Petro Rabigh 9M 2022 profit declines 56% to SAR 696 mln; Q3 loss at 1.413 bln

31/10/2022 Argaam Exclusive

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Rabigh Refining and Petrochemical Co. (Petro Rabigh) reported a net profit after Zakat and tax of SAR 696 million for the first nine months of 2022, compared with SAR 1.588 billion in the prior-year period.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	32,521.78	45,146.49	38.8 %
Gross Income	3,588.81	2,728.89	(24.0 %)
Operating Income	2,370.32	1,403.93	(40.8 %)
Net Income	1,587.76	696.04	(56.2 %)
Average Shares	1,250.63	1,671.00	33.6 %
EPS (Riyals)	1.27	0.42	(67.2 %)

This was mainly due to unfavorable market conditions for both refined and petrochemical products, especially in the third quarter of 2022, which adversely impacted product margin.

The company turned to a net loss of SAR 1.413 billion in Q3 2022, against a net profit of SAR 221.45 million a year before, hurt by unfavorable market conditions for both refined & petrochemical products.

On a sequential basis, the company swung to a loss from a profit of SAR 1.385 billion.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	11,276.98	12,644.86	12.1 %
Gross Income	935.43	(771.96)	(182.5 %)
Operating Income	467.94	(1174.26)	(350.9 %)
Net Income	221.45	(1413.45)	(738.3 %)
Average Shares	1,250.63	1,671.00	33.6 %
EPS (Riyals)	0.18	(0.85)	(577.7 %)

Item	Q2 2022	Q3 2022	Change‬
Revenues	18,100.01	12,644.86	(30.1 %)
Gross Income	2,020.58	(771.96)	(138.2 %)
Operating Income	1,526.98	(1174.26)	(176.9 %)
Net Income	1,384.73	(1413.45)	(202.1 %)
Average Shares	1,250.63	1,671.00	33.6 %
EPS (Riyals)	1.11	(0.85)	(176.4 %)

Total shareholders’ equity, after deducting minority interest, reached SAR 16.926 billion as of Sept. 30, 2022, compared with SAR 7.802 billion a year earlier.

The accumulated losses reached SAR 31 million at the end of 9M 2022, representing 0.19% of the company's capital.

