Korea Gas third-quarter operating profit jumps 51 percent

Korea Gas Corporation's third-quarter operating profit rose 51.1 percent from a year earlier to 587.8 billion won, beating the market consensus by 18.9 percent, on revenue up 17.8 percent to 7.51 trillion won and net profit up 213.8 percent to 272.4 billion won.

Why it matters: The beat came from the overseas business, where nine-month operating profit at six major sites more than doubled on LNG Canada and Mozambique, while uncollected charges for gas supplied below cost at home rose again to 14.65 trillion won.

Data as of Yonhap News Agency report of November 12, 2026, in Korean, read in full via the estate browser route, reporting Korea Gas Corporation's preliminary third-quarter disclosure of the same day; consensus is the Yonhap Infomax survey figure carried in the report. Single wire source for the disclosure figures, graded accordingly. Developing item.

Korea Gas Corporation’s operating profit rose 51.1 percent in the third quarter from a year earlier to 587.8 billion won, the state gas importer said in a preliminary disclosure on Thursday, beating the Yonhap Infomax market consensus of 494.4 billion won by 18.9 percent. Revenue rose 17.8 percent to 7.51 trillion won and net profit rose 213.8 percent to 272.4 billion won.

The nine-month figures show where the profit came from. Operating profit at six major overseas sites rose from 296.8 billion won in January to September last year to 740.8 billion won this year, with LNG Canada contributing a 382.2 billion won increase and the Mozambique Coral floating LNG plant 38.9 billion won, on higher energy prices and higher sales unit prices. At home, uncollected receivables for gas supplied below cost rose to 14.65 trillion won, up 466.9 billion won from the first half, even as the debt ratio fell 43 percentage points from the end of last year to 354 percent.

Korea Gas third-quarter operating profit jumps 51 percent

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