SK Gas Reports Q1 2026 Operating Profit of KRW 227.7 Billion, Decides to Sell 49% Stake in Ulsan G&P and Increase Dividend

SK Gas Q1 2026 consolidated sales KRW 2.6 trillion, operating profit KRW 227.7 billion (basic EPS KRW 28,857)
Dividend for FY2025: KRW 9,000 per share (interim 2,000 + final 7,000), up 12.5% YoY; dividend payout ratio maintained at >25%
On April 3, 2026, decided to sell 49% stake (33,801,180 shares) in Ulsan G&P for approx. KRW 1.2242 trillion (for asset efficiency and growth investment)
Consolidated debt ratio 252.42% (improved from 283.74% at year-end 2025); separate debt ratio 406.54%
Acquired additional 25% stake in SK Advanced (total 70%) to obtain control, consolidating as subsidiary
Derivatives recognized in P&L: valuation gains KRW 375.6 billion, valuation losses KRW 290.4 billion (mainly commodity forwards)
Three pending lawsuits for LPG price-fixing damages (not estimable, potential contingent liabilities)
Major contracts signed: S-Oil LNG terminal use (KRW 531.6 billion), Korea East-West Power CEC terminal use (KRW 1.0693 trillion), SK On storage consignment (KRW 374 billion)
Consolidated net profit attributable to controlling interest: KRW 259.8 billion

ADVERTISEMENT (250px+)