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Investing.com -- Naturgy Energy Group (BME:NTGY) reported first-half 2025 results slightly ahead of expectations, supported by strong performance in energy management amid elevated gas prices.
EBITDA came in at €2.848 billion, essentially flat year-on-year, but above the Bloomberg consensus of €2.779 billion.
Net income rose 10% to €1.147 billion, also ahead of the €1.062 billion consensus.
Net debt stood at €13.689 billion, below the €14.27 billion forecast.
"Results were supported by energy management benefitting from high gas prices," RBC Capital Markets analysts led by Fernando Garcia said in a note.
For the full year, Naturgy is guiding for EBITDA above €5.3 billion, modestly above the €5.293 billion consensus.
It also expects net income to exceed €2 billion, versus market expectations of €1.945 billion. The company had previously said it expected annual net income to be around €1.9 billion between 2025 and 2027.
Net debt is projected to remain below €14.7 billion, slightly higher than the consensus figure of €14.33 billion.
The company had previously indicated it expected annual net income to be around €1.9 billion between 2025 and 2027.