MADRID, Feb 17 (Reuters) - Spanish gas grid operator Enagas said on Tuesday it surpassed its targets last year as it swung to a 339.1 million euro ($401.6 million) profit, helped by asset sales and
Enagas Anticipates Decline in 2026 Profits Following Asset Sales Boost
Enagas Profit Outlook for 2026
MADRID, Feb 17 (Reuters) - Spanish grid operator Enagas expects lower profit this year of 235 million euros ($278.15 million), down from 266.3 million euros in 2025 when earnings were lifted by asset sales and an arbitration award.
Earnings and Asset Sales
Earnings before interest, taxes, depreciation and amortisation is expected to be 620 million euros this year, compared with 675.7 million euros in 2025.
Comparison with Previous Years
In 2025, Enagas surpassed targets as it swung to a 339.1 million euro profit thanks to asset sales, cost controls and the upward revision of the amount it was awarded in an arbitration on an investment in Peru.
Factors Influencing Profit Decline
That followed a net loss of 299.3 million euros in 2024 after it sold an asset in the United States.
($1 = 0.8449 euros)
(Reporting by Pietro Lombardi; Editing by David Latona and Bernadette Baum)
