Announcement • Jul 03
Naturgy Energy Group, S.A. to Report First Half, 2026 Results on Jul 22, 2026 Naturgy Energy Group, S.A. announced that they will report first half, 2026 results on Jul 22, 2026 Buy Or Sell Opportunity • Jun 25
Now 21% undervalued Over the last 90 days, the stock has risen 11% to €28.04. The fair value is estimated to be €35.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings are also forecast to decline by 1.3% per annum over the same time period. Announcement • Jun 19
Naturgy Energy Group, S.A. Appoints Anke Groth as an Independent Non-Executive Director, Effect from 18 June 2026 Naturgy Energy Group, S.A. announced that appointment of Anke Groth, an independent non-executive director of Mondi plc, with effect from 18 June 2026. Announcement • May 27
Naturgy Energy Group, S.A. has filed a Follow-on Equity Offering. Naturgy Energy Group, S.A. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 107,470,037 Announcement • Apr 14
Naturgy Energy Group, S.A. to Report Q1, 2026 Results on Apr 29, 2026 Naturgy Energy Group, S.A. announced that they will report Q1, 2026 results at 9:00 AM, Central European Standard Time on Apr 29, 2026 Announcement • Feb 19
Naturgy Energy Group, S.A., Annual General Meeting, Mar 24, 2026 Naturgy Energy Group, S.A., Annual General Meeting, Mar 24, 2026. Announcement • Jan 29
Naturgy Energy Group, S.A. to Report Fiscal Year 2025 Results on Feb 18, 2026 Naturgy Energy Group, S.A. announced that they will report fiscal year 2025 results on Feb 18, 2026 Announcement • Oct 15
Naturgy Energy Group, S.A. to Report Nine Months, 2025 Results on Oct 29, 2025 Naturgy Energy Group, S.A. announced that they will report nine months, 2025 results on Oct 29, 2025 Announcement • Jul 02
Naturgy Energy Group, S.A. to Report First Half, 2025 Results on Jul 23, 2025 Naturgy Energy Group, S.A. announced that they will report first half, 2025 results on Jul 23, 2025 Announcement • Feb 24
Naturgy Energy Group, S.A., Annual General Meeting, Mar 25, 2025 Naturgy Energy Group, S.A., Annual General Meeting, Mar 25, 2025. Location: avenida de america 38, madrid Spain Announcement • Feb 14
Naturgy Energy Group, S.A. to Report Fiscal Year 2024 Results on Feb 20, 2025 Naturgy Energy Group, S.A. announced that they will report fiscal year 2024 results on Feb 20, 2025 Reported Earnings • Jul 25
First half 2024 earnings released First half 2024 results: Revenue: €9.07b (down 25% from 1H 2023). Net income: €1.04b (flat on 1H 2023). Profit margin: 12% (up from 8.7% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Gas Utilities industry in Europe. Declared Dividend • Jul 25
Dividend of €0.095 announced Shareholders will receive a dividend of €0.095. Ex-date: 30th July 2024 Payment date: 1st August 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 04
Naturgy Energy Group, S.A. to Report First Half, 2024 Results on Jul 24, 2024 Naturgy Energy Group, S.A. announced that they will report first half, 2024 results on Jul 24, 2024 Announcement • Jun 13
Taqa Drops Plans to Buy Stake in Naturgy Energy The Abu Dhabi utility company Abu Dhabi National Energy Company PJSC (ADX:TAQA) will not proceed with the planned stake buy in Spain’s Naturgy Energy Group, S.A. (BME:NTGY). “Discussions on a potential cooperation agreement with Criteria Caixa and the possible acquisition of shares in Naturgy from CVC and GIP have ended - and a transaction will not take place,” said Taqa in a statement. It was mid-April that the UAE firm confirmed its interest in Naturgy, which had revenues of EUR 5.28 billion in 2023 and net income of EUR 470.5 million. Taqa has in the recent past been pushing for higher exposure in overseas markets, whether through projects or stake purchases. In April, Taqa announced it was in discussions with Criteria Caixa for ‘potential cooperation’ on a Naturgy stake. “TAQA also confirms that it is in discussions with CVC and GIP in relation to a possible acquisition of their shares in Naturgy,” said the statement. “If such an acquisition occurs, this would trigger an offer for all the shares of Naturgy. “There can be no guarantee of any transaction nor any certainty as to the terms of any potential transaction. There has been no approach by Taqa to Naturgy”. Announcement • Apr 19
