Spain · Delayed Price · Currency is EUR Enagás Earnings Call Transcripts
Fiscal Year 2025
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2025 saw strong financial and operational performance, with core after-tax profit and EBITDA exceeding targets, robust gas demand growth, and major progress in hydrogen infrastructure. 2026 guidance remains conservative, with stable dividends and investments focused on regulated and hydrogen assets.
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H1 2025 results exceeded expectations, driven by capital gains and strong operations. Strategic progress in hydrogen and gas infrastructure, robust liquidity, and a sustainable dividend policy position the company for future growth.
Fiscal Year 2024
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2024 saw strong financial results, a major debt reduction, and strategic progress in hydrogen infrastructure. The company raised its 2025-2030 investment plan by 45% to €4.03 billion, with hydrogen as the main growth driver and a sustainable €1/share dividend expected through 2030.
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Asset rotation and cost control drove a stronger balance sheet, with EBITDA up 3.7% year-over-year and net debt at its lowest since 2008. Hydrogen infrastructure investment and regulatory progress position the company for long-term growth, with a sustainable dividend outlook in the EUR 0.8-1.1 range.