SK Innovation Q2 Operating Profit Hits 1.81 Trillion Won, Beating Estimates; Raises Full-Year Guidance 62%

According to Hana Securities, on July 16, SK Innovation's second-quarter operating profit reached 1.81 trillion won, exceeding market expectations by 21% and marking a turnaround from year-ago losses. The Seoul-based energy company's full-year operating profit forecast was raised 62.3% to 6.52 trillion won—a 1,504.7% increase versus 2025—driven by surging margins in its Group III base oil division amid global supply shortages. Analyst Yoon Jae-sung also upgraded the company's price target from 170,000 to 200,000 won, maintaining a buy rating, citing undervaluation relative to refining capacity and upstream oil assets.
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