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Enagás Posts €176M H1 Profit Led by CIADI Ruling and Asset Sale

Extraordinary gains from a CIADI ruling plus the sale of a Mexican compression station boost results; Enagás presses for higher regulated returns to fund hydrogen infrastructure

Archivo - El Consejero Delegado de Enagás, Arturo Gonzalo, durante una rueda de prensa, en la sede de Enagás
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Overview

  • Enagás reported a net profit of €176 million for the first half of 2025, reversing a €210.8 million loss in the same period of 2024.
  • The turnaround was driven by €41.2 million in gains from a favorable CIADI award on its Peruvian pipeline claim and €5.1 million from selling the Soto La Marina compression station.
  • Excluding these one-off items, recurring net profit reached €129.8 million, keeping the company on track to meet its €265 million full-year target.
  • Operating revenues climbed 3.8% to €459.6 million while EBITDA fell 14.6% to €329.3 million but remains aligned with the €670 million forecast for 2025.
  • Enagás reduced net debt by €105 million to €2.299 billion with over 80% at fixed rates and reaffirmed its 2025 outlook including a €1 per share dividend and a call for a 7.5–8% regulated return to support its hydrogen strategy.