Enagás reduce un 22,3% su beneficio, pero mantiene el ritmo para alcanzar su objetivo anual

Enagás, the Spanish energy company, reported a 22.3% decline in its after-tax profit for the first nine months of the year, reaching 204.1 million euros. However, the company maintains that it is on track to meet its annual target of 235 million euros for the whole year. Arturo Gonzalo Aizpiri, the company's director, explained that the earnings before tax were 195.8 million euros, a 5.4% drop from the previous year.

The primary reason for this decrease in earnings was the positive impact of the sale of 40% of Enagás Renovable.

During the same period, the company's revenues dropped by 2% to 686.7 million euros, coinciding with a 2.9% decrease in its operating profit (ebitda) to 491.5 million euros. This reduction in earnings is attributed to the impact of the Regulatory Framework 2021-2026, which subtracts 45.1 million euros from regulated revenues. However, the new business investments, such as the Alisios vessel entering operation (+5.4 million euros) and the consolidation of the fiber optics company Axent (+5.9 million euros), partially compensated for this effect.

Enagás expects to achieve its annual goal of a net recurrent profit of 235 million euros by the end of 2026 and an ebitda of 620 million euros, excluding the rotation of assets' contribution. The company's funds from operations (FFO) at 30th September 2026 were 439 million euros, including 127.1 million euros in dividends from subsidiaries.

The net debt of the company stood at 2,979 million euros at 30th September, including financing for the investment in Terega. The gross debt cost increased slightly to 2.1% at 30th September 2026.