Gunvor arbitration risk shadows Pertamina Gas Negara stock outlook

Published on 10/08/2026 at 09:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Volume is projected at 878 BBTUD in fiscal 2026, up 5.00 percent. Pertamina Gas Negara stock costs EUR 0.07 on October 8, 2026 after EUR 0.07.

Pertamina Gas Negara, ID1000111602, Illustration mit AI erstellt.

Pertamina Gas Negara stock was trading at EUR 0.07 at Lang & Schwarz on October 8, 2026 at 9:13 a.m. CEST, unchanged from the EUR 0.07 prior close. As Kontan reported on October 8, 2026, analysts see operating resilience offsetting the risk from a Gunvor contract dispute and international arbitration.

Gunvor risk meets stronger volumes

According to Kontan, Sucor Sekuritas analyst Giovanus Marcell Lie projects gas distribution volume of 878 BBTUD in fiscal 2026, up 5.00 percent year on year. The same research links the outlook to LNG prices of USD 13.00 per MMBTU and estimates net cash at USD 0.9 billion.

The legal exposure is material but defined. Kontan reports that Gunvor is seeking estimated damages of USD 130.4 million, while a full provision could add USD 58.4 million to PGAS costs. Bahana Sekuritas estimates that core profit could fall 19.30 percent to USD 244.6 million if the charge is fully recognized in 2026.

Cash flow is the counterweight

The counterweight is operating liquidity. The Kontan report projects annual operating cash flow at USD 0.7 billion and says the dispute does not affect recurring gas volumes, distribution tariffs or trading margins. That combination makes the arbitration outcome more important for reported profit and dividends than for the basic gas network operation.

The report also records different analyst targets: Sucor recommends a target of IDR 2,020 per share, while Bahana uses IDR 1,900 per share. Both targets are tied to research dated September 2, 2026 and August 28, 2026, respectively, rather than to a newly announced company result.

Biomethane adds a second growth route

PGN is also expanding its gas platform into biomethane. Investortrust.id reported that a facility in South Sumatra is designed to produce 150,000 MMBTU per year, with PGN serving as offtaker and transporter. The project links existing pipeline infrastructure with lower-carbon industrial fuel demand.

Stock stays near its yearly floor

On the Indonesia Stock Exchange, PGAS had a market capitalization of IDR 34.8 trillion and a 52-week range of IDR 1,350.00 to IDR 2,520.00 as of October 8, 2026. The latest structured quote showed 7,474,000 shares traded, while the primary listing identifies PGAS as an Indonesia Stock Exchange utility and gas business.

At Lang & Schwarz, Pertamina Gas Negara stock was trading at EUR 0.07 on October 8, 2026 at 9:13 a.m. CEST, unchanged versus the EUR 0.07 prior close. The further course of trading is shown by the continuously updated real-time quote of Pertamina Gas Negara stock.