PT Perusahaan Gas Negara (Persero) Tbk


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Mar 16, 2018
Prev close: 2,260
Mar 16, 2018
Market cap:
Market cap(USD):
Shares: 24,241.5M

Currency in IDR

Company profile

Market(Ticker): JKT(PGAS)
Industrial Services
Oil & Gas Pipelines
Full time employees: 2,031

Business summary

PT Perusahaan Gas Negara (Persero) Tbk engages in the distribution and transmission of natural gas. It operates through The following business segments: Gas Distribution, Gas Transmission, Exploration and Production of Oil and Gas, and Other Operations. The Gas Distribution segment mainly involves in gas distribution purchased from gas suppliers and then supplies to the industrial, commercial and household customers. The Gas Transmission segment handles gas transmission for customers. The Exploration and Production of Oil and Gas segment explores, exploits, and develops business for oil and gas. The Other Operations segment provides processing of liquefied natural gas, fiber optic rental for network services and constructions; maintenance services to the customers and management; and leasing buildings and equipment. The company was founded in May 13, 1965 and is headquartered in Jakarta, Indonesia.

Company background

State-owned Perusahaan Gas Negara is Indonesia's largest natural gas transmitter and distributor. The majority of the company's shares are owned by the Indonesian government, and PGN's largest customer is the power generation industry, which accounts for about 40% of total sales.

PGN went public in 2003, and is currently has one of the largest companies by market value on the Indonesia Stock Exchange. The company made headlines earlier this year after a government minister revealed plans to merge PGN with Pertamina, another state-owned oil and gas company. The plan was later canceled due to after backlash from various government officials and employees.

Having spent most of his career in the financial industry, Hendi Prio Santoso joined PGN from JP Morgan Securities Indonesia in 2007 as director of finances. In 2008, he was appointed president. The company has since shifted toward upstream businesses, acquiring gas and oil blocks both domestically and abroad.

In the news

Financial highlights

Dec 2017

  • Local currency
  • US Dollar
Revenue 39,738.46B
Gross profit 8,193.21B
Operating income 4,747.10B
Income before tax 3,687.35B
Net income 1,915.55B
EBITDA 10,914.10B
Diluted EPS 80.29
Dividends per share --
Total assets 85,382.02B
Total liabilities 42,143.58B
Total equity 42,983.88B
Operating cash flow 8,797.21B

Currency in IDR

Revenue 2,969.59M
Gross profit 612.26M
Operating income 354.74M
Income before tax 275.55M
Net income 143.14M
EBITDA 815.59M
Diluted EPS 0.00
Dividends per share --
Total assets 6,293.12M
Total liabilities 3,106.21M
Total equity 3,168.15M
Operating cash flow 657.40M

Currency in USD

Valuation measures

Dec 2017

PER 21.79
ROA 2.15%
ROE 4.47%
Operating margin 11.94%
Profit margin 4.82%

Key executive

  • President Director: Jobi Triananda Hasjim
  • Director-Finance: Nusantara Suyono
  • Director-Infrastructure & Technology: Dilo Seno Widagdo
  • Director-Commerce: Danny Praditya
  • Director-Strategy & Business Development: Persistent Prakoso Soewarto

Share holders

  • Government of Indonesia(56.9%)
  • Eastspring Investments (Singapore) Ltd.(2.9%)
  • BlackRock Asset Management North Asia Ltd.(1.6%)
  • Matthews International Capital Management LLC(1.5%)
  • The Vanguard Group, Inc.(1.4%)
  • BlackRock Fund Advisors(0.9%)
  • Value Partners Ltd.(0.5%)
  • Westwood International Advisors, Inc.(0.3%)
  • Dimensional Fund Advisors LP(0.3%)
  • Templeton Asset Management Ltd. (Hong Kong)(0.3%)


  • Website:
  • Address: Jl. K.H. Zainul Arifin No. 20, Jakarta, 11140, Indonesia
  • Phone: +62.21.633.4838

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