Declared Dividend • May 20
Dividend of €0.49 announced Shareholders will receive a dividend of €0.49. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 4.9%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not covered by cash flows (dividend approximately 11x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 2.8% over the next 3 years. However, it would need to fall by 14% to increase the payout ratio to a potentially unsustainable range. Ankündigung • Apr 23
Enagás, S.A. (BME:ENG) has reached an agreement to acquire 31.50% stake in Teréga SAS from GIC Private Limited for approximately €570 million. Enagás, S.A. (BME:ENG) has reached an agreement to acquire 31.50% stake in Teréga SAS from GIC Private Limited for approximately €570 million on April 21, 2026. A cash consideration of €573 million will be paid by Enagás, S.A. In related separate transaction, Enagás has also completed the sale of 40% of Enagás Renovable to Hy24 for €48 million. The transaction is fully compatible with Enagás's investment plan in renewable hydrogen, contributes to improving its growth profile, and strengthens the company's dividend policy and long-term sustainability.
The transaction is subject to the fulfilment of the conditions precedent customary for this type of transaction, including the required regulatory approvals. Enagás estimates that the closing will take place during the 2026 financial year. Ankündigung • Feb 19
Enagás, S.A., Annual General Meeting, Mar 25, 2026 Enagás, S.A., Annual General Meeting, Mar 25, 2026. Location: auditorio ifema sur, avenida partenon 5., madrid Spain Ankündigung • Feb 03
Enagás, S.A. to Report Fiscal Year 2025 Results on Feb 17, 2026 Enagás, S.A. announced that they will report fiscal year 2025 results Pre-Market on Feb 17, 2026 Ankündigung • Oct 11
Enagás, S.A. to Report Q3, 2025 Results on Oct 21, 2025 Enagás, S.A. announced that they will report Q3, 2025 results Pre-Market on Oct 21, 2025 Ankündigung • Jul 24
Enagás, S.A. (BME:ENG) acquired Axent Infraestructuras de Telecomunicaciones S.A. from Axión Infraestructuras de Telecomunicaciones, S.A.U. Enagás, S.A. (BME:ENG) acquired Axent Infraestructuras de Telecomunicaciones S.A. from Axión Infraestructuras de Telecomunicaciones, S.A.U. on July 24, 2025. A cash consideration of €37.5 million will be paid by Enagás, S.A. for 51% stake.
Enagás, S.A. (BME:ENG) completed the acquisition of Axent Infraestructuras de Telecomunicaciones S.A. from Axión Infraestructuras de Telecomunicaciones, S.A.U. on July 24, 2025. Ankündigung • Jul 09
Enagás, S.A. to Report Q2, 2025 Results on Jul 22, 2025 Enagás, S.A. announced that they will report Q2, 2025 results Pre-Market on Jul 22, 2025 Ankündigung • May 15
Estación de Compresión Soto la Marina S.A.P.I. de C.V. completed the acquisition of remaining 50% stake in Estacion De Compresion Soto La Marina Sapi DE CV from Enagás, S.A. (BME:ENG) for $17 million. Estación de Compresión Soto la Marina S.A.P.I. de C.V. has reached an agreement to acquire remaining 50% stake in Estacion De Compresion Soto La Marina Sapi DE CV from Enagás, S.A. (BME:ENG) for $15 million on June 27, 2024. A cash consideration of $15 million will be paid by Estación de Compresión Soto la Marina S.A.P.I. de C.V. As part of consideration, $15 million is paid towards common equity of Estacion De Compresion Soto La Marina Sapi DE CV. Upon completion, Estación de Compresión Soto la Marina S.A.P.I. de C.V. will own 100% stake in Estacion De Compresion Soto La Marina Sapi DE CV. The sale, which will result in net capital gains of around 4 million euros for Enagás, is part of the asset rotation process announced by the company in its 2022 2030 Strategic Plan, which prioritizes decarbonization and security of supply in Spain and Europe. This transaction is subject to compliance with conditions precedent customary to this type of transactions.