View More Financial Results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2013	10,189.36	(36.3 %)	(449.51)	(217.8 %)	(628.46)	(515.1 %)
Q2 2013	14,195.60	(4.4 %)	(6.50)	(103.8 %)	(210.91)	(239.1 %)
Q3 2013	12,539.61	(19.1 %)	201.93	(68.7 %)	27.94	(93.9 %)
Q4 2013	13,673.13	(12.7 %)	715.18	116.6 %	498.43	380.2 %
2013	50,597.71	(18.4 %)	461.09	(69.8 %)	(313.01)	(147.9 %)
Q1 2014	14,235.50	39.7 %	672.14	249.5 %	416.31	166.2 %
Q2 2014	14,040.48	(1.1 %)	446.38	6968.4 %	192.36	191.2 %
Q3 2014	14,814.36	18.1 %	558.23	176.4 %	306.15	995.8 %
Q4 2014	11,146.41	(18.5 %)	48.49	(93.2 %)	(181.08)	(136.3 %)
2014	54,236.75	7.2 %	1,725.24	274.2 %	733.74	334.4 %
Q1 2015	7,648.01	(46.3 %)	577.44	(14.1 %)	225.34	(45.9 %)
Q2 2015	8,495.54	(39.5 %)	740.32	65.9 %	493.77	156.7 %
Q3 2015	6,674.60	(54.9 %)	(250.09)	(144.8 %)	(463.33)	(251.3 %)
Q4 2015	2,695.71	(75.8 %)	(772.34)	(1692.7 %)	(1015.87)	(461.0 %)
2015	25,513.86	(53.0 %)	295.33	(82.9 %)	(760.10)	(203.6 %)
Q1 2016	4,947.26	(35.3 %)	221.46	(61.6 %)	(9.53)	(104.2 %)
Q2 2016	6,335.74	(25.4 %)	400.82	(45.9 %)	115.95	(76.5 %)
Q3 2016	6,375.62	(4.5 %)	25.03	110.0 %	(201.43)	56.5 %
Q4 2016	7,487.51	177.8 %	460.12	159.6 %	217.56	121.4 %
2016	25,146.13	(1.4 %)	1,107.43	275.0 %	122.57	116.1 %
Q1 2017	6,702.23	35.5 %	65.14	(70.6 %)	(172.65)	(1,711.3 %)
Q2 2017	8,843.80	39.6 %	634.67	58.3 %	392.70	238.7 %
Q3 2017	9,141.32	43.4 %	1,101.80	4301.9 %	809.76	502.0 %
Q4 2017	9,523.67	27.2 %	894.42	94.4 %	623.16	186.4 %
2017	34,211.01	36.0 %	2,696.02	143.4 %	1,652.95	1248.6 %
Q1 2018	9,856.35	47.1 %	772.06	1085.3 %	377.56	318.7 %
Q2 2018	10,742.81	21.5 %	664.18	4.6 %	297.20	(24.3 %)
Q3 2018	12,041.25	31.7 %	607.50	(44.9 %)	343.71	(57.6 %)
Q4 2018	8,357.79	(12.2 %)	271.31	(69.7 %)	(91.05)	(114.6 %)
2018	40,998.19	19.8 %	2,315.04	(14.1 %)	927.42	(43.9 %)
Q1 2019	8,428.02	(14.5 %)	817.68	5.9 %	460.79	22.0 %
Q2 2019	9,031.62	(15.9 %)	290.65	(56.2 %)	(55.00)	(118.5 %)
Q3 2019	8,742.11	(27.4 %)	870.60	43.3 %	595.98	73.4 %
Q4 2019	7,860.24	(6.0 %)	(261.02)	(196.2 %)	(650.58)	(614.5 %)
2019	34,061.98	(16.9 %)	1,717.91	(25.8 %)	351.19	(62.1 %)
Q1 2020	4,061.63	(51.8 %)	(1385.50)	(269.4 %)	(1714.55)	(472.1 %)
Q2 2020	2,706.39	(70.0 %)	(453.08)	(255.9 %)	(788.61)	(1,333.8 %)
Q3 2020	7,051.72	(19.3 %)	133.19	(84.7 %)	(303.97)	(151.0 %)
Q4 2020	8,050.46	2.4 %	802.78	407.6 %	315.69	148.5 %
2020	21,870.20	(35.8 %)	(902.61)	(152.5 %)	(2491.45)	(809.4 %)
Q1 2021	10,135.53	149.5 %	1,286.33	192.8 %	912.88	153.2 %
Q2 2021	11,109.27	310.5 %	1,367.05	401.7 %	989.49	225.5 %
Q3 2021	11,276.98	59.9 %	935.43	602.3 %	467.94	253.9 %
Q4 2021	13,116.29	62.9 %	1,167.68	45.5 %	670.11	112.3 %
2021	45,638.07	108.7 %	4,756.49	627.0 %	3,040.43	222.0 %
Q1 2022	14,401.62	42.1 %	1,480.26	15.1 %	1,051.21	15.2 %
Q2 2022	18,100.01	62.9 %	2,020.58	47.8 %	1,526.98	54.3 %
Q3 2022	12,644.86	12.1 %	(771.96)	(182.5 %)	(1174.26)	(350.9 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2012	62,010.88	16.2 %	1,529.17	55.4 %	653.96	536.2 %
2013	50,597.71	(18.4 %)	461.09	(69.8 %)	(313.01)	(147.9 %)
2014	54,236.75	7.2 %	1,725.24	274.2 %	733.74	334.4 %
2015	25,513.86	(53.0 %)	295.33	(82.9 %)	(760.10)	(203.6 %)
