Naturgy Energy Group, S.A. (NTGY) Earnings Call Transcripts

Naturgy Energy Group, S.A.'s Latest Earnings Call - March 24, 2026

In the earnings call for Naturgy Energy Group, S.A. held on March 24, 2026, management reported a record profit of EUR 2.2 billion for the fiscal year 2025, a 46% increase from 2024. The company maintained a robust financial position with net debt at EUR 12.3 billion and a credit rating of BBB. Guidance for 2026 indicates continued focus on risk management and investment in renewable energy, with expectations for stable cash flows despite market volatility. The company announced a supplementary dividend of EUR 0.57 per share, contributing to a total dividend of EUR 1.77 per share, reflecting a 10% increase from the previous year.

Reported metrics

Guidance from management

Management signaled a cautious outlook for 2026, emphasizing the need for proactive risk management amid market volatility. They are focused on maintaining financial discipline while pursuing growth in renewable energy and customer satisfaction initiatives.

What management said

We have 4 questions. I think the 4 of them are on site. And this is the following -- this is the order. First of all, Mr. Enrique [indiscernible] He's present in our AGM, and I read the question on his behalf, but this year I paid attention. I apologize.

Thank you. You see that we are improving year after year. We have a breakfast. We've started at 10 instead of 9, but there's always room for improvement. Now we have Sonia [indiscernible].

What analysts pressed on

Analysts expressed concerns regarding the impact of market volatility on future earnings and the company's ability to maintain its dividend policy. Questions were raised about the potential for further shareholder dilution and the implications of recent share sales on stock performance.

Main topics on the call

• Record Profit — Naturgy reported a historic profit of EUR 2.2 billion for 2025, which is a 46% increase compared to 2024. Management stated, "We have once again over met all the commitments we had with the shareholders and the market re...
• Dividend Announcement — The company declared a supplementary dividend of EUR 0.57 per share, bringing the total dividend for 2025 to EUR 1.77 per share, a 10% increase from the previous year. Management emphasized their commitment to a strong d...
• Debt Management — Naturgy's net debt stood at EUR 12.3 billion, maintaining one of the lowest debt-to-EBITDA ratios in the sector. Management noted, "We have reduced our debt by making our company more solvent," indicating a focus on fina...
• Investment in Renewables — The company plans to continue investing in renewable energy projects, with over EUR 2.1 billion allocated for 2025, primarily in energy distribution networks and energy transition activities. Management stated, "We conti...

Read the full Naturgy Energy Group, S.A. transcript (March 24, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Naturgy Energy Group, S.A. earnings call transcripts on record, spanning February 5, 2020 to July 22, 2026. Based on this history, Naturgy Energy Group, S.A. reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NTGY

Exchange

BME

Country

ES

Sector

Utilities

Industry

Gas Utilities

Calls on record

26

First call

February 5, 2020

Most recent

July 22, 2026

Reporting cadence

quarterly