Estación de Compresión Soto la Marina S.A.P.I. de C.V. completed the acquisition of remaining 50% stake in Estacion De Compresion Soto La Marina Sapi DE CV from Enagás, S.A. (BME:ENG) for $17 million on May 14, 2025. Ankündigung • Apr 11
Enagás, S.A. to Report Q1, 2025 Results on Apr 30, 2025 Enagás, S.A. announced that they will report Q1, 2025 results Pre-Market on Apr 30, 2025 Ankündigung • Mar 24
Enagás, S.A.(BME:ENG) dropped from FTSE All-World Index (USD) Enagás, S.A.(BME:ENG) dropped from FTSE All-World Index (USD) Ankündigung • Feb 20
Enagás, S.A., Annual General Meeting, Mar 26, 2025 Enagás, S.A., Annual General Meeting, Mar 26, 2025. Location: auditorioifema sur, avenida partenon 5, madrid Spain Ankündigung • Feb 11
Enagás, S.A. to Report Fiscal Year 2024 Results on Feb 18, 2025 Enagás, S.A. announced that they will report fiscal year 2024 results Pre-Market on Feb 18, 2025 Ankündigung • Jul 10
Enagás, S.A. to Report First Half, 2024 Results on Jul 23, 2024 Enagás, S.A. announced that they will report first half, 2024 results on Jul 23, 2024 Ankündigung • Jun 28
Estación de Compresión Soto la Marina S.A.P.I. de C.V. has reached an agreement to acquire remaining 50% stake in Estacion De Compresion Soto La Marina Sapi DE CV from Enagás, S.A. (BME:ENG) for $15 million. Estación de Compresión Soto la Marina S.A.P.I. de C.V. has reached an agreement to acquire remaining 50% stake in Estacion De Compresion Soto La Marina Sapi DE CV from Enagás, S.A. (BME:ENG) for $15 million on June 27, 2024. A cash consideration of $15 million will be paid by Estación de Compresión Soto la Marina S.A.P.I. de C.V. As part of consideration, $15 million is paid towards common equity of Estacion De Compresion Soto La Marina Sapi DE CV. Upon completion, Estación de Compresión Soto la Marina S.A.P.I. de C.V. will own 100% stake in Estacion De Compresion Soto La Marina Sapi DE CV. The sale, which will result in net capital gains of around 4 million euros for Enagás, is part of the asset rotation process announced by the company in its 2022 2030 Strategic Plan, which prioritizes decarbonization and security of supply in Spain and Europe. This transaction is subject to compliance with conditions precedent customary to this type of transactions. Reported Earnings • Apr 25
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.25. Revenue: €215.7m (flat on 1Q 2023). Net income: €65.3m (up 20% from 1Q 2023). Profit margin: 30% (up from 25% in 1Q 2023). Revenue is forecast to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 19
Final dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 2nd July 2024 Payment date: 4th July 2024 Dividend yield will be 10%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio) nor is it covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. However, EPS is expected to decline by 27% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Ankündigung • Apr 13
Enagás, S.A. to Report Q1, 2024 Results on Apr 23, 2024 Enagás, S.A. announced that they will report Q1, 2024 results Pre-Market on Apr 23, 2024 Declared Dividend • Mar 25
Final dividend of €0.85 announced Shareholders will receive a dividend of €0.85. Ex-date: 2nd July 2024 Payment date: 4th July 2024 Dividend yield will be 11%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is not covered by earnings (133% earnings payout ratio) nor is it covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 47% to bring the payout ratio under control. However, EPS is expected to decline by 28% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: €1.31 (vs €1.44 in FY 2022) Full year 2023 results: EPS: €1.31 (down from €1.44 in FY 2022). Revenue: €907.6m (down 5.2% from FY 2022). Net income: €342.5m (down 8.8% from FY 2022). Profit margin: 38% (down from 39% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 3.8% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Ankündigung • Feb 21
Enagás, S.A., Annual General Meeting, Mar 20, 2024 Enagás, S.A., Annual General Meeting, Mar 20, 2024, at 12:00 Central European Standard Time. Location: Avenida Partenón 5 28042, Madrid (Auditorio Ifema Sur) Madrid Spain Agenda: To examine and, if appropriate, approve the 2023 Annual Accounts (Balance Sheet, Income Statement, Statement of Changes in Equity, Cash Flow-Statement and Notes) and Management Report of Enagás S.A. and its Consolidated Group; to approve the Consolidated Non-Financial Information Statement included in the Enagás Group Management Report for financial year 2023; to approve, if applicable, the proposed distribution of Enagás, S.A.'s profit for 2023; to approve, if appropriate, the performance of the Board of Directors of Enagás, S.A. for financial year 2023; and to discuss other matters. Ankündigung • Feb 03
Enagás, S.A. to Report Fiscal Year 2023 Results on Feb 20, 2024 Enagás, S.A. announced that they will report fiscal year 2023 results Pre-Market on Feb 20, 2024 New Risk • Nov 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 96% Cash payout ratio: 91% Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (31% net profit margin). Ankündigung • Jul 06
Enagás, S.A. to Report Q2, 2023 Results on Jul 26, 2023 Enagás, S.A. announced that they will report Q2, 2023 results at 9:00 AM, Romance Standard Time on Jul 26, 2023 Upcoming Dividend • Jun 27
Upcoming dividend of €0.84 per share at 9.7% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 9.7%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (4.8%). Ankündigung • Jun 03
