Report
Luis de Toledo Heras

Enagas : On track to meet operational and strategic targets

>Strong operating performance on other revenues contribution and cost control - Good results, slightly above our estimates (H1 2024 EBITDA of € 386m, +3.7% y-o-y, +2% vs our estimates) as the regulatory impact (remuneration of continuity of supply) is largely offset by the increase in revenues from COPEX and the Musel E-Hub terminal (€ 80m of annual revenues combined) and operating expenses maintain its favourable trend (-5.2% as a result of the decrease in audited e...
Underlying
Enagas SA

Enagas is a gas transportation company based in Spain. Co. is engaged in the technical distribution and storage of gas through pipelines as well as the provision of regasification services. Co. and subsidiaries are engaged in the ownership, administration, storage, pipeline transportation, distribution flow, and sale of natural gas. As a transport company, Co. also provides gas and manages the gas infrastructures.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Luis de Toledo Heras

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