2016	25,146.13	(1.4 %)	1,107.43	275.0 %	122.57	116.1 %
2017	34,211.01	36.0 %	2,696.02	143.4 %	1,652.95	1248.6 %
2018	40,998.19	19.8 %	2,315.04	(14.1 %)	927.42	(43.9 %)
2019	34,061.98	(16.9 %)	1,717.91	(25.8 %)	351.19	(62.1 %)
2020	21,870.20	(35.8 %)	(902.61)	(152.5 %)	(2491.45)	(809.4 %)
2021	45,638.07	108.7 %	4,756.49	627.0 %	3,040.43	222.0 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	(658.06)	(668.1 %)	(0.53)	-	(658.06)	(0.53)
Q2 2013	(236.70)	(126.8 %)	(0.19)	-	(236.70)	(0.19)
Q3 2013	14.03	(96.6 %)	0.01	-	14.03	0.01
Q4 2013	1,239.91	1721.5 %	0.99	750.00	489.91	0.39
2013	359.18	(26.5 %)	0.29	750.00	(390.82)	(0.31)
Q1 2014	413.05	162.8 %	0.33	-	413.05	0.33
Q2 2014	171.98	172.7 %	0.14	-	171.98	0.14
Q3 2014	294.33	1997.6 %	0.24	-	294.33	0.24
Q4 2014	(197.92)	(116.0 %)	(0.16)	-	(197.92)	(0.16)
2014	681.43	89.7 %	0.54	-	681.43	0.54
Q1 2015	205.43	(50.3 %)	0.16	-	205.43	0.16
Q2 2015	504.92	193.6 %	0.40	-	504.92	0.40
Q3 2015	(460.12)	(256.3 %)	(0.37)	-	(460.12)	(0.37)
Q4 2015	(1008.73)	(409.7 %)	(0.81)	-	(1008.73)	(0.81)
2015	(758.51)	(211.3 %)	(0.61)	-	(758.51)	(0.61)
Q1 2016	(36.64)	(117.8 %)	(0.03)	-	(36.64)	(0.03)
Q2 2016	101.00	(80.0 %)	0.08	-	101.00	0.08
Q3 2016	(210.55)	54.2 %	(0.17)	-	(210.55)	(0.17)
Q4 2016	180.98	117.9 %	0.14	-	180.98	0.14
2016	34.78	104.6 %	0.03	-	34.78	0.03
Q1 2017	(239.69)	(554.2 %)	(0.19)	-	(239.69)	(0.19)
Q2 2017	315.66	212.6 %	0.25	-	315.66	0.25
Q3 2017	706.47	435.5 %	0.56	-	706.47	0.56
Q4 2017	640.54	253.9 %	0.51	-	640.54	0.51
2017	1,422.98	3991.1 %	1.14	-	1,422.98	1.14
Q1 2018	296.15	223.6 %	0.24	-	296.15	0.24
Q2 2018	234.50	(25.7 %)	0.19	-	234.50	0.19
Q3 2018	243.44	(65.5 %)	0.19	-	243.44	0.19
Q4 2018	(105.53)	(116.5 %)	(0.08)	-	(105.53)	(0.08)
2018	668.56	(53.0 %)	0.53	-	668.56	0.53
Q1 2019	256.84	(13.3 %)	0.21	-	256.84	0.21
Q2 2019	(308.45)	(231.5 %)	(0.25)	-	(308.45)	(0.25)
Q3 2019	394.17	61.9 %	0.32	-	394.17	0.32
Q4 2019	(886.71)	(740.3 %)	(0.71)	-	(886.71)	(0.71)
2019	(544.15)	(181.4 %)	(0.44)	-	(544.15)	(0.44)
Q1 2020	(1796.83)	(799.6 %)	(1.44)	-	(1796.83)	(1.44)
Q2 2020	(1435.09)	(365.3 %)	(1.15)	-	(1435.09)	(1.15)
Q3 2020	(609.80)	(254.7 %)	(0.49)	-	(609.80)	(0.49)
Q4 2020	60.61	106.8 %	0.05	-	60.61	0.05
2020	(3781.13)	(594.9 %)	(3.02)	-	(3781.13)	(3.02)
Q1 2021	649.37	136.1 %	0.52	-	649.37	0.52
Q2 2021	716.94	150.0 %	0.57	-	716.94	0.57
Q3 2021	221.45	136.3 %	0.18	-	221.45	0.18
Q4 2021	448.90	640.6 %	0.36	-	448.90	0.36
2021	2,036.66	153.9 %	1.63	-	2,036.66	1.63
Q1 2022	724.76	11.6 %	0.58	-	724.76	0.58
Q2 2022	1,384.73	93.1 %	1.11	236.25	1,148.48	0.92
Q3 2022	(1413.45)	(738.3 %)	(0.85)	-	(1413.45)	(0.85)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2012	488.86	641.9 %	0.39	-	488.86	0.39
2013	359.18	(26.5 %)	0.29	750.00	(390.82)	(0.31)
2014	681.43	89.7 %	0.54	-	681.43	0.54
2015	(758.51)	(211.3 %)	(0.61)	-	(758.51)	(0.61)
2016	34.78	104.6 %	0.03	-	34.78	0.03
2017	1,422.98	3991.1 %	1.14	-	1,422.98	1.14
2018	668.56	(53.0 %)	0.53	-	668.56	0.53
2019	(544.15)	(181.4 %)	(0.44)	-	(544.15)	(0.44)
2020	(3781.13)	(594.9 %)	(3.02)	-	(3781.13)	(3.02)
2021	2,036.66	153.9 %	1.63	-	2,036.66	1.63

