Enagas seals 13 Castor wells and Enagas stock sits 8.28 percent below its 52-week high

Published on 10/09/2026 at 13:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 EBITDA reached EUR 314.00 million versus EUR 620.00 million guidance. Enagas stock costs EUR 16.51 on October 9, 2026 after EUR 16.56.

Key points in brief

Enagas completed permanent sealing of 13 Castor wells on October 5, 2026 at an estimated cost of EUR 241.0 million.
First-half 2026 EBITDA reached EUR 314.0 million against full-year guidance of EUR 620.0 million.
Lang & Schwarz quoted Enagas at EUR 16.51 on October 9, 2026 at 1:09 p.m. CEST, minus 0.30 percent versus EUR 16.56.
Renta 4 raised its Enagas target from EUR 17.70 to EUR 20.30, according to Bolsamania.

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Enagas stock (ISIN ES0130960018) was trading at EUR 16.51 at Lang & Schwarz on October 9, 2026 at 1:09 p.m. CEST, 8.28 percent below its EUR 18.00 52-week high. According to Enagas on October 5, 2026, the company completed permanent sealing of 13 Castor wells at an estimated cost of EUR 241 million.

Three milestones shape the year

On June 30, 2026, Enagas had requested authorization for the first four sections of Spain's hydrogen backbone, according to Yahoo Finance.

On July 22, 2026, the company reported first-half EBITDA of EUR 314 million and net profit after tax of EUR 126.9 million, while maintaining full-year EBITDA guidance of EUR 620 million, according to Yahoo Finance.

On October 5, 2026, the Castor work became the latest milestone. The EUR 241 million estimate remains subject to final certifications, so the project is operationally significant but does not represent a new earnings forecast.

What does regulation change?

The proposed 2027-2032 framework implies an average 7 percent reduction in Enagas regulated revenue compared with the current framework, while the financial remuneration rate is set at 6.46 percent, according to Yahoo Finance. That regulatory balance is central to the stock story because Castor is a one-off project cost, while regulated cash flow shapes the longer earnings profile.

Analyst positioning supplies a second comparison. According to Bolsamania on October 9, 2026, Renta 4 raised its Enagas target from EUR 17.70 to EUR 20.30 and reiterated an overweight recommendation. The new target lies 22.96 percent above the Lang & Schwarz price of EUR 16.51.

Next dates for Enagas

Rankia lists Enagas third-quarter results for October 20, 2026, before the open. The company told Yahoo Finance that it plans to file a new strategic plan in the first half of 2027.

EUR 16.51 in Madrid trading

Enagas was trading at EUR 16.51 at Lang & Schwarz on October 9, 2026 at 1:09 p.m. CEST, minus 0.30 percent versus the Lang & Schwarz prior close of EUR 16.56 on October 8, 2026. The 52-week range was EUR 12.99 to EUR 18.00 as of October 8, 2026, placing the quote 8.28 percent below the high. The further course of trading is shown by the continuously updated real-time quote of Enagas stock.