Romania · Delayed Price · Currency is RON S.N.T.G.N. Transgaz Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 profit exceeded budget by 25% but fell 21% year-over-year, with higher booked capacity and lower costs offset by decreased operating revenue. Moldova operations improved, and major projects like Mintia and Black Sea are set to increase volumes and lower tariffs.
Fiscal Year 2025
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Preliminary 2025 results show operating profit up 200% and net profit up 290% year-over-year, driven by strong revenue growth and efficiency gains. Major investments and expanded export capacity position the group for future growth.
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Gross and net profit surged year-over-year, driven by higher capacity bookings, commodity revenues, and strong subsidiary performance. Major investments and regulatory-approved corrections will shape future results, with robust demand at key interconnections.
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Net profit surged 87% year-over-year in Q1 2025, driven by a 148% rise in operating revenue and strong capacity bookings. Major infrastructure projects and hydrogen initiatives are advancing, with a RON 350 million revenue surplus to be returned over two years.
Fiscal Year 2024
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Gross and net profit more than doubled year-over-year, driven by higher operational revenues and cost efficiencies. Major infrastructure projects and increased gas transmission volumes are expected, with significant CapEx planned and regulatory adjustments ongoing.
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Net profit for the first nine months of 2024 rose fourfold year-over-year, driven by the approval of regulated revenue and updated tariffs. Major infrastructure projects are progressing, while market uncertainties and the loss of Gazprom revenue present ongoing risks.
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Net profit more than doubled year-over-year, driven by higher transmission tariffs and regulated revenue, while operating costs rose due to increased royalties and the integration of Moldova's transmission system. Major investments are underway, supported by new financing.