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	1.24 %	3.66 %	(0.51 %)
Q2 2013	0.93 %	3.43 %	(0.75 %)
Q3 2013	0.14 %	2.80 %	(1.55 %)
Q4 2013	0.91 %	3.72 %	(0.77 %)
2013	0.91 %	3.72 %	(0.77 %)
Q1 2014	2.90 %	5.38 %	1.24 %
Q2 2014	3.74 %	6.20 %	2.00 %
Q3 2014	4.21 %	6.49 %	2.41 %
Q4 2014	3.18 %	5.56 %	1.26 %
2014	3.18 %	5.56 %	1.26 %
Q1 2015	3.42 %	5.94 %	0.99 %
Q2 2015	4.57 %	7.40 %	1.92 %
Q3 2015	3.29 %	6.76 %	0.15 %
Q4 2015	1.16 %	5.55 %	(2.97 %)
2015	1.16 %	5.55 %	(2.97 %)
Q1 2016	(0.27 %)	5.38 %	(4.39 %)
Q2 2016	(1.94 %)	4.26 %	(6.80 %)
Q3 2016	(0.61 %)	5.96 %	(5.67 %)
Q4 2016	4.40 %	10.11 %	0.14 %
2016	4.40 %	10.11 %	0.14 %
Q1 2017	3.54 %	8.81 %	(0.63 %)
Q2 2017	4.03 %	9.05 %	0.16 %
Q3 2017	7.03 %	11.47 %	2.99 %
Q4 2017	7.88 %	11.97 %	4.16 %
2017	7.88 %	11.97 %	4.16 %
Q1 2018	9.11 %	12.46 %	5.24 %
Q2 2018	8.74 %	11.61 %	4.78 %
Q3 2018	6.97 %	9.69 %	3.36 %
Q4 2018	5.65 %	8.20 %	1.63 %
2018	5.65 %	8.20 %	1.63 %
Q1 2019	5.97 %	8.57 %	1.59 %
Q2 2019	5.25 %	7.92 %	0.23 %
Q3 2019	6.51 %	9.27 %	0.69 %
Q4 2019	5.04 %	8.05 %	(1.60 %)
2019	5.04 %	8.05 %	(1.60 %)
Q1 2020	(1.63 %)	2.47 %	(8.75 %)
Q2 2020	(5.26 %)	1.02 %	(15.94 %)
Q3 2020	(9.07 %)	(1.80 %)	(21.81 %)
Q4 2020	(4.13 %)	3.21 %	(17.29 %)
2020	(4.13 %)	3.21 %	(17.29 %)
Q1 2021	6.33 %	12.28 %	(4.78 %)
Q2 2021	9.88 %	14.42 %	2.25 %
Q3 2021	10.82 %	14.65 %	4.06 %
Q4 2021	10.42 %	13.64 %	4.46 %
2021	10.42 %	13.64 %	4.46 %
Q1 2022	9.92 %	12.60 %	4.23 %
Q2 2022	9.85 %	11.86 %	4.47 %
Q3 2022	6.69 %	8.76 %	1.56 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2012	2.47 %	4.57 %	0.79 %
2013	0.91 %	3.72 %	(0.77 %)
2014	3.18 %	5.56 %	1.26 %
2015	1.16 %	5.55 %	(2.97 %)
2016	4.40 %	10.11 %	0.14 %
2017	7.88 %	11.97 %	4.16 %
2018	5.65 %	8.20 %	1.63 %
2019	5.04 %	8.05 %	(1.60 %)
2020	(4.13 %)	3.21 %	(17.29 %)
2021	10.42 %	13.64 %	4.46 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2013	(4.41 %)	(0.81 %)	(6.46 %)
Q2 2013	(0.05 %)	2.36 %	(1.67 %)
Q3 2013	1.61 %	4.57 %	0.11 %
Q4 2013	5.23 %	7.74 %	3.58 %
Q1 2014	4.72 %	6.85 %	2.90 %
Q2 2014	3.18 %	5.49 %	1.22 %
Q3 2014	3.77 %	5.92 %	1.99 %
Q4 2014	0.44 %	3.50 %	(1.78 %)
Q1 2015	7.55 %	10.34 %	2.69 %
Q2 2015	8.71 %	12.42 %	5.94 %
Q3 2015	(3.75 %)	0.91 %	(6.89 %)
Q4 2015	(28.65 %)	(18.25 %)	(37.42 %)
Q1 2016	4.48 %	12.20 %	(0.74 %)
Q2 2016	6.33 %	11.18 %	1.59 %
Q3 2016	0.39 %	6.16 %	(3.30 %)
Q4 2016	6.15 %	11.19 %	2.42 %
Q1 2017	0.97 %	6.44 %	(3.58 %)
Q2 2017	7.18 %	11.30 %	3.57 %
Q3 2017	12.05 %	15.56 %	7.73 %
Q4 2017	9.39 %	13.03 %	6.73 %
Q1 2018	7.83 %	10.08 %	3.00 %
Q2 2018	6.18 %	8.40 %	2.18 %
Q3 2018	5.05 %	7.88 %	2.02 %
Q4 2018	3.25 %	6.16 %	(1.26 %)
Q1 2019	9.70 %	12.15 %	3.05 %
Q2 2019	3.22 %	5.63 %	(3.42 %)
Q3 2019	9.96 %	13.22 %	4.51 %
Q4 2019	(3.32 %)	0.69 %	(11.28 %)
Q1 2020	(34.11 %)	(24.25 %)	(44.24 %)
Q2 2020	(16.74 %)	0.46 %	(53.03 %)
Q3 2020	1.89 %	7.49 %	(8.65 %)
Q4 2020	9.97 %	14.25 %	0.75 %
Q1 2021	12.69 %	17.19 %	6.41 %
Q2 2021	12.31 %	16.43 %	6.45 %
Q3 2021	8.30 %	10.91 %	1.96 %
Q4 2021	8.90 %	10.89 %	3.42 %
Q1 2022	10.28 %	12.53 %	5.03 %
Q2 2022	11.16 %	12.63 %	6.35 %
Q3 2022	(6.10 %)	(3.28 %)	(11.18 %)

