Overview
- Enagás posted a net profit of €204 million for the first nine months, down about 22% from a year earlier, with revenues of €711 million and EBITDA of €491 million.
- The company reaffirmed its full-year goals of recurring profit around €195 million and EBITDA of €620 million and confirmed its intention to pay €1 per share in dividends.
- Results included a positive contribution from the sale of 40% of Enagás Renovable and operational gains from the Alisios LNG vessel and Axent, plus higher income from participations after TAP work and the Teréga stake.
- A €45 million negative impact tied to the 2021–2026 regulatory framework and the timing of regulated returns weighed on earnings while net debt rose to €2,979 million.
- Enagás is pursuing an efficiency plan that has cut costs so far and aims to limit expense growth to under 1.5% for the year, with management stressing a conservative debt profile to support the dividend and targets.