Pertamina Gas Negara stock: PGN cuts emissions 35.30 percent above target

Published on 10/24/2026 at 01:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PGN cut 29,574.87 tons through August 2026, 35.30 percent above target. Pertamina Gas Negara stock posted USD 3.90 billion revenue in 2025.

Operating metrics and valuation

PGN cut 29,574.87 tons of emissions through August 2026, according to an October 20, 2026 report.
Revenue reached USD 3.90 billion in fiscal year 2025, while the Sucor target was IDR 2,020 on October 8, 2026.
PGN had an IDR 31.90 trillion market capitalization as of October 20, 2026.

Pertamina Gas Negara, ID1000111602, Illustration mit AI erstellt.

Pertamina Gas Negara (ISIN ID1000111602) cut 29,574.87 tons of emissions through August 2026, 35.30 percent above its target for the period, according to Sucor Sekuritas on October 20, 2026. The result puts operating efficiency alongside gas volumes and legal risk as the key stock questions.

Efficiency brings a measurable result

The emissions program is linked to business efficiency rather than treated solely as a sustainability measure. Cumulative reductions reached 68,500 tons from 2025 through August 2026, equal to 15.70 percent of the company's cumulative decarbonization target through 2034, according to Sucor Sekuritas.

PGN's reported marginal abatement cost was negative USD 0.19 thousand per ton of carbon dioxide equivalent. That figure indicates that the selected projects were associated with lower costs while reducing emissions, according to the October 20 report.

What does the volume target mean?

Gas distribution is the operating counterweight. Kontan reported on October 8, 2026 that PGN targeted 877 BBTUD of distribution in fiscal year 2026, up 4.00 percent from the prior year. Sucor Sekuritas analyst Giovanus Marcell Lie projected 878 BBTUD, a 5.00 percent increase, and set a target price of IDR 2,020 per share.

The same report identified gas availability and the Gunvor dispute as risks. PGN had secured an additional 5.45 BBTUD of supply from the Tungkal working area for 2026 through 2034, but higher-cost LNG could pressure margins if pipeline supply remains constrained.

Three dated operating developments

On October 7, 2026, PGN held a workshop for its 2027 to 2030 decarbonization program. On October 8, 2026, Kontan reported the 877 BBTUD distribution target and the IDR 2,020 Sucor target. On October 20, 2026, Sucor Sekuritas reported 29,574.87 tons of emissions cuts through August.

Financial base supports the discussion

Investortrust.id reported that PGN generated USD 3.90 billion of revenue in fiscal year 2025, up 5.00 percent from the previous year. Operating profit was USD 519.60 million and net income was USD 215.40 million. The company distributed a USD 172.29 million dividend for fiscal year 2025.

Sucor Sekuritas put PGN's market capitalization at IDR 31.90 trillion as of October 20, 2026. The combination of gas volume targets, efficiency savings and cash generation matters because supply constraints and the Gunvor dispute can affect the earnings available for dividends.

Stock context remains tied to execution

The latest company-specific figures point to two competing forces: a quantified reduction in emissions and a distribution target that depends on reliable gas supply. The next valuation debate therefore rests on whether higher volumes and lower operating costs can offset legal and procurement pressures.

The further course of trading is shown by the continuously updated real-time quote of Pertamina Gas Negara stock.