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 Reported Earnings • May 02
First quarter 2026 earnings released First quarter 2026 results: EPS: €0.57. Revenue: €5.10b (down 6.9% from 1Q 2025). Net income: €530.0m (up 4.7% from 1Q 2025). Profit margin: 10% (up from 9.2% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 2.3% 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 2% per year whereas the company’s share price has fallen by 2% per year. 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 Declared Dividend • Feb 23
Dividend of €0.46 announced Shareholders will receive a dividend of €0.46. Ex-date: 27th March 2026 Payment date: 31st March 2026 Dividend yield will be 5.6%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 7.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 8.4% over the next 3 years. However, it would need to fall by 42% to increase the payout ratio to a potentially unsustainable range. New Risk • Feb 22
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 106% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risks High level of debt (106% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 20
Full year 2025 earnings released Full year 2025 results: Revenue: €19.5b (up 1.0% from FY 2024). Net income: €2.02b (up 5.2% from FY 2024). Profit margin: 10% (in line with FY 2024). Revenue is expected to decline by 2.6% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to grow by 1.3%. 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 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: €0.54 (vs €0.45 in 3Q 2024) Third quarter 2025 results: EPS: €0.54 (up from €0.45 in 3Q 2024). Revenue: €4.63b (down 9.3% from 3Q 2024). Net income: €521.0m (up 21% from 3Q 2024). Profit margin: 11% (up from 8.4% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Board Change • Oct 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Director Claudi Ponsa was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 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 Board Change • Oct 02
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Director Claudi Ponsa was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Sep 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Director Claudi Ponsa was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 05
First half 2025 earnings released: EPS: €1.20 (vs €1.11 in 1H 2024) First half 2025 results: EPS: €1.20 (up from €1.11 in 1H 2024). Revenue: €9.96b (up 9.8% from 1H 2024). Net income: €1.15b (up 7.7% from 1H 2024). Profit margin: 12% (in line with 1H 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Jul 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Director Claudi Ponsa was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 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 Buy Or Sell Opportunity • Jun 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.1% to €26.38. The fair value is estimated to be €21.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are forecast to decline by 2.9% per annum over the same time period. Board Change • Apr 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Director Claudi Ponsa was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 31
Upcoming dividend of €0.49 per share Eligible shareholders must have bought the stock before 07 April 2025. Payment date: 09 April 2025. Payout ratio is a comfortable 50% and the cash payout ratio is 86%. Trailing yield: 6.2%. Within top quartile of Italian dividend payers (5.5%). In line with average of industry peers (6.2%). Board Change • Mar 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Director Claudi Ponsa was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 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 
