk. Opportunities include accelerating renewables revenue and steady retail margins across Iberia that support the 3.55% dividend yield.

What to watch on earnings day

Focus items: production volumes (Brazil, Mozambique), refinery utilisation and margins, updated capex guidance, and any change to dividend policy or buyback plans. For broader market context see the recent market wrap on Portugal stocks and Galp company data source and market note.

Final Thoughts

Galp Energia (GALP.LS) enters its 2 March 2026 earnings report with the stock at EUR 18.29 and the market focused on upstream production, refinery margins and renewables progress. Our valuation view shows a mixed signal: attractive dividend yield 3.55% and a modest PE of 13.06, but Meyka AI’s yearly projection at EUR 15.22 implies a -16.78% downside if management provides conservative guidance. Traders should watch guidance and margin commentary for immediate reaction; longer-term investors should weigh the company’s dividend sustainability, net debt/EBITDA 0.85, and the renewables rollout. Price targets: conservative EUR 15.22 (‑16.78%), base EUR 17.70 (‑3.22%), bull EUR 21.00 (+14.82%). Forecasts are model-based projections and not guarantees. See our live GALP.LS page on Meyka for real-time updates and tools.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.