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Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian
Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian
Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian
Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian
Nadège Tillier
  • Nadège Tillier

Naturgy/Steady 2024 financial results and outlook

Despite lower energy prices that negatively impacted its Liberalised Business segment, Naturgy's 2024 results came in at very decent levels. The slightly lower EBITDA and funds from operations reflected the lower gas and electricity prices but the company benefitted from a strong performance from its networks' distribution business. Naturgy's 2024 credit metrics remain robust, and we maintain our neutral opinion on the credit. The Spanish utility's 2025-2027 strategic plan sees a total aggregate...

Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian
Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian
Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian

Naturgy : Un 9 M24 un peu au-dessus de nos attentes et une guidance 20...

>Opinion Neutre et OC à 24.9 € inchangés - Naturgy a communiqué au marché des éléments parcellaires de sa performances à fin septembre à savoir son EBITDA et son résultat net. Le groupe confirme sa trajectoire de résultats 2024 sur laquelle nous sommes d’ores et déjà alignés, mais révise légèrement en baisse son enveloppe d’investissements (-7.6%) et son atterrissage de dette nette (-1.5%). Après mise à jour des données de marché, notre objectif de cours est confirmé ...

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