Enagás Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Arturo Aizpiri

Chief executive officer

€1.8m

Total compensation

CEO salary percentage	55.5%
CEO tenure	2.8yrs
CEO ownership	n/a
Management average tenure	2.8yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arturo Aizpiri's remuneration changed compared to Enagás's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€359m
Jun 30 2024	n/a	n/a	-€92m
Mar 31 2024	n/a	n/a	€353m
Dec 31 2023	€2m	€1m	€343m
Sep 30 2023	n/a	n/a	€281m
Jun 30 2023	n/a	n/a	€522m
Mar 31 2023	n/a	n/a	€361m
Dec 31 2022	€969k	€804k	€376m

Compensation vs Market: Arturo's total compensation ($USD1.87M) is about average for companies of similar size in the German market ($USD1.95M).

Compensation vs Earnings: Arturo's compensation has increased by more than 20% in the past year.

CEO

Arturo Aizpiri

2.8yrs

Tenure

€1,802,000

Compensation

Mr. Arturo Gonzalo Aizpiri is CEO & Executive Director of Enagás, S.A. from February 21, 2022.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Antonio Carratala	Executive Chairman	18.7yrs	€730.00k	no data
Arturo Aizpiri	CEO & Executive Director	2.8yrs	€1.80m	no data
Luis Urrestarazu	Chief Financial Officer	2.5yrs	no data	no data
Felisa Villan	Public Affairs & Investor Relations General Manager	7.2yrs	no data	no data
José Castro del Real	Director of Compliance	no data	no data	no data
Javier De Gregorio	General Manager of People & Transformation	7.2yrs	no data	no data
Diego Ruiz	Board & General Secretary	1.9yrs	no data	no data

2.8yrs

Average Tenure

Experienced Management: EG4's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Antonio Carratala	Executive Chairman	18.7yrs	€730.00k	no data
Arturo Aizpiri	CEO & Executive Director	2.8yrs	€1.80m	no data
Bartolome Toro	Proprietary Director	16.7yrs	€160.00k	no data
Ana del Valle de Lersundi	Lead Independent Director	10.8yrs	€190.00k	no data
David Sandalow	Independent Director	2.8yrs	€160.00k	no data
Santiago Costa	Proprietary Director	6.2yrs	€160.00k	no data
Eva Patricia Sanz	Independent Director	5.8yrs	€160.00k	no data
Jose Lopez	Independent Director	4.5yrs	€160.00k	no data
Jose Aguilera	Independent Director	4.5yrs	€175.00k	no data
Cristobal Jose Castillo	Independent Director	4.5yrs	€160.00k	no data
Manuel Gonzalez Ramos	Independent Director	2.8yrs	€160.00k	no data
Maria Teresa Arcos Sanchez	Independent Director	3.6yrs	€175.00k	no data

4.5yrs

Average Tenure

Experienced Board: EG4's board of directors are considered experienced (4.5 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 11:16
End of Day Share Price	2024/12/18 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Enagás, S.A. is covered by 47 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Fabrizio Spagna	Axia Financial Research
Flora Mericia Trindade	Banco BPI, S.A.
Alejandro Miranda Fournier	Banco de Madrid S.A.U.

Enagás Management

Management criteria checks 3/4

Key information

Recent management updates

Enagás, S.A., Annual General Meeting, Mar 20, 2024

Enagás, S.A., Annual General Meeting, Mar 30, 2022

Recent updates

Third quarter 2024 earnings released

New major risk - Financial position

Second quarter 2024 earnings released

Blackstone Infrastructure Partners, L.P., managed by Blackstone Inc. (NYSE:BX) has reached an agreement to acquire an additional 30.2% stake in Tallgrass Energy, LP from Enagás, S.A. (BME:ENG) for $1.1 billion.

Blackstone Infrastructure Partners, L.P., managed by Blackstone Inc. (NYSE:BX) has reached an agreement to acquire an additional 30.2% stake in Tallgrass Energy, LP from Enagás, S.A. (BME:ENG) for $1.1 billion.

Blackstone Infrastructure Partners, L.P., managed by Blackstone Inc. (NYSE:BX) has reached an agreement to acquire an additional 30.2% stake in Tallgrass Energy, LP from Enagás, S.A. (BME:ENG) for $1.1 billion.

Now 21% undervalued

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.

Now 21% undervalued

Now 21% undervalued

First quarter 2024 earnings released

Enagás, S.A. to Report Q1, 2024 Results on Apr 23, 2024

Final dividend of €0.85 announced

Full year 2023 earnings released: EPS: €1.31 (vs €1.44 in FY 2022)

Enagás, S.A., Annual General Meeting, Mar 20, 2024

Enagás, S.A. to Report Fiscal Year 2023 Results on Feb 20, 2024

New minor risk - Profit margin trend

New minor risk - Earnings quality

Second quarter 2023 earnings released

Enagás, S.A. to Report Q2, 2023 Results on Jul 26, 2023

Upcoming dividend of €0.84 per share at 9.7% yield

Enagás, S.A. (BME:ENG) agreed to acquire 10% stake in Hanseatic Energy Hub GmbH from Fluxys Belgium SA (ENXTBR:FLUX).

Full year 2022 earnings released: EPS: €1.44 (vs €1.54 in FY 2021)

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) reached an agreement to acquire 20% stake in BBL Company V.O.F. from Uniper Ruhrgas BBL B.V. for €75 million.

Upcoming dividend of €0.56 per share

Third quarter 2022 earnings released

Navantia S.A. acquired a 5% stake in Enagás Renovable, S.L.U. from Enagás, S.A. (BME:ENG).

Navantia S.A. acquired a 5% stake in Enagás Renovable, S.L.U. from Enagás, S.A. (BME:ENG).

Enagás, S.A. to Report Q3, 2022 Results on Oct 25, 2022

Enagás, S.A. (BME:ENG) signed a strategic cooperation agreement to acquire Albgaz.

Second quarter 2022 earnings released

Amancio Ortega acquired 5% stake in Enagás Renovable, S.L.U. from Enagás, S.A. (BME:ENG).

Hy24 acquired 30% stake in Enagás Renovable, S.L.U. from Enagás, S.A. (BME:ENG).

Upcoming dividend of €0.83 per share

Enagás, S.A. (BME:ENG) announces an Equity Buyback for 465,000 shares, for €10.7 million.

Now 20% undervalued

Enagás, S.A. to Report Q1, 2022 Results on Apr 26, 2022

Now 20% undervalued

Now 23% undervalued after recent price drop

Enagás, S.A., Annual General Meeting, Mar 30, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Enagás, S.A. to Report Fiscal Year 2021 Results on Feb 22, 2022

Upcoming dividend of €0.55 per share

Third quarter 2021 earnings released: EPS €0.36

Second quarter 2021 earnings released

Upcoming dividend of €0.82 per share

First quarter 2021 earnings released: EPS €0.35

New 90-day low: €17.44

New 90-day low: €17.83

New 90-day low: €17.98

Third-quarter earnings released: Revenue misses expectations

Third quarter earnings released

Enagás, S.A. to Report Q3, 2020 Results on Oct 20, 2020

New 90-day low: €19.22

New 90-day low: €19.80

New 90-day low - €20.02

Blackstone Infrastructure Partners, L.P., a fund managed by The Blackstone Group Inc. (NYSE:BX), National Pension Service, GIC Special Investments Pte. Ltd. and Enagás, S.A. (BME:ENG) completed the acquisition of additional 55.3% stake in Tallgrass Energy, LP (NYSE:TGE).

Enagás, S.A. to Report Q2, 2020 Results on Jul 28, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources