Enagas SA (ES:ENG) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
In 2024, Enagás successfully sold its stake in Tallgrass Energy for $1.1 billion to bolster its hydrogen investments and strengthen financial stability. The company reduced operating expenses by 4% and aims to decrease its financial cost of debt by 2026. Enagás also made strides in the energy transition, receiving government approval for hydrogen infrastructure projects.
For further insights into ES:ENG stock, check out TipRanks’ Stock Analysis page.