EarningsQ2 2024 Earnings Report

ENEOS Holdings (5020N) Q2 2024 Earnings Report

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Previous Report: Q1 2024

Next Report: Q3 2024

MX:5020N Q2 2024 EPS Results

Actual EPS-$0.48

Consensus EPS$2.60

Beat/MissMissed by -$3.08

One Year Ago EPS$4.80

MX:5020N Q2 2024 Revenue Results

Actual Revenue$365.74B

Expected Revenue$407.67B

Beat/MissMissed by -$41.92B

YoY Revenue Growth-6.44%

Earnings Announcement Details

QuarterQ2 2024

Date11/13/2024

TimeBefore Open

Conference CallWednesday, November 13, 2024

MX:5020N Upcoming Earnings

ENEOS Holdings's next earnings date is estimated for November 11, 2026, based on past reporting schedules.

Q2 2024 Earnings Call Audio

MX:5020N Q2 2024 Earnings Call

0:00 / 0:00

Q2 2024 Earnings Slide Deck

Q2 2024 Earnings Call Summary

Q2 2024

Earnings Call Date:Nov 13, 2024|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call highlights strong performance in the Energy segment and an upward revision of the operating income forecast, alongside improvements in cash flow and renewable energy profits. However, challenges remain in the oil and natural gas E&P and Metals segments, with expected declines in second-half net income.

Company Guidance

During the second quarter earnings call for fiscal 2024, ENEOS Group executives reported several key metrics and guidance. Operating income decreased by JPY 103.3 billion to JPY 291.5 billion due to reduced inventory impact from crude oil price fluctuations. Despite this, the energy segment showed significant profit growth, contributing to a JPY 152.5 billion increase in consolidated group profits. Forecasts for the full year have been revised, with expected operating income of JPY 420 billion, up by JPY 80 billion, and operating income excluding inventory valuation projected at JPY 370 billion, an increase of JPY 30 billion. Net income is anticipated to reach JPY 200 billion, revised upward by JPY 20 billion. Additionally, the company highlighted progress in business process reengineering and energy transition efforts, aiming for improved returns on equity (ROE) and an enhanced management structure.

Energy Segment Profit Increase

The Energy segment saw a significant increase in profit, resulting in a group consolidated profit increase of JPY 152.5 billion. This was due to improved margins, including chemicals and improved selling prices in the electricity business.

Upward Revision of Operating Income Forecast

The operating income forecast for the full year was revised upward by JPY 80 billion to JPY 420 billion, with operating income excluding inventory valuation expected to rise by JPY 30 billion.

Improvement in UCL and Capacity Loss

UCL performance improved by 3% from the previous year, achieving an 8% UCL rate, and significant improvements were made in facility maintenance.

Profits in Renewable Energy

Profits in the renewable energy sector increased by JPY 7.3 billion due to an increase in power generation capacity and ForEx gains from asset sales.

Free Cash Flow Increase

Free cash flow was JPY 326.7 billion, with a net cash inflow of JPY 255.2 billion, reflecting a decrease in net interest-bearing debt by JPY 270.4 billion from the end of the previous year.

MX:5020N Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 11, 2026	2026 (Q2)	3.40 / -	3.387	―
Aug 07, 2026	2026 (Q1)	14.47 / 17.77	-0.621	2963.70% (+18.39)
May 14, 2026	2025 (Q4)	2.11 / 5.53	2.345	135.98% (+3.19)
Feb 13, 2026	2025 (Q3)	1.97 / 2.76	4.156	-33.71% (-1.40)
Nov 12, 2025	2025 (Q2)	3.18 / 3.39	-0.482	803.34% (+3.87)
Aug 08, 2025	2025 (Q1)	-3.56 / -0.62	3.171	-119.57% (-3.79)
May 12, 2025	2024 (Q4)	-2.26 / 2.34	3.111	-24.64% (-0.77)
Feb 14, 2025	2024 (Q3)	2.79 / 4.16	1.338	210.65% (+2.82)
Nov 13, 2024	2024 (Q2)	2.60 / -0.48	4.8	-110.03% (-5.28)
Aug 09, 2024	2024 (Q1)	2.34 / 3.17	1.746	81.63% (+1.43)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed