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Gazprom Neft USD

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Oil & Gas

RU_SIBN

Price chart

485.2 RUBDay -1.73%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
485.2 RUB · -1.73%
Market cap
32.3 bn USD

Growth

Δ revenue y/y
-3.7%
Δ EBITDA y/y
19.0%

Multiples

P/E (LTM)
9.2x
3y avg: 7.6x
P/B (FY)
0.7x
P/E (ann.)
5.7x
EV/EBITDA (LTM)
—
3y avg: 108.1x
EV/EBITDA (ann.)
125.3x

Cash return

Dividend yield
9.2%
FCF yield (LTM)
—

Liquidity

Daily turnover (MOEX)
572.2 mln RUB

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 7 / Warn: 3 / Err: 6 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1✓OK
2023-06-30 Q2✓OK
2023-09-30 Q3✓OK
2023-12-31 FY✓OK
2023-12-31 Q4✓OK
2024-03-31 Q1⚠Warn 2
2024-06-30 Q2✗Errors 1Warn 2
2024-09-30 Q3✓OK
2024-12-31 FY⚠Warn 1
2024-12-31 Q4✗Errors 1Warn 1
2025-03-31 Q1⚠Warn 2
2025-06-30 Q2✗Errors 1Warn 2
2025-09-30 Q3✓OK
2025-12-31 FY✗Errors 1Warn 2
2025-12-31 Q4✗Errors 2Warn 1
2026-03-31 Q1✗Errors 1Warn 4
✓ All checks pass · ⚠ Has warnings (review) · ✗ Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-03-31Q1 2026 (3M)OK12.0
y/y -3.7%
2.1
y/y 35.8%
1.5
y/y 1.6%
3.7
y/y 19.0%
1.4
y/y -5.2%
1.7-1.895.1
y/y 11.9%
45.6
y/y 1.3%
12.5%1820.9—
2025-12-31FY 2025 (12M)OK12.7
y/y -14.9%
1.5
y/y -21.9%
2.0
y/y -13.0%
3.5
y/y -17.1%
0.2
y/y -84.4%
2.3-3.890.5
y/y 5.1%
44.2
y/y -0.6%
—1657.1—
2025-09-30Q3 2025 (3M)PARTIAL13.0
y/y -8.9%
1.6
y/y -20.8%
1.6
y/y 0.3%
3.2
y/y -11.4%
1.0
y/y 39.2%
2.8-2.0—
y/y —
—
y/y —
—1346.0—
2025-06-30Q2 2025 (3M)OK12.4
y/y -15.1%
1.3
y/y -52.4%
1.6
y/y 12.1%
2.9
y/y -30.4%
0.9
y/y -64.8%
2.2-0.887.0
y/y 402.8%
44.1
y/y -2.4%
7.7%1346.0—
2025-03-31Q1 2025 (3M)OK12.5
y/y -8.8%
1.6
y/y -43.7%
1.5
y/y 18.2%
3.1
y/y -24.2%
1.5
y/y -36.4%
1.4-1.885.0
y/y —
45.0
y/y —
13.3%1355.0—
2024-12-31FY 2024 (12M)OK14.9
y/y 18.9%
2.0
y/y -24.0%
2.3
y/y 44.8%
4.3
y/y 2.0%
1.5
y/y -42.8%
2.5-1.686.1
y/y 1.4%
44.4
y/y —
—1303.6—
2024-09-30Q3 2024 (3M)PARTIAL14.3
y/y 3.6%
2.0
y/y -20.1%
1.6
y/y 22.2%
3.7
y/y -5.5%
0.7
y/y -68.7%
3.1-0.4—
y/y —
—
y/y —
—1059.0—
2024-06-30Q2 2024 (3M)OK14.6
y/y 26.8%
2.7
y/y 8.9%
1.4
y/y 28.3%
4.1
y/y 14.8%
2.4
y/y 23.2%
3.5-1.917.3
y/y -76.2%
45.2
y/y 5.5%
—892.6—
2024-03-31Q1 2024 (3M)PARTIAL13.7
y/y 18.9%
2.8
y/y 12.8%
1.3
y/y 16.1%
4.1
y/y 13.8%
2.3
y/y 17.7%
2.4-1.8—
y/y —
—
y/y —
—708.2—
2023-12-31FY 2023 (12M)OK12.5
y/y —
2.6
y/y —
1.6
y/y —
4.2
y/y —
2.7
y/y —
3.2-2.084.9
y/y —
—
y/y —
—305.3—
2023-09-30Q3 2023 (3M)PARTIAL13.8
y/y —
2.5
y/y —
1.3
y/y —
3.9
y/y —
2.3
y/y —
4.8-2.2—
y/y —
—
y/y —
—674.9—
2023-06-30Q2 2023 (3M)OK11.5
y/y —
2.5
y/y —
1.1
y/y —
3.6
y/y —
2.0
y/y —
2.4-1.972.6
y/y —
42.8
y/y —
—934.1—
2023-03-31Q1 2023 (3M)PARTIAL11.5
y/y —
2.5
y/y —
1.1
y/y —
3.6
y/y —
2.0
y/y —
2.4-1.9—
y/y —
—
y/y —
—593.7—
Data quality — review suggested

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05 00010 00015 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-40%-20%0%20%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

Net debt / cash ($ mln)

0500 0001 000 0001 500 0002 000 0002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Commodity price upside

The same staged build as the commodity players: revenue → costs → EBITDA → conservative EBITDA (min of the spot- and 3-yr-average-price cases) → target market cap at the current EV/EBITDA. Costs held flat (a producer has no commodity on the cost side).

USD/RUB: spot 72 vs LTM-avg 80 → ×0.90 (ruble stronger → less RUB revenue); applied to USD-priced commodities (RUB gold left as-is). Oil & gas upside may be overstated: mineral-extraction tax / export duty rise with price but costs are not re-priced here.

Upside (conservative): +26% · spot +101% · 3-yr +26%

How it is calculated — revenue → costs → EBITDA → conservative EBITDA → target market cap

1 · Reported baseline (latest FY)
Revenue3.61 trn RUB
EBITDA908.1 bln RUB
Cash costs (revenue − EBITDA)2.70 trn RUB
2 · Revenue projection
Multiplier — spot×1.15 (+15%)
= Spot revenue4.14 trn RUB
Multiplier — 3-yr prices×1.04 (+4%)
= 3-yr-price revenue3.75 trn RUB
3 · Cost projection (held flat)
Cost multiplier×1.00 (+0%)
= Cash costs2.70 trn RUB
4 · EBITDA projection (revenue − costs)
= Spot EBITDA1.44 trn RUB
= 3-yr-price EBITDA1.05 trn RUB
Conservative EBITDA = min(spot, 3-yr)1.05 trn RUB
5 · Valuation → target market cap
EV/EBITDA (current)4.4x
Target EV = EV/EBITDA × conservative EBITDA4.56 trn RUB
Net debt1.66 trn RUB
Target market cap = EV − net debt2.91 trn RUB
Current market cap2.30 trn RUB

Upside = target market cap ÷ current − 1 = +26%

Product prices — move vs the LTM average; the 'RUB' columns include the USD/RUB move.

CommodityRevenue shareSpotLTM avg$ vs LTMRUB vs LTM (FX)RUB 3-yr (FX)
Brent85%90.1669.09+31%+17%+5%

Dividends

No dividend rows found for this issuer.

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)