Criteria in Talks with Potential Investor in Energy Group Naturgy Spanish holding vehicle Criteria Caixa, S.A. is in discussions with an investor group that has been talking to some of Spanish energy provider Naturgy Energy Group, S.A.'s (BME:NTGY) core shareholders over a possible partnership agreement, Criteria said on April 16, 2024. Earlier, newspaper Cinco Dias cited unidentified market sources as saying that Abu Dhabi's TAQA Arabia S.A.E. (CASE:TAQA) was in discussion with Naturgy's three largest shareholders, including Criteria, over a possible takeover. Criteria said it was not part of the talks between the third party and other Naturgy shareholders, and could not provide any information in this respect. The discussions with an investor, which it did not identify, were at "a preliminary stage and it is not possible to predict the outcome," it said. According to Cinco Dias, the negotiations, involving TAQA, Criteria and private equity investment funds CVC Capital Partners Limited and Global Infrastructure Management, LLC, started over a month ago with the knowledge of the Spanish government. Criteria, which is the main shareholder in lender CaixaBank, S.A. (BME:CABK), owns a 26.7% stake in Naturgy. GIP and CVC each own around 20%. Naturgy declined to comment. TAQA did not immediately respond to an emailed request for comment. CVC declined to comment and GIP had no immediately response. If the newspaper report is correct, TAQA would have to launch a full takeover bid for the whole company, as Spanish legislation requires a mandatory tender offer when a buyer wants to acquire more than 30% of any publicly traded company. Declared Dividend • Apr 04
Dividend of €0.32 announced Shareholders will receive a dividend of €0.32. Ex-date: 5th April 2024 Payment date: 9th April 2024 Dividend yield will be 5.6%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 27% over the next 3 years. However, it would need to fall by 46% to increase the payout ratio to a potentially unsustainable range. Announcement • Mar 01
Naturgy Energy Group, S.A., Annual General Meeting, Apr 02, 2024 Naturgy Energy Group, S.A., Annual General Meeting, Apr 02, 2024, at 09:00 Central European Standard Time. Agenda: To review and approval, as the case may be, of the Annual Accounts and of the Management Report of NATURGY ENERGY GROUP, S.A. for financial year ending 31 December 2023; to review and approval, as the case may be, of the Consolidated Annual Accounts and the Management Report of the Consolidated Group of NATURGY ENERGY GROUP, S.A. for financial year ending 31 December 2023; and to discuss other matters. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.9% 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 Risk Earnings are forecast to decline by an average of 9.9% per year for the foreseeable future. Minor Risks High level of debt (82% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 28
Full year 2023 earnings released Full year 2023 results: Revenue: €22.6b (down 33% from FY 2022). Net income: €1.99b (up 19% from FY 2022). Profit margin: 8.8% (up from 4.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Gas Utilities industry in Europe. Announcement • Feb 08
Naturgy Energy Group, S.A. to Report Q4, 2023 Results on Feb 27, 2024 Naturgy Energy Group, S.A. announced that they will report Q4, 2023 results at 9:00 AM, Central European Standard Time on Feb 27, 2024 Reported Earnings • Jul 27
First half 2023 earnings released: EPS: €1.09 (vs €0.60 in 1H 2022) First half 2023 results: EPS: €1.09 (up from €0.60 in 1H 2022). Revenue: €12.1b (down 28% from 1H 2022). Net income: €1.05b (up 82% from 1H 2022). Profit margin: 8.7% (up from 3.4% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 3.5% p.a. on average during the next 3 years compared to a 2.6% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Jul 25
Naturgy Energy Group, S.A. (BME:NTGY) announces an Equity Buyback for 370,000 shares, for €11 million. Naturgy Energy Group, S.A. (BME:NTGY) announces a share repurchase program. Under the program, the company will repurchase up to 370,000 shares, for €11 million. The shares will not be repurchased at a price higher than the highest of the price of the last independent trade or the highest current independent purchase bid on the trading venue where the purchase is carried out. The repurchased shares will be used for delivery to active employees of the group in Spain who choose to have part of their salary paid in shares rather than in cash by 2024, within the framework of the general remuneration policy of the company. The program is valid until August 4, 2023. Announcement • Jul 13
