{"id":19526,"date":"2024-07-01T03:03:32","date_gmt":"2024-07-01T03:03:32","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/energy-firms-to-see-moderate-q2-growth-analysts\/"},"modified":"2024-07-01T03:03:32","modified_gmt":"2024-07-01T03:03:32","slug":"energy-firms-to-see-moderate-q2-growth-analysts","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/energy-firms-to-see-moderate-q2-growth-analysts\/","title":{"rendered":"Energy firms to see moderate Q2 growth \u2014 analysts"},"content":{"rendered":"
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ENERGY COMPANIES are expected to see moderate growth in the second quarter, driven by the increase in domestic demand and investments in renewable energy, according to analysts.<\/span><\/p>\n

The economic recovery is seen to \u201cstimulate industrial and commercial energy consumption, further supporting revenue growth,\u201d Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message last week.<\/span><\/p>\n

\u201cLooking ahead, the energy sector is poised to continue its growth trajectory, particularly as companies adapt to the evolving landscape and embrace renewable energy solutions,\u201d Seedbox Securities, Inc. Equity Trader Jayniel Carl S. Manuel said in a phone message.<\/p>\n

Mr. Manuel said that the sector\u2019s shift towards renewable energy \u201coffers a promising path for sustainable growth and resilience\u201d amid challenges brought by economic pressures such as interest rates and inflation.<\/p>\n

Many listed energy companies posted favorable income results for the first quarter, citing gains from their energy sales and power generation businesses.<\/p>\n

Those that reported lower earnings attributed decline to lower power prices.<\/p>\n

Manila Electric Co. saw its attributable net income increase by nearly 19% to P9.6 billion from\u00a0P8.07\u00a0billion last year, driven by\u00a0energy sales and growth\u00a0in other business segments.<\/p>\n

Ayala-led ACEN Corp. reported a 34% increase in its first-quarter attributable net income to P2.72 billion from\u00a0P2.03\u00a0billion previously, driven by contributions from its newly operational solar and wind farms.<\/p>\n

Aboitiz Power Corp. posted an attributable net income of P7.86 billion, 4.4% higher than last year\u2019s P7.53 billion, on the back of higher generation portfolio margins.<\/span><\/p>\n

Meanwhile, Lopez-led First Gen Corp.\u2019s attributable net income declined by 11.7% to $78.82 million from $89.23 million, mainly driven by weaker power prices and higher expenses.<\/p>\n

Semirara Mining and Power Corp. recorded a 28% decline in its consolidated net income to P6.54 billion from\u00a0P9.03\u00a0billion due to weak coal and power selling price.\u00a0<\/span><\/p>\n

Mr. Limlingan said that energy companies may face challenges from high inflation and elevated interest rates, coupled with peso depreciation, which impact companies with US dollar-denominated debts or those reliant on imported materials.<\/p>\n

He said, however, that companies with diversified energy portfolios and significant investments in renewable energy \u201care better equipped to leverage regulatory incentives and sustain growth.\u201d<\/p>\n

\u201cBasically, energy companies are navigating a dynamic and challenging environment, but those that successfully integrate renewable energy and innovative technologies are likely to thrive in the coming years,\u201d Mr. Manuel said. \u2014 Sheldeen Joy Talavera<\/b><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

ENERGY COMPANIES are expected to see moderate growth in the second quarter, driven by the increase in domestic demand and investments in renewable energy, according to analysts. The economic recovery is seen to \u201cstimulate industrial and commercial energy consumption, further supporting revenue growth,\u201d Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[15744,14644,4467,7348,11413,18571,3439,11],"class_list":["post-19526","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-analysts","tag-bworldonline","tag-energy","tag-firms","tag-growth","tag-moderate","tag-see","tag-years"],"yoast_head":"\nEnergy firms to see moderate Q2 growth \u2014 analysts - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/energy-firms-to-see-moderate-q2-growth-analysts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy firms to see moderate Q2 growth \u2014 analysts - Energy Buzz\" \/>\n<meta property=\"og:description\" content=\"ENERGY COMPANIES are expected to see moderate growth in the second quarter, driven by the increase in domestic demand and investments in renewable energy, according to analysts. 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