Gulf Energy, TH8319010Z06

Gulf Energy stock holds at THB 59.75 as project starts

Published on 10/07/2026 at 04:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gulf Energy stock reported Q2 revenue of THB 50,294 million, up 23.8 percent year over year. A waste-to-energy project began operations on October 1, 2026.

Gulf Energy, TH8319010Z06, Illustration mit AI erstellt.

Gulf Energy stock (ISIN TH8319010Z06) was last at THB 59.75 on the Stock Exchange of Thailand on October 6, 2026 at 4:37 p.m. ICT. Gulf Development began commercial operations at a municipal waste-to-energy power project on October 1, 2026, according to Gulf Development.

Waste to energy adds operating capacity

The project expands Gulf Development's power portfolio beyond gas-fired generation and established renewable assets. The announcement gives the market a concrete operating milestone, while the stock remains THB 8.75 below its 52-week high of THB 68.50 recorded in the same current quote set.

Q2 revenue reaches THB 50,294 million

Gulf Development's Q2 2026 revenue reached THB 50,294 million, up 23.8 percent from the prior-year quarter, while EBITDA rose 41.4 percent to THB 18,997 million, according to Quartr. Six-month consolidated revenue stood at THB 82,116 million, compared with THB 38,518 million a year earlier, showing that the first half was shaped by the enlarged operating base.

The same Q2 summary reported six-month consolidated net profit of THB 23,994 million, down from THB 65,485 million in the comparable period. That contrast matters: revenue and EBITDA growth improved operating scale, but consolidated profit still reflects a difficult comparison base.

Analysts keep a Buy consensus

The analyst consensus remains Buy, with 18 analysts and an average 12-month target of THB 77.68, according to MarketScreener. The average target lies 30.0 percent above the THB 59.75 price, making expectations for continued project execution an important part of the valuation.

Gulf Energy stock holds below yearly high

Gulf Energy stock was last at THB 59.75 on SET on October 6, 2026 at 4:37 p.m. ICT. Its 52-week range is THB 39.75 to THB 68.50, and its market capitalization is THB 892.7 billion.