Naturgy's earnings call for H1 2025 highlighted strong financial performance and strategic progress, characterized by significant growth in EBITDA and net income, positive guidance, and robust cash flow generation. However, challenges such as decreased networks EBITDA and currency depreciation impacts were noted. Despite these challenges, the overall sentiment remains positive due to the outweighing highlights.

Company Guidance

In the call, Naturgy provided a robust guidance for 2025, exceeding market expectations with an EBITDA target of EUR 5.3 billion, a net income forecast above EUR 2 billion, and a projected dividend per share between EUR 1.7 to EUR 1.9. Despite macroeconomic uncertainties, the company demonstrated strong performance in the first half of 2025, achieving an EBITDA of close to EUR 2.9 billion and a net income of approximately EUR 1.1 billion. Naturgy maintained a net debt of EUR 13.7 billion while investing EUR 2.3 billion during the period. Energy trends highlighted significant increases in natural gas prices with TTF up 42%, Henry Hub up 68%, and JKM up 27%, contrasting with a 15% decrease in average Brent prices. Iberian electricity pool prices also rose substantially. The company emphasized its commitment to financial discipline, strategic investments, and a focus on value over size, with an active hedging strategy to mitigate volatility in gas margins.

Strong Performance in H1 2025

Naturgy reported a robust performance amid macroeconomic uncertainty, including an EBITDA of nearly EUR 2.9 billion and a net income of approximately EUR 1.15 billion, reflecting strong cash flow generation and increased resilience.

Positive Dividend and Guidance

Naturgy announced a dividend of EUR 0.60 per share and provided an optimistic guidance for 2025 with expected EBITDA above EUR 5.3 billion and net income over EUR 2 billion, both surpassing market expectations.

Energy Management and Thermal Generation Growth

Energy management EBITDA increased by 36% and thermal generation EBITDA grew by 10% due to higher margins and increased activity in Spain, indicating robust operational performance.

Strong Cash Flow and Investment

Free cash flow after minorities reached nearly EUR 1.3 billion, with EUR 3 billion invested, demonstrating strong cash flow generation and strategic investments in growth areas.

Network and Renewable Generation Resilience

The networks segment generated an EBITDA of EUR 1,344 million, and renewable generation showed higher results due to new capacity. These sectors demonstrate operational resilience and strategic growth.

Naturgy Energy Group SA (GASNY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GASNY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 03, 2026	2025 (Q4)	0.23 / -	0.075	―	―	―
Jul 23, 2025	2025 (Q2)	0.11 / 0.14	0.237	-39.66% (-0.09)
Feb 20, 2025	2024 (Q4)	0.06 / 0.07	0.079	-5.06% (>-0.01)
Oct 30, 2024	2024 (Q3)	0.08 / -	0.239	―	―	―
Jul 23, 2024	2024 (Q2)	0.12 / 0.24	0.112	111.61% (+0.12)
May 10, 2024	2024 (Q1)	0.11 / 0.11	0.11	-1.82% (>-0.01)	―	―
Feb 27, 2024	2023 (Q4)	0.07 / 0.08	―	―
Nov 08, 2023	2023 (Q3)	0.12 / 0.12	0.11	11.82% (+0.01)	―	―
Jul 24, 2023	2023 (Q2)	0.11 / 0.11	0.063	77.78% (+0.05)
Apr 27, 2023	2023 (Q1)	- / -	0.081	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GASNY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$6.37	$6.31	-0.94%
Feb 20, 2025	$4.95	$5.19	+4.85%
Oct 30, 2024	$4.81	$4.86	+1.04%
Jul 23, 2024	$4.50	$4.54	+0.89%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Naturgy Energy Group SA (GASNY) report earnings?

Naturgy Energy Group SA (GASNY) is schdueled to report earning on Mar 03, 2026, TBA (Confirmed).

What is Naturgy Energy Group SA (GASNY) earnings time?

Naturgy Energy Group SA (GASNY) earnings time is at Mar 03, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GASNY EPS forecast?

GASNY EPS forecast for the fiscal quarter 2025 (Q4) is 0.24.

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