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2013	1,250.63	(0.23)	(0.23)	6.32
Q2 2013	1,250.63	(0.33)	(0.33)	6.13
Q3 2013	1,250.63	(0.65)	(0.65)	6.15
Q4 2013	1,250.63	0.29	(0.31)	7.13
Q1 2014	1,250.63	1.14	0.54	7.46
Q2 2014	1,250.63	1.47	0.87	7.59
Q3 2014	1,250.63	1.69	1.09	7.81
Q4 2014	1,250.63	0.54	0.54	7.64
Q1 2015	1,250.63	0.38	0.38	7.80
Q2 2015	1,250.63	0.65	0.65	8.20
Q3 2015	1,250.63	0.04	0.04	7.47
Q4 2015	1,250.63	(0.61)	(0.61)	6.68
Q1 2016	1,250.63	(0.80)	(0.80)	6.57
Q2 2016	1,250.63	(1.12)	(1.12)	6.66
Q3 2016	1,250.63	(0.92)	(0.92)	6.48
Q4 2016	1,250.63	0.03	0.03	6.71
Q1 2017	1,250.63	(0.13)	(0.13)	6.43
Q2 2017	1,250.63	0.04	0.04	6.71
Q3 2017	1,250.63	0.77	0.77	7.34
Q4 2017	1,250.63	1.14	1.14	8.06
Q1 2018	1,250.63	1.57	1.57	8.36
Q2 2018	1,250.63	1.50	1.50	8.26
Q3 2018	1,250.63	1.13	1.13	8.51
Q4 2018	1,250.63	0.53	0.53	8.43
Q1 2019	1,250.63	0.50	0.50	8.68
Q2 2019	1,250.63	0.07	0.07	8.51
Q3 2019	1,250.63	0.19	0.19	8.88
Q4 2019	1,250.63	(0.44)	(0.44)	8.03
Q1 2020	1,250.63	(2.08)	(2.08)	6.59
Q2 2020	1,250.63	(2.98)	(2.98)	5.44
Q3 2020	1,250.63	(3.78)	(3.78)	4.96
Q4 2020	1,250.63	(3.02)	(3.02)	4.96
Q1 2021	1,250.63	(1.07)	(1.07)	5.48
Q2 2021	1,250.63	0.65	0.65	6.07
Q3 2021	1,250.63	1.32	1.32	6.24
Q4 2021	1,250.63	1.63	1.63	6.64
Q1 2022	1,250.63	1.69	1.69	7.25
Q2 2022	1,250.63	2.22	2.03	8.41
Q3 2022	1,671.00	0.69	0.54	10.13

