Logotype for Naturgy Energy Group S.A.

Naturgy Energy Group (NTGY) investor relations material

Naturgy Energy Group H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Naturgy Energy Group S.A.
H1 2025 earnings summary23 Jul, 2025

Executive summary

  • Record EBITDA and net income in H1 2025, demonstrating resilience and diversification amid macro uncertainty and higher energy prices.

  • Completed €2.3bn tender offer/share buyback, increasing free float, treasury stock to 10%, and supporting MSCI index re-entry.

  • Announced €0.60/share interim dividend, with 2025 dividend guidance raised to €1.7–1.9/share, above consensus.

  • Strategic Plan 2025–2027 reaffirmed, targeting value creation, growing dividends, and disciplined investment.

  • 2025 guidance for EBITDA and net income set above market expectations.

Financial highlights

  • EBITDA at €2,848m in H1 2025, net income up 10% to €1,147m, and free cash flow after minorities at €1,280m.

  • Net sales rose 9.8% year-over-year to €9,961m; gross margin increased to €3,849m.

  • Net debt at €13,689m after dividend and share buyback; net debt/EBITDA at 2.6x.

  • Capex in H1 2025 totaled €897m, with growth capex over 60% of total investments.

  • Liquidity strong at €8,596m, including €3,104m cash and €5,492m undrawn credit lines.

Outlook and guidance

  • 2025 EBITDA guidance above €5.3bn and net income above €2bn, both exceeding consensus.

  • Dividend per share expected at €1.7–1.9 in 2025, rising to €1.9 in 2027, with best-in-class yield (~7%).

  • Net debt projected below €14.7bn, with net debt/EBITDA below 2.8x.

  • Focus on efficiency, capital discipline, and selective renewables growth.

  • Energy market outlook for H2 2025 shows stable to slightly lower commodity prices, with all LNG volumes hedged.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Naturgy Energy Group earnings date

Logotype for Naturgy Energy Group S.A.
Q3 202529 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Naturgy Energy Group earnings date

Logotype for Naturgy Energy Group S.A.
Q3 202529 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Naturgy Energy Group S.A. operates in the generation, distribution, and commercialization of electricity and natural gas. The company serves residential, commercial, and industrial customers in Spain and international markets. It is headquartered in Barcelona, Spain, and its shares are listed on the BME.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage