Naturgy stock gets a 2026 guidance boost after H1 growth

Published on 09/30/2026 at 11:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Naturgy stock posted first-half EBITDA of EUR 2.98 billion, up 4.50 percent on 2025, after the July 22 results. Net income reached EUR 1.22 billion and net debt fell.

Gasterminal und Kraftwerk an der Küste bei Sonnenuntergang, Symbolbild Energieversorger — Naturgy Energy Group S.A. (ES0116870314) betreibt Gasterminals und Kraftwerksanlagen an der spanischen Küste bei Sonnenuntergang, Illustration mit AI erstellt.

Naturgy stock (ISIN ES0116870314) was trading at EUR 29.11 at Lang & Schwarz on September 30, 2026, at 11:38 a.m. CEST, up 0.07 percent versus the prior close of EUR 29.09. The company strengthened its 2026 outlook after first-half earnings growth, according to Yahoo Finance on July 22, 2026.

EBITDA rises in H1 2026

Naturgy reported first-half 2026 EBITDA of EUR 2.98 billion, up 4.50 percent from EUR 2.85 billion in the same period of 2025. Net income reached EUR 1.22 billion, compared with EUR 1.15 billion a year earlier, a 5.90 percent increase, according to Benzinga on September 9, 2026.

The comparison shows where the earnings story is strongest: regulated activities and thermal generation offset weaker contributions from renewable generation and supply. Gas Networks EBITDA reached EUR 883.00 million, up 6.00 percent, while renewable generation EBITDA fell 3.00 percent to EUR 313.00 million.

Guidance moves above consensus

Management raised its 2026 guidance to EBITDA above EUR 5.50 billion and net income above EUR 2.10 billion. The same outlook set 2027 EBITDA guidance at EUR 5.30 billion and net profit guidance at EUR 1.90 billion, assuming a worst-case Yamal scenario, according to Yahoo Finance.

Balance-sheet movement adds a second investor reference point. Net debt stood at EUR 11.75 billion in June 2026, down from EUR 12.32 billion at the end of 2025, while the company maintained a dividend-per-share outlook of EUR 1.80 for 2026.

Stock stays near yearly high

Finance data put Naturgy's market capitalization at EUR 27.0 billion on September 30, 2026. The same quote showed a 52-week range of EUR 24.30 to EUR 30.04, placing the Lang & Schwarz price below the upper end of that range while the BME-listed shares remain in the IBEX 35, according to Global Banking and Finance.

Price holds at EUR 29.11

Naturgy stock was trading at EUR 29.11 at Lang & Schwarz on September 30, 2026, at 11:38 a.m. CEST, up 0.07 percent versus the Lang & Schwarz prior close of EUR 29.09 on September 29, 2026. Naturgy Energy Group, S.A. is listed on BME under ticker NTGY.MC and operates in utilities, with regulated gas as its industry.