Enagás, S.A. (BME:ENG) agreed to acquire 10% stake in Hanseatic Energy Hub GmbH from Fluxys Belgium SA (ENXTBR:FLUX). Enagás, S.A. (BME:ENG) agreed to acquire 10% stake in Hanseatic Energy Hub GmbH from Fluxys Belgium SA (ENXTBR:FLUX) on June 1, 2023. The transaction is subject to compliance with the conditions precedent. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: €1.44 (vs €1.54 in FY 2021) Full year 2022 results: EPS: €1.44 (down from €1.54 in FY 2021). Revenue: €970.3m (flat on FY 2021). Net income: €375.8m (down 6.9% from FY 2021). Profit margin: 39% (down from 41% in FY 2021). Revenue is forecast to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year. Ankündigung • Jan 28
Enagás, S.A. (BME:ENG) and Fluxys Belgium SA (ENXTBR:FLUX) agreed to acquire 5% stake in Trans Adriatic Pipeline AG from Axpo Solutions AG in a deal valued at €210 million. Enagás, S.A. (BME:ENG) and Fluxys Belgium SA (ENXTBR:FLUX) agreed to acquire 5% stake in Trans Adriatic Pipeline AG from Axpo Solutions AG in a deal valued at €210 million on January 27, 2023. Belgium’s Fluxys will acquire 1% and Spain’s Enagás 4% of Axpo’s 5% equity stake. Both companies will thus reach 20% ownership of TAP, which includes UK shareholder bp (20%), Azerbaijan’s SOCAR (20%), and Italy’s Snam (20%). The transaction is subject to customary conditions and closing is expected in the second half of 2023. Ankündigung • Jan 17
Enagás, S.A. (BME:ENG) reached an agreement to acquire 20% stake in BBL Company V.O.F. from Uniper Ruhrgas BBL B.V. for €75 million. Enagás, S.A. (BME:ENG) reached an agreement to acquire 20% stake in BBL Company V.O.F. from Uniper Ruhrgas BBL B.V. for €75 million on January 16, 2023. The transaction is subject to regulatory approvals and the non-execution of a pre-emption right of the other interestholders in BBL and EU Commission. On December 20, 2022 the EU Commission approved the stabilization package for Uniper under state aid law. Upcoming Dividend • Dec 12
Upcoming dividend of €0.56 per share Eligible shareholders must have bought the stock before 19 December 2022. Payment date: 21 December 2022. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 10.0%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (5.5%). Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: EPS: €1.24. Revenue: €242.0m (up 3.8% from 3Q 2021). Net income: €323.2m (up 243% from 3Q 2021). Revenue is forecast to decline by 5.1% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Jul 28
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €247.9m (up 3.9% from 2Q 2021). Net loss: €39.1m (down 133% from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 2.5% compared to a 12% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 28
Upcoming dividend of €0.83 per share Eligible shareholders must have bought the stock before 05 July 2022. Payment date: 07 July 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.2%. Within top quartile of British dividend payers (5.2%). Higher than average of industry peers (5.3%). Buying Opportunity • Jun 09
Now 21% undervalued Over the last 90 days, the stock is up 8.8%. The fair value is estimated to be €27.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 7.9%. For the next 3 years, revenue is forecast to decline by 5.5% per annum. Earnings is also forecast to decline by 12% per annum over the same time period. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €1.54 (down from €1.70 in FY 2020). Revenue: €975.7m (down 7.4% from FY 2020). Net income: €403.8m (down 9.0% from FY 2020). Profit margin: 41% (in line with FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 5.9% decline forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • Dec 10
Upcoming dividend of €0.55 per share Eligible shareholders must have bought the stock before 17 December 2021. Payment date: 21 December 2021. The company is paying out more than 100% of its profits and is paying out 79% of its cash flow. Trailing yield: 8.2%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (5.4%). Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS €0.36 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €233.1m (down 4.1% from 3Q 2020). Net income: €94.2m (down 16% from 3Q 2020). Profit margin: 40% (down from 46% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Jul 30
Second quarter 2021 earnings released The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €248.2m (down 9.1% from 2Q 2020). Net income: €120.2m (up 2.5% from 2Q 2020). Profit margin: 48% (up from 43% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Jun 29
Upcoming dividend of €0.82 per share Eligible shareholders must have bought the stock before 06 July 2021. Payment date: 08 July 2021. Trailing yield: 8.5%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (5.9%). Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS €0.35 The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: €232.4m (down 13% from 1Q 2020). Net income: €92.9m (down 22% from 1Q 2020). Profit margin: 40% (down from 45% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Is New 90 Day High Low • Feb 18
New 90-day low: €17.24 The company is down 14% from its price of €20.04 on 19 November 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.30 per share. Is New 90 Day High Low • Dec 22
New 90-day low: €18.08 The company is down 7.0% from its price of €19.43 on 22 September 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.60 per share. 
