TelAviv:RATI-L

Regional demand for Natural Gas resulted in a record quarter for Ratio with revenues of $97 million

Retrieved on: 
Wednesday, August 31, 2022
Partnership, Leviathan, Master limited partnership, CEO, TASE, Natural gas, Interim, TEL, MMBTU, Adoption

TEL AVIV, Israel, Aug. 31, 2022 /PRNewswire/ -- Ratio Energies Partnership (TASE: RATI-L), which holds 15% of the Leviathan natural gas reservoir, reports the results for Q2/2022. Revenues in this quarter were $97 million, up 31% compared with the same quarter last year. Operating income for the quarter was $64 million, up 46% compared with the same quarter last year. Ratio's net profit for the quarter was $46 million, up 64% compared with the same quarter last year.

Key Points: 
  • Revenues in this quarter were $97 million, up 31% compared with the same quarter last year.
  • Operating income for the quarter was $64 million, up 46% compared with the same quarter last year.
  • Ratio's net profit for the quarter was $46 million, up 64% compared with the same quarter last year.
  • Yigal Landau, CEO of Ratio Energies: "The increasing demand from the regional markets, together with an increase in the average price of natural gas, brings Ratio to another record quarter in all parameters.

Ratio Energies report a record year in natural gas sales from Leviathan with the highest net profit in its history -77 million dollars

Retrieved on: 
Thursday, March 31, 2022
Multimedia, Leviathan, TASE, Natural gas, TEL, Partnership, Environment, CEO

The revenues and operating profit in this year reached 293 million dollars and 171 million dollars respectively, an increase of 50% in revenues and 60% in operating profit year-over-year.

Key Points: 
  • The revenues and operating profit in this year reached 293 million dollars and 171 million dollars respectively, an increase of 50% in revenues and 60% in operating profit year-over-year.
  • Ratio's net profit for 2021 amounted to some 77 million dollars, and adjusted net profit, excluding deferred taxes, amounted to some 102 million dollars.
  • In 2021, a record year in sales, 10.7 BCM of natural gas were sold.
  • From the beginning of the year until the report release date 2.7 BCM of natural gas were sold from the Leviathan reservoir.