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Naturgy Energy Group SA (GASNY)
OTHER OTC:GASNY
Earnings Data
Report Date
Jul 28, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.14Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a predominantly positive operational and financial performance for FY2025: record EBITDA, higher net income, strong cash generation, disciplined CapEx, increased shareholder returns, improved liquidity and a materially reduced gas risk profile via hedging and long-term contracts. These strengths are offset by identifiable near-term challenges including FX headwinds across LatAm, weaker supply and some network declines driven by one-off comparatives, commodity price softness, permitting delays for renewables/biomethane and an expected modest increase in net debt in 2026 tied to scheduled payments. Management emphasized strong risk management, a commitment to financial discipline (BBB rating), and clear mitigation actions (high hedging, regulated tariff reviews, selective growth), suggesting the positives materially outweigh the negatives.Company Guidance
Record EBITDA and Strong Profitability
EBITDA reached EUR 5.3 billion in FY2025, a record level for the company, with net income above EUR 2.0 billion (exceeding guidance).
Robust Cash Generation and Improved Free Cash Flow
Cash flow from operations was EUR 4.5 billion; free cash flow after minorities was ~EUR 2.2 billion, EUR 800 million above 2024 (≈+58%), demonstrating strong cash generation and funding capacity.
Strengthened Balance Sheet and Liquidity
Net debt closed at EUR 12.3 billion, below prior guidance (~EUR 13 billion). Average cost of debt stood at 3.9% with ~66% fixed; FFO-to-net debt ≈27%, comfortably above the BBB threshold; completed ~EUR 11 billion of financing operations and reported liquidity around EUR 10 billion.
Disciplined Capital Allocation and Shareholder Returns
CapEx was EUR 2.1 billion (in line with strategic plan). Proposed total dividend EUR 1.77/share (+~11% YoY), above the committed floor (EUR 1.7). Dividend floor for 2026 set at EUR 1.8/share.
Successful Risk Management and Hedging
High hedging levels led to Energy Management EBITDA of EUR 815 million (+8% YoY) and nearly full hedging for 2026 (negligible sensitivity to TTF/Henry Hub/power price moves). Sonatrach price agreement (2025–2027) and a long-term US-sourced LNG SPA (Venture Global starting 2030) increased supply visibility and reduced gas risk profile.
Thermal Generation Outperformance
Thermal generation EBITDA reached EUR 837 million, +39% YoY, supported by higher ancillary services demand in Spain and a favorable court ruling on hydrocarbons tax reimbursement.
Renewables Growth and Capacity Under Construction
Renewable installed capacity reached 8.1 GW at year-end 2025; renewables EBITDA was EUR 586 million (slightly above 2024). There is ~1.2 GW under construction to come into operation in 2026 (including 640 MW + 115 MW repowering targeted in Spain by Q4 2026).
Operational Efficiency Gains
Efficiency improvements reduced OpEx margin from ~36% to ~25% over the transformation period, supported by portfolio simplification, OneGrid best practices and adoption of genAI in commercial activities.
Improved Market Liquidity and Governance Progress
Tender offer and subsequent placements increased free float to >23%; average daily traded volume (ADTV) was ~5x higher from Jan 2025 to Jan 2026. Governance adjustments were unanimously approved by the Board to align with long-term objectives.
Biomethane and Data Center Positioning
Biomethane distribution by Nedgia rose to 170 GWh (+53% YoY); Spain doubled operational plants from 12 to 24 and has >75 projects (≈5.5 TWh potential). Company holds ~3 GW of power-suitable locations (≈500 MW renewables, 400 MW CCGT) and a conservative 2 GW data center pipeline to monetize via PPAs and energy services with limited capital deployment.
GASNY Earnings History
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 |
|---|---|---|---|
Feb 18, 2026 | $6.26 | $6.04 | -3.47% |
Oct 29, 2025 | $6.14 | $6.12 | -0.39% |
Jul 23, 2025 | $6.28 | $6.23 | -0.84% |
Feb 20, 2025 | $4.88 | $5.12 | +4.83% |
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 Jul 28, 2026, TBA (Confirmed).
What is Naturgy Energy Group SA (GASNY) earnings time?
Naturgy Energy Group SA (GASNY) earnings time is at Jul 28, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is GASNY EPS forecast?
Currently, no data Available