Naturgy Energy Group, S.A. to Report First Half, 2023 Results on Jul 24, 2023 Naturgy Energy Group, S.A. announced that they will report first half, 2023 results on Jul 24, 2023 Announcement • Feb 01
Naturgy Energy Group, S.A. to Report Fiscal Year 2022 Results on Feb 15, 2023 Naturgy Energy Group, S.A. announced that they will report fiscal year 2022 results at 9:00 AM, Central European Standard Time on Feb 15, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released Third quarter 2022 results: EPS: €0.52. Revenue: €10.3b (up 89% from 3Q 2021). Net income: €504.0m (up 121% from 3Q 2021). Profit margin: 4.9% (up from 4.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to fall by 8.3% p.a. on average during the next 3 years compared to a 2.7% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Director Claudio Santiago Ponsa was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released Third quarter 2022 results: EPS: €0.52. Revenue: €10.3b (up 89% from 3Q 2021). Net income: €504.0m (up 121% from 3Q 2021). Profit margin: 4.9% (up from 4.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 2.2% 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 increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €8.60b (up 93% from 2Q 2021). Net income: €210.0m (up 166% from 2Q 2021). Profit margin: 2.4% (up from 1.8% in 2Q 2021). Over the next year, revenue is expected to shrink by 25% compared to a 17% decline forecast for the industry in Germany. Reported Earnings • May 15
First quarter 2022 earnings released First quarter 2022 results: EPS: €0.38. Revenue: €8.14b (up 74% from 1Q 2021). Net income: €363.0m (up 2.5% from 1Q 2021). Profit margin: 4.5% (down from 7.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 20% compared to a 5.2% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% 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. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Claudio Santiago Ponsa was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €22.1b (up 44% from FY 2020). Net income: €1.10b (up €1.47b from FY 2020). Profit margin: 5.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 33%. Over the next year, revenue is expected to shrink by 14% compared to a 2.7% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €5.43b (up 35% from 3Q 2020). Net income: €228.0m (up 44% from 3Q 2020). Profit margin: 4.2% (up from 3.9% in 3Q 2020). Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS €0.082 (vs €0.16 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €4.44b (up 35% from 2Q 2020). Net income: €79.0m (down 50% from 2Q 2020). Profit margin: 1.8% (down from 4.8% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS €0.37 The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €4.69b (down 7.5% from 1Q 2020). Net income: €354.0m (up 78% from 1Q 2020). Profit margin: 7.6% (up from 3.9% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 06
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €15.3b (down 33% from FY 2019). Net loss: €371.0m (down 126% from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 06
Revenue misses expectations Revenue missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 66%, compared to a 25% growth forecast for the Gas Utilities industry in Germany. Is New 90 Day High Low • Jan 27
New 90-day high: €22.14 The company is up 39% from its price of €15.98 on 29 October 2020. The German market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.66 per share. Is New 90 Day High Low • Jan 09
New 90-day high: €20.12 The company is up 12% from its price of €17.96 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.62 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €18.32 The company is up 9.0% from its price of €16.73 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €19.86 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of €1.01b, down 12% from the prior year. Total revenue was €18.8b over the last 12 months, down 21% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 14% at €4.01b. Revenue is forecast to grow 14% over the next year, compared to a 1.4% decline forecast for the Gas Utilities industry in Germany. Is New 90 Day High Low • Oct 05
New 90-day high: €18.11 The company is up 6.0% from its price of €17.01 on 07 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.24 per share. 
