Naturgy Energy Group SA
NTGY
ISIN ES0116870314 / Valor 822398
Naturgy Energy Group SA
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About company
Naturgy Energy Group SA is a diversified energy company with a global presence, operating primarily in Spain, Latin America, Australia, the US, and Italy. The company's business segments include Global Power Generation (GPG), which focuses on power generation, engineering, and facility maintenance; UFD, which specializes in the development and digitalization of electrical networks for regulated electricity distribution; and Nedgia, responsible for gas distribution in Spain. Naturgy's business model emphasizes leadership in the gas sector and innovation in the power sector, ensuring a reliable power supply while offering value-added services and promoting sustainable development. With a focus on different parts of the energy process, Naturgy is committed to fulfilling its social responsibilities and driving growth through sustainable innovation.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (17.12.2024):
EBITDA Performance
In the first half of 2024, Naturgy Energy Group SA reported an EBITDA of €2,846 million, which remained flat compared to the same period in 2023. This performance reflects a balanced contribution between regulated and liberalized activities, with regulated activities showing resilience and growth, particularly in electricity distribution in Spain and positive regulatory developments in some Latin American regions.
Investment and Renewable Capacity
During 1H24, Naturgy Energy Group SA invested €937 million, primarily in renewable developments and networks. The company achieved a renewable installed capacity of 6.6GW, with approximately 2.2GW under construction. This includes significant projects in Spain, Australia, and the USA, with an additional 800MW expected to become operational in the second half of 2024.
Net Debt and Liquidity
As of June 30, 2024, Naturgy Energy Group SA's net debt stood at €11,838 million, a decrease from €12,090 million at the end of 2023. The net debt to EBITDA ratio remained at 2.2x. The company maintained a strong liquidity position with €9.7 billion in available cash and equivalents and undrawn credit lines.
Dividends and Shareholder Remuneration
In 1H24, Naturgy Energy Group SA distributed €384 million in dividends, corresponding to a final dividend of €0.40 per share for 2023. The company plans to distribute its first 2024 interim dividend of €0.5 per share on August 1, 2024, continuing its commitment to shareholder remuneration.
Outlook and Strategic Plan
Based on strong 1H24 results, Naturgy Energy Group SA estimates an EBITDA and net income for 2024 above €5.3 billion and €1.8 billion, respectively. The company is preparing a new 2025-30 Strategic Plan focused on growth, value creation, and energy transition, positioning itself to capitalize on ongoing opportunities.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
23367 M
Market cap (USD)
210,772
Daily traded volume (Shares)
23.22 / 23
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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