1. SK Gas Q2 2025 Earnings: A Closer Look

SK Gas reported revenue of ₩188.03 billion, operating profit of ₩120.7 billion, and net income of ₩51.2 billion for Q2 2025. Notably, operating profit significantly surpassed the estimated ₩80.3 billion, exceeding market expectations.

2. Key Drivers of Growth: Overseas Trading and Ulsan GPS

The robust performance was primarily driven by strong overseas LPG trading and stable operations at the Ulsan GPS gas-fired power plant. Effective risk management in the volatile global LPG market maximized profits, while Ulsan GPS contributed consistent revenue.

3. Macroeconomic Impact: Limited Influence, Strong Performance

Despite macroeconomic uncertainties, including interest rate hikes in the US and Europe, SK Gas delivered solid results, demonstrating the company’s resilience and strong business fundamentals.

4. Investor Action Plan: A Long-Term Perspective

The short-term outlook for SK Gas appears positive. However, for long-term investment, investors should closely monitor the declining domestic LPG market demand and the long-term profitability and financial stability of Ulsan GPS.

  • Key Investment Points: Overseas LPG trading, Ulsan GPS, Financial stability, Government policy changes
  • Investment Strategy: Capitalize on short-term momentum, manage risks with a long-term perspective