Link Securities | As reported by the digital newspaper CapitalBolsa.com, Naturgy (NTGY), together with three other companies, Compost Segrià, Sitra, and Servei de Gestió Ramadera, has initiated the processing of a new renewable gas plant in Torrefarrera (Lleida), in an area of Spain that generates large quantities of agricultural and livestock waste. The plant will represent an investment of €18 million. The facility, which is expected to be commissioned in…

Naturgy earned up to September 1.061 billion euros, which represents a growth of more than 36% in an environment of high volatility in prices in the international energy markets and in a time of “high regulatory uncertainty”. In the first nine months, investments have grown by 26% to 2.6 billion euros. The board of directors has approved an interim dividend of 0.40 euros for the financial year 2022, which will…

Naturgy has reported a net profit in the first quarter of 347 million euros, a fall of 9.4%. Revenues have been affected by the downward pressure on co-market margins in Spain and a decline in demand. Naturgy increased its total investments in the first quarter by 32% to 259 million euros. Net debt amounted to 13.062 billion, up 1.8% compared to the end of 2021, after paying a dividend of…

Santander Corporate & Investment | S&P has put Naturgy Energy Group (Baa2e, BBB*-, BBBe) on credit watch negative. The decision comes in the wake of Naturgy’s announcement on February 10 that it will split into two groups (NetworksCo and MarketsCo). The ratings agency considers that this third strategy change by Naturgy in 18 months indicates that “the governance is inferior to the average and that the company is totally focused…

Naturgy will face the energy transition divided into two companies which will be listed on the stock exchange. The Géminis project, as the company headed by Francisco Reynés has announced, has been approved by the entire board. This includes the new representative of the Australian fund IFM, who has just joined the company. The regulated distribution infrastructure business will be integrated within one of the companies, while the other will…