enagas

Companies, Relevant News Item 17th February 2026

Enagás achieves 2025 targets: €339 million profit from capital gains on Soto la Marina sale, Sercomgas, Axent revaluation and update of GSP value

Renta 4 | The company’s revenues continue to be affected by the recording of the effects of the work carried out to seal the Castor wells (impact of €6 million on EBITDA). Regulated revenues are down due to the regulatory framework, in line with our forecast. EBITDA, reflecting a result from investees of €155 million, slightly higher than our forecast, and recurring operating expenses in line with 2024, slightly improves…

Companies 29th July 2025

Enagás acquires 100% of Axent, expected impact of €15 million on 2025 net profit

Norbolsa | The company has agreed to acquire the remaining 51% of Axent for €37.5 million, thereby acquiring 100% of the capital. Axent operates in fibre telecommunications infrastructure and the transaction is expected to have a positive impact of €15 million on net profit in 2025. The transaction marks the exit of the Spanish fund Axión Infraestructuras de Telecomunicaciones from this fibre optic and radio link platform,created in partnership with…

Spanish economy 12th February 2025

Enagás pre-2024: Ebitda could exceed guidance (€730-740m) and BDI to pick up Tallgrass and GSP losses

Renta 4 | Enagás will present its 2024 results probably on Tuesday 18 February 2025 before the open, conference that same day at 8am. P.O. €19.21, overweight. Slight cut expected in revenues, as a result of lower estimated regulated revenues that will not be offset by the higher contribution from Musel and COPEX. Ebitda in turn will be affected by the lower contribution from investees despite the partial compensation of…

Spanish economy 11th October 2024

Enagás begins search for clients for H2Med green hydrogen corridor

Enagás and its partners are preparing to face the first major test for H2Med, the future hydrogen interconnection that will link Spain and Portugal with France and Germany, explains El Economista. The system operators from the countries involved in this project – Enagás in Spain, REN in Portugal, Teréga and GRTgaz in France, and OGE in Germany – will launch the so-called ‘Call for Interest’ on November 7th, aimed at…

Companies, Ibex 2nd August 2024

Government gives Enagás green light to start Spanish part of H2Med

Banco Sabdell : According to press reports, the Council of Ministers will today authorise Enagás to start the Spanish part of the future European hydrogen network, H2Med. Work should start soon to meet the target of being operational by 2030. Assessment: Positive news with limited impact, as it will be a long process until 2030, the date initially planned (ceteris paribus) for the start of operations. H2Med is estimated to…

Spanish economy 12th July 2024

€1 billion in cash from sale of Tallgrass Energy stake to benefit Enagás’ credit profile

Santander Corporate & Investment | Enagás (Baa2u e, BBB e, BBB e) has announced the sale of its 30.2% stake in Tallgrass Energy to Blackstone for $1.1 billion (equivalent to €1.018 billion). The company noted that the sale is part of the asset rotation programme announced in the 2022-30 Strategic Plan. Enagás will record an accounting loss of €360 million, but also noted that the divestment will have a very…

European economy 1st July 2024

Construction begins on Germany’s first onshore LNG plant to be operated by Enagás

Alphavalue/DIVACONS | The laying of the foundation stone for Germany’s first onshore Liquefied Natural Gas (LNG) terminal, which will be operated by Enagás and come on stream in 2027, was held last Friday in Stade. More than 1,100 people will work on the construction of Europe’s two largest LNG tanks, each with a capacity of 240,000 cubic metres, which will also be able to operate with renewable ammonia. The terminal…

Spanish economy 23rd April 2024

ENAGAS increases 1Q24 profit by 19%

Total demand for natural gas fell by -4.0% in 1Q2024 compared to the same period in 2023. But the company’s total revenues as of 31 March 2024 remained the same as in 1Q23: €220.5 million. EBITDA at 31 March 2024 stood at €178.3 million, 2.7% higher than in 1Q2023 and on track to meet ENG’s annual target of €750 – 760 million. EBIT decreased by 3.1% year-on-year in 1Q2024 to…

European economy 29th March 2024

Enagás raises stake in HEH consortium to 15% and will take over management of Stade LNG plant

Banc Sabadell| Enagás (ENG) announced at the AGM that it will consolidate its presence in Germany by increasing its stake in the Hanseatic Energy Hub (HEH) consortium from 10% to 15%, where Enagás will assume the technical management of the construction of the Stade LNG plant (scheduled to come online in 2027). The total investment volume of the project amounts to around €1.6 billion (€1 billion for construction). Assessment: Low…

Spanish economy 1st February 2024

Enagás estimates Spanish investment in H2Med at €1 billion, as it registers 650 green hydrogen projects

Norbolsa| The company estimates that the investments planned to achieve the Spanish hydrogen infrastructure total €4.9 billion (€1.2 billion in underground storage and €3.7 billion in infrastructures). In this sense, for H2Med, an investment of €2,5 billion was estimated, of which €1 billion would be Spanish investment. The company registered 650 hydrogen projects from a total of 206 companies in the “Call for interest” process it launched last September to…

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