PETRONAS Gas stock faces Q2 revenue decline as EBITDA rises

Published on 10/07/2026 at 05:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PETRONAS Gas reported Q2 2026 revenue of MYR 3.086 billion, down 3.1 percent year over year. EBITDA was higher by 3.1 percent as the stock traded at MYR 17.24.

Petronas Gas, MYL6033OO004, Illustration mit AI erstellt.

PETRONAS Gas stock (ISIN MYL6033OO004) was trading at MYR 17.24 on Bursa Malaysia on October 7, 2026 at 10:59 a.m. MYT, down MYR 0.04 or 0.23 percent from the prior close. The latest operating picture combines lower revenue with higher EBITDA, giving the Malaysian gas infrastructure company a mixed second-quarter profile.

Revenue falls as EBITDA improves

According to Yahoo Finance in the Q2 2026 earnings transcript, group revenue for the quarter ended June 30, 2026 stood at MYR 3.086 billion, a 3.1 percent decline from the comparable period. Profit for the six-month period was MYR 942 million, down 3 percent, while EBITDA increased 3.1 percent or MYR 53 million.

The comparison points to a clear split across the business. Gas transportation revenue increased 12.7 percent year over year, supported by the higher Regulatory Period 3 tariff, while utilities revenue fell 28.6 percent during planned regulatory turnaround activities, according to Yahoo Finance.

Dividend supports the income case

PETRONAS Gas approved a second interim dividend of MYR 0.16 per ordinary share for fiscal year 2026. The payment totals MYR 316.6 million, according to Yahoo Finance.

Operations remained a second-quarter support. Asset reliability ranged from 99.8 percent to 99.9 percent across the business segments, while gas processing equipment effectiveness reached 99.99 percent. The company also reported 750 kilometers of fiber optic cable installed out of a planned 880 kilometers, placing the project at 85 percent completion.

MarketScreener lists an Outperform consensus from 13 analysts, with an average target price of MYR 18.71 against a last close of MYR 17.50. The consensus page also shows a MYR 18.71 average target and a 6.91 percent spread, according to MarketScreener.

Stock stays below yearly high

PETRONAS Gas was trading within a MYR 16.62 to MYR 19.30 52-week range on October 7, 2026. Its market capitalization was MYR 34.1 billion and volume stood at 24,200 shares at 10:59 a.m. MYT, leaving the stock 10.67 percent below the 52-week high.

For investors, the central issue is whether stronger regulated transportation and regasification contributions can offset the utility segment's planned turnaround pressure. PETRONAS Gas stock was last at MYR 17.24 on Bursa Malaysia on October 7, 2026.