Naturgy Energy Group SA (GASNY)
OTHER OTC:GASNY
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Naturgy Energy Group SA
(OTC:GASNY)
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Rating:68Neutral
Price Target:
$7.00
â–²(16.86% Upside)
Action:Reiterated
Date:03/01/26
The score is driven primarily by financially solid but not risk-free fundamentals (stable profitability and cash generation, offset by revenue decline and leverage). Valuation is supportive with a moderate P/E and ~4% yield, while the latest call was broadly constructive (stable guidance, strong hedging and liquidity) despite near-term net debt and FX/regulatory headwinds. Technicals indicate only mild positive momentum.
Positive Factors
Improved Margins
The improvement in gross profit margin indicates better cost management and operational efficiency, which can enhance long-term profitability and competitiveness.
Negative Factors
Revenue Decline
Continued revenue decline poses a risk to financial stability and growth, potentially impacting the company's ability to invest in future projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Margins
The improvement in gross profit margin indicates better cost management and operational efficiency, which can enhance long-term profitability and competitiveness.
Read all positive factors
Naturgy Energy Group SA (GASNY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$30.72B
Dividend Yield4.19%
Average Volume (3M)2.19K
Price to Earnings (P/E)11.4
Beta (1Y)0.09
Revenue Growth5.33%
EPS Growth14.35%
CountryUS
Employees6,594
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)0.42
Shares Outstanding4,848,069,000
10 Day Avg. Volume0
30 Day Avg. Volume2,194
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)2.67
Price to Sales (P/S)1.34
P/FCF Ratio10.94
Enterprise Value/Market Cap0.69
Enterprise Value/Revenue1.05
Enterprise Value/Gross Profit2.73
Enterprise Value/Ebitda4.52
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.49
Revenue Forecast (FY)$22.83B
Naturgy Energy Group SA Business Overview & Revenue Model
Company Description
Naturgy Energy Group, S.A., together with its subsidiaries, engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of natural gas. It operates through Energy and Network Management, Renewables and New Busin...
How the Company Makes Money
Naturgy generates revenue through several key streams, primarily from the sale of electricity and natural gas to residential, commercial, and industrial customers. The company's revenue model includes both regulated and unregulated activities, wit...
Naturgy Energy Group SA Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
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.Positive Updates
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).
Negative Updates
Networks EBITDA Decline and LatAm FX Drag
Networks EBITDA was EUR 2,735 million in 2025, down ~5% YoY. Decline driven by absence of a one-off positive effect in Chile from 2024 and broad-based depreciation of Latin American currencies (notably ARS, BRL, MXN), negatively impacting results.
Read all updates
Q4-2025 Updates
Positive
Negative
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).
Read all positive updates
Company Guidance
The company guided to 2026 EBITDA at about the 2025 level (2025 EBITDA EUR 5.3bn), net income slightly below 2025 but clearly above EUR 1.8bn (2025 net income ~EUR 2.0bn), and CapEx/investment around last year’s c. EUR 2.1bn (with ~EUR 1.0bn to networks and ~EUR 0.8bn to renewables); 1.2 GW of renewables are under construction to come onstream in 2026, total installed capacity was 8.1 GW at year‑end 2025, free cash flow after minorities was ~EUR 2.2bn (CFO ~EUR 4.5bn), net debt closed 2025 at EUR 12.3bn (net debt/EBITDA ~2.3x) and is expected to rise in 2026 in line with guidance (market discussion around ~EUR 13.5bn), FFO/net debt ~27% (comfortably above BBB thresholds), average cost of debt ~3.9% with ~66% fixed, liquidity ~EUR 10bn, completed ~EUR 11bn of financings, dividend floor for 2026 set at EUR 1.80/share (2025 DPS proposed EUR 1.77), strong hedging (nearly fully hedged for 2026, largely hedged into 2027–28) and contracted sales coverage (electricity ~65% industrial / ~75% retail; gas ~75% industrial / ~80% retail).Naturgy Energy Group SA Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
56
Neutral
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.16B | 18.69B | 19.27B | 22.62B | 33.97B | 22.14B |
| Gross Profit | 7.78B | 5.15B | 7.70B | 7.51B | 6.88B | 5.43B |
| EBITDA | 4.70B | 4.99B | 5.22B | 5.19B | 4.51B | 3.76B |
| Net Income | 2.00B | 1.94B | 1.90B | 1.99B | 1.65B | 1.21B |
Balance Sheet | ||||||
| Total Assets | 36.51B | 39.08B | 40.84B | 37.89B | 40.39B | 38.25B |
| Cash, Cash Equivalents and Short-Term Investments | 3.30B | 4.66B | 6.10B | 4.12B | 4.39B | 4.36B |
| Total Debt | 0.00 | 17.87B | 17.98B | 15.96B | 16.26B | 16.81B |
| Total Liabilities | 26.75B | 27.72B | 29.18B | 25.96B | 30.41B | 29.38B |
| Stockholders Equity | 7.78B | 9.34B | 9.48B | 9.45B | 7.57B | 5.89B |
Cash Flow | ||||||
| Free Cash Flow | 2.41B | 2.28B | 1.79B | 2.43B | 2.16B | -203.00M |
| Operating Cash Flow | 4.63B | 4.35B | 3.99B | 4.86B | 2.16B | 1.00B |
| Investing Cash Flow | -2.11B | -1.81B | -1.82B | -2.74B | -1.49B | 1.90B |
| Financing Cash Flow | -3.26B | -3.53B | -239.00M | -2.26B | -2.85B | -2.85B |
Naturgy Energy Group SA Technical Analysis
Positive
5.99
Price Trends
6.15
Positive
6.08
Positive
6.06
Positive
Market Momentum
0.06
Negative
65.46
Neutral
93.54
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GASNY, the sentiment is Positive. The current price of 5.99 is below the 20-day moving average (MA) of 6.35, below the 50-day MA of 6.15, and below the 200-day MA of 6.06, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 65.46 is Neutral, neither overbought nor oversold. The STOCH value of 93.54 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GASNY.
Naturgy Energy Group SA Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $29.80B | 13.21 | 9.59% | 2.15% | 8.81% | 13.54% | |
70 Outperform | $5.82B | 6.33 | 13.74% | 4.01% | 8.52% | -18.44% | |
68 Neutral | $30.72B | 11.38 | 23.65% | 4.19% | 5.33% | 14.35% | |
66 Neutral | $6.44B | 11.37 | 11.86% | 3.07% | -48.15% | 105.44% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | $22.32B | 11.02 | 10.37% | 2.69% | 15.01% | 8.33% | |
62 Neutral | $7.41B | 3.76 | 12.77% | 3.92% | 0.52% | 20.56% |
* Utilities Sector Average
GASNY
Naturgy Energy Group SA
6.48
0.70
12.15%
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NJR
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25.32%
SWX
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89.04
22.01
32.83%
UGI
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34.85
0.69
2.02%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.