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Investing.com -- Enagas returned to profit in the first nine months of 2025 and reaffirmed its full-year targets, supported by asset disposals, an arbitration gain in Peru, and stable operating costs.
Shares in the Spanish gas grid operator fell marginally in European trading.
The Spanish gas grid operator reported a net profit of €262.8 million, compared with a €130.2 million loss a year earlier, when results were hit by a capital loss on the sale of a U.S. asset.
Total revenue for the period rose 7% to €711.2 million.
EBITDA reached €505.9 million, in line with the company’s plan to meet its annual goal of €670 million. Net debt declined to €2.35 billion as of September, down €57 million since the end of 2024.
"The results for the first nine months of the year progressed as planned to achieve the targets set for 2025," Enagas said in the report.
RBC Capital Markets analysts also said they believe Enagas "is on track to achieve its 2025 guidance of ~€670m EBITDA, ~€265m recurring net income and ~€2.4bn net debt."
The company said earlier this year it plans to invest more than €4 billion by 2030, focusing on hydrogen infrastructure and expanding into ammonia and carbon capture projects as it transitions toward low-carbon energy transport.