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2012	1,250.63	0.39	0.39	6.85
2013	1,250.63	0.29	(0.31)	7.13
2014	1,250.63	0.54	0.54	7.64
2015	1,250.63	(0.61)	(0.61)	6.68
2016	1,250.63	0.03	0.03	6.71
2017	1,250.63	1.14	1.14	8.06
2018	1,250.63	0.53	0.53	8.43
2019	1,250.63	(0.44)	(0.44)	8.03
2020	1,250.63	(3.02)	(3.02)	4.96
2021	1,250.63	1.63	1.63	6.64

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	NEG	NEG	2.60
Q2 2013	NEG	NEG	2.42
Q3 2013	NEG	NEG	2.31
Q4 2013	79.05	NEG	3.18
Q1 2014	21.37	44.92	3.28
Q2 2014	19.67	33.21	3.81
Q3 2014	18.24	28.23	3.96
Q4 2014	31.19	31.19	2.22
Q1 2015	52.78	52.78	2.56
Q2 2015	30.59	30.59	2.41
Q3 2015	More than 100	More than 100	2.01
Q4 2015	NEG	NEG	1.72
Q1 2016	NEG	NEG	1.50
Q2 2016	NEG	NEG	1.62
Q3 2016	NEG	NEG	1.43
Q4 2016	More than 100	More than 100	1.64
Q1 2017	NEG	NEG	1.85
Q2 2017	More than 100	More than 100	1.59
Q3 2017	16.71	16.71	1.75
Q4 2017	13.53	13.53	1.91
Q1 2018	14.84	14.84	2.78
Q2 2018	17.68	17.68	3.21
Q3 2018	19.32	19.32	2.57
Q4 2018	33.42	33.42	2.12
Q1 2019	37.77	37.77	2.19
Q2 2019	More than 100	More than 100	2.29
Q3 2019	98.10	98.10	2.09
Q4 2019	NEG	NEG	2.53
Q1 2020	NEG	NEG	1.52
Q2 2020	NEG	NEG	2.31
Q3 2020	NEG	NEG	2.95
Q4 2020	NEG	NEG	2.61
Q1 2021	NEG	NEG	2.88
Q2 2021	33.67	33.67	3.63
Q3 2021	19.89	19.89	4.20
Q4 2021	11.90	11.90	2.92
Q1 2022	15.66	15.66	3.65
Q2 2022	10.26	11.21	2.71
Q3 2022	20.02	25.23	1.35

