Enagas : Solid start to the year with positive catalysts ahead
>Q1 2023 results in line with estimates - Enagas’ Q1 2023 results were solid (adjusted EBITDA of € 174m, +2% above our estimates and -6.7% y-o-y) and continue to reflect the decline in the 2021-2026 regulatory framework (€ 12.3m impact vs Q1 2022) and typical seasonal factors (special recognition of revenues in Q4 in Spain and local taxes collected in Q1 at Tallgrass Energy). Operating expenses excluding one-off effects remained in line with last year levels, reflec...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.
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.
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