Gazprom Says Group’s First Half Core Earnings More Than Doubled to $53 Billion

The logo of Gazprom is displayed on a screen during the Saint Petersburg international gas forum in Saint Petersburg, Russia, on Sept. 15, 2022. (Anton Vaganov/Reuters)

MOSCOW—Russian gas giant Gazprom Group’s earnings before interest, taxes, depreciation, and amortization more than doubled in the first six months of the year to 3.05 trillion rubles ($52.54 billion), the company said on Tuesday.

It also said its average exporting gas price rose more than 3.5 times in the same period of this year.

Gazprom reported last month that it made a record 2.5 trillion rubles in net profit in the first half of 2022 and its board recommended paying interim dividends after skipping the annual payout for the first time since 1998.

($1 = 58.0500 rubles)