Period	P/E	Adjusted P/E	Price/book
2012	42.03	42.03	2.40
2013	79.05	NEG	3.18
2014	31.19	31.19	2.22
2015	NEG	NEG	1.72
2016	More than 100	More than 100	1.64
2017	13.53	13.53	1.91
2018	33.42	33.42	2.12
2019	NEG	NEG	2.53
2020	NEG	NEG	2.61
2021	11.90	11.90	2.92

Business Segments (Million)

Compared With The

Period	Refined products	Petrochemical products
Q1 2013	9,081.84	1,107.53
Q2 2013	12,300.99	1,894.61
Q3 2013	10,172.41	2,367.20
Q4 2013	11,310.72	2,362.41
Q1 2014	11,728.13	2,507.37
Q2 2014	11,627.12	2,413.36
Q3 2014	12,239.59	2,574.78
Q4 2014	8,501.53	2,644.88
Q1 2015	5,808.61	1,839.40
Q2 2015	6,508.04	1,987.50
Q3 2015	5,337.85	1,336.75
Q4 2015	1,846.11	849.60
Q1 2016	3,949.86	997.40
Q2 2016	4,609.96	1,725.79
Q3 2016	5,036.36	1,339.26
Q4 2016	5,827.73	1,659.77
Q1 2017	5,288.48	1,413.75
Q2 2017	6,781.72	2,062.09
Q3 2017	6,986.55	2,154.77
Q4 2017	7,180.40	2,343.26
Q1 2018	7,525.00	2,331.35
Q2 2018	8,067.19	2,675.62
Q3 2018	9,410.60	2,630.65
Q4 2018	6,444.51	1,913.28
Q1 2019	6,512.69	1,915.32
Q2 2019	7,046.58	1,985.04
Q3 2019	6,930.13	1,811.98
Q4 2019	5,387.40	2,472.84
Q1 2020	2,632.33	1,429.31
Q2 2020	1,726.85	979.54
Q3 2020	4,196.94	2,854.78
Q4 2020	4,657.58	3,392.88
Q1 2021	6,339.68	3,795.84
Q2 2021	6,401.95	4,707.33
Q3 2021	6,925.36	4,351.62
Q4 2021	8,258.98	4,857.30
Q1 2022	10,164.99	4,236.63
Q2 2022	13,303.70	4,796.32
Q3 2022	8,653.58	3,991.28

Period	Refined products	Petrochemical products
2012	52,541.91	9,468.97
2013	42,865.96	7,731.75
2014	44,096.36	10,140.39
2015	19,500.61	6,013.25
2016	19,423.91	5,722.22
2017	26,237.14	7,973.87
2018	31,447.30	9,550.89
2019	25,876.80	8,185.18
2020	13,213.70	8,656.50
2021	27,925.98	17,712.09

Analysts Estimates (Million)

Item	Q3 2022 (e)	Q3 2022 (a)	Change‬
Average	1,068.00	(1413.45)	(232.3 %)

Estimates vs Actual (Million)

Item	Q3 2022 (e)	Q3 2022 (a)	Change
U-Capital	1,068.00	(1413.45)	(232.3) %

Financial Ratios

	Current
Market Cap (M Riyal)	14,153.37
Enterprise Value (EV) (M)	42,437.95
Shares Outstanding ((M))	1,671.00
EPS ( Riyal) (TTM)	(3.08)
Book Value (BV) ( Riyal)	6.33
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	Neg
P/E (TTM)	NEG
Price/book	1.34
Return on Average Assets (%) (TTM)	(8.04 )
Return on Average Equity (%) (TTM)	(45.74 )

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Petro Rabigh 9M 2022 profit declines 56% to SAR 696 mln; Q3 loss at 1.413 bln

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Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Petro Rabigh 9M 2022 profit declines 56% to SAR 696 mln; Q3 loss at 1.413 bln

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2022

Revenue by Business Segment (Latest) 2022 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Rabigh Refining and Petrochemical Co. (PETRO RABIGH)

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Business Segments (Million)