Naturgy

Naturgy launches strategic plan

Naturgy earnings up 6.4% to €2.023 billion in 2025

Naturgy presented its 2025 fiscal year results yesterday. In comparing these figures to the previous year, we highlight the following aspects: Net Sales: Increased by 1.0% year-on-year (year-on-year) in 2025, reaching €19,455 million. EBITDA: Decreased by 0.6% year-on-year to €5,334 million. In terms of sales, the EBITDA margin stood at 27.4% at the end of 2025, compared to 27.8% the previous year. EBIT: Net operating profit rose to €3,580 million…


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Blackrock plans to continue operation and reduce stake in Naturgy to around 5%

Banc Sabadell | BlackRock, following the accelerated placement of 7.1% of Naturgy’s (NTGY) capital in December (up to 12.62% NTGY), plans to continue the operation and reduce its stake to around 5% of the capital, managed solely through passive funds, according to press reports. Assessment: This news comes as no surprise, as it was partly expected since BlackRock placed 7% of the capital in December (at a price of €24.75/share,…


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CriteriaCaixa strengthens Naturgy stake to 25.98% after purchasing additional 2% from BlackRock

Norbolsa | The investment arm of Fundación LaCaixa has taken advantage of the partial sale executed last week by BlackRock to strengthen its position as the largest shareholder in the energy company and increase its stake to almost 26% of the capital, according to records from the Spanish National Securities Market Commission (CNMV). CriteriaCaixa thus recovers part of the weight it lost with the “self takeover bid” carried out by…


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CVC and March renew agreement with Naturgy to gain freedom in sale of shares

Bankinter | CVC and Corporación Financiera Alba (controlled by the March family) have announced a reformulation of their shareholder agreement with Naturgy (NTGY). CVC and CF Alba currently hold more than 18% of Naturgy, but manage it jointly through various vehicles under the common name of Rioja. With the new changes, Alba will have a direct stake of 5.01% and CVC of 13.80%. The new agreement includes the main aspects…


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Blackrock sells 7.1% of Naturgy stake, becoming fourth largest shareholder

Alphavalue / Divacons | Blackrock adjusted its stake in Naturgy to 12.6% after selling 7.1% held through Global Infrastructure Partners (GIP), according to the latest update of the National Securities Market and (CNMV) records published yesterday. This makes the investment fund the fourth largest shareholder, behind Criteria (23.96%), CVC (18.58%) and the Australian fund IFM (15.16%). Meanwhile, CriteriaCaixa strengthened its position as Naturgy’s main shareholder by increasing its stake to…


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BlackRock sells 7.1% of Naturgy’s capital in accelerated placement at €24.75 per share, 5.4% discount

Bankinter | BlackRock announced on Wednesday at the close of trading the accelerated placement of 7.1% of Naturgy (NTGY), reducing its stake from 18.5% to 11.4%. The placement price will be €24.75 per share, representing a discount of 5.4% on yesterday’s closing price. At the placement prices, the value of this package reaches €1.7 billion. BlackRock will go from being the third to the fourth largest shareholder in the company….


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Naturgy promotes project for development of seaborne floating photovoltaic technology

CdM | Naturgy (NTGY) announced on Tuesday that it has promoted, through its innovation platform Innovahub, a pioneering project in Spain for the development of floating photovoltaic technology in the open sea. It has done so in collaboration with Spanish start-up BlueNewables, with the aim of ‘exploring new renewable solutions that enable progress in the decarbonisation of the energy system’. As Naturgy explained in a statement, the project involves the…


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Naturgy to purchase 1 million tonnes of LNG per year from Venture Global for €4 billion

Alphavalue / Divacons | The energy company and Venture Global, the second largest producer and exporter of liquefied natural gas (LNG) in the United States, yesterday formalised a purchase agreement for the acquisition of one million tonnes per year of liquefied natural gas (LNG). The supply will come from the CP2 LNG plant, located in Louisiana (US). The contract is valued at more than €4 billion and will be effective…


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Naturgy rejoins MSCI indices on 25 November after increasing free float and liquidity

Link Securities | On 5 November 2025, MSCI announced the re-inclusion of Naturgy (NTGY) as a component of its MSCI indices, effective 25 November 2025. The MSCI indices serve as a key benchmark for monitoring the performance of global financial markets and are widely used by investors, fund managers and analysts. This inclusion reflects recognition of Naturgy’s increased free float market capitalisation and liquidity, as well as its compliance with…


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Naturgy’s 9M25 profit grows 6% year-on-year to €1.668 billion

Norbolsa | The company posted a net profit of €1.668 billion (+6% year-on-year) and EBITDA of €4.214 billion in 9M25, in line with record levels and with the target of exceeding €2 billion at year-end. The company maintains a solid financial profile (DN/EBITDA <2.5x) and a minimum total dividend of €1.70/share within the 2025–27 plan. Among the most notable milestones of the period, the free float increased to 18.8% from…