Naturgy gana un 5,4% más y apunta a beneficio récord de 2.200 millones

Naturgy has reported a 5.4% increase in net profit to 1.758 million euros in the first nine months of the year, compared to the same period last year. The company anticipates record profits of around 2.200 million euros for 2026, according to Europa Press. Revenue from the energy sector rose to 15.374 million euros in the same period, also representing a 5.4% increase from 2025.

Ebitda for the Spanish energy and electricity provider stood at 4.380 million euros as of September, up 3.9% from the same period in 2025. The company's distribution networks contributed to the Ebitda growth, supported by a new regulatory framework and a larger regulated asset base in Electric Distribution Spain, which includes 126 million euros in retroactive adjustments and Latin American tariff updates, as well as increased demand and currency impact in Brazil.

These effects were partially offset by lower demand and remuneration in Gas Distribution Spain. Naturgy has raised its 2026 forecasts, now predicting an Ebitda above 5.600 million euros, a net profit of around 2.200 million, and net debt under 13.000 million. The company invested 1.280 million euros in the first nine months, mainly in distribution networks and renewable projects.

Its total renewable capacity expanded to 8.6 gigawatts (GW), with 473 megawatts (MW) added so far this year and another 504 MW expected to come online in the final quarter. Naturgy, with 17 combined-cycle plants totaling 6.8 GW, is also advancing the development of green gas through plant promotion and connection to its gas network.

The company aims to add another GW of renewable capacity and 2.1 GW of storage capacity between 2027 and 2030, including 1.2 GW of batteries. This growth will increase portfolio flexibility and value. Net debt at the end of September stood at 12.307 million euros, nearly stable compared to 12.317 million euros in 2025, as strong cash flow generation absorbed the increase in circulating capital from higher energy prices, timely payments to Sonatrach, and dividend payments.

The net debt/EBITDA ratio was 2.2 times, reflecting a strong balance sheet and providing the group with significant financial capacity to accelerate value-creating growth with disciplined focus. The group confirmed a capacity for potential corporate investments of up to 12.000 million euros, emphasizing that any potential inorganic operation would still be subject to strict value creation criteria and preserving the BBB rating.

Naturgy reaffirmed its commitment to prioritize value creation over size, maintaining the 1.80 euros per share dividend for the year and increasing guidance for 2026. Chairman Francisco Reynés highlighted the team's effort in a highly demanding geopolitical and market environment, emphasizing the company's continued disciplined financial approach and commitment to shareholder value and reliable energy supply for customers.