
Enagás, S.A. (ENGGY) Q4 2025 Earnings Call Transcript
Enagás, S.A. (ENGGY) Q4 2025 Earnings Call Transcript
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Enagás, S.A. (ENGGY) Q4 2025 Earnings Call Transcript

Enagás, S.A. (OTCPK:ENGGF) Q2 2025 Earnings Conference Call July 22, 2025 2:30 AM ET Company Participants Arturo Gonzalo Aizpiri - CEO & Executive Director Felisa Martin Villan - Public Affairs & Investor Relations General Manager Luis Romero Urrestarazu - Chief Financial Officer Conference Call Participants Arthur Sitbon - Morgan Stanley, Research Division Fernando Lafuente Sesena - Alantra Equities Sociedad de Valores, S.A.

We maintain a neutral rating on Enagás due to long-term concerns and an expensive valuation compared to peers. Q1 results were slightly better than expected, aided by lower OPEX and a favorable ICSID ruling, but these positives are non-recurring. Key risks include unresolved cash repatriation issues in Peru, rising personnel costs, and potential sustainability concerns regarding dividend payments despite the arbitration award.

Enagás, S.A. (OTCPK:ENGGF) Full Year 2024 Earnings Conference Call February 18, 2025 2:00 AM ET Company Participants Arturo Gonzalo - Chief Executive Officer Luis Romero - Chief Financial Officer Natalia Latorre - Corporate Head of Energy Transition Felisa Martin - Communication, Public Affairs and Investor Relations General Manager Cesar Garcia - Head of Investor Relations Conference Call Participants Fernando Lafuente - Alantra Equities Javier Suarez - Mediobanca Ignacio Domenech - JB Capital Jorge Alonso - Societe Generale James Brand - Deutsche Bank John Campbell - Bank of America Arthur Sitbon - Morgan Stanley Felisa Martin Good morning, ladies and gentlemen, and welcome to the earnings presentation for Enagás for the year 2024.

Enagás, S.A. (OTCPK:ENGGF) Q3 2024 Results Conference Call October 22, 2024 2:30 AM ET Company Participants Arturo Gonzalo - Chief Executive Officer Conference Call Participants Javier Suarez - Mediobanca Flora Trindade - CaixaBank Manuel Palomo - BNP Arthur Sitbon - Morgan Stanley James Brand - Deutsche Bank Operator Good morning, ladies and gentlemen.

Enagas has underperformed but shows potential; recent asset sales, including Tallgrass Energy, have significantly improved its balance sheet and reduced debt. The company is focusing on hydrogen investments and LNG infrastructure, enhancing its strategic position in Europe's energy market. Despite expected EPS declines, Enagas offers a 7%+ yield and remains a "Buy" with a price target of €15.5/share.

Enagás, S.A. (OTCPK:ENGGF) Q2 2024 Earnings Conference Call July 23, 2024 2:30 AM ET Company Participants Arturo Gonzalo - Chief Executive Officer Luis Romero - Chief Financial Officer Conference Call Participants Javier Suarez - Mediobanca Ignacio Domenech - JB Capital Manuel Palomo - BNP Arthur Sitbon - Morgan Stanley Operator Good morning, ladies and gentlemen.

Enagas reported upbeat Q1 results with a net profit increase driven by a low tax rate. There is a need for more clarity on the regulatory framework for hydrogen opportunity. Despite better-than-expected results, Enagas faced uncertainty with arbitration cases in Peru and increased CAPEX for hydrogen projects, leading to a neutral rating.

Enagás is a Spanish provider of natural gas infrastructure, with a focus on higher growth projects to secure its dividend. The company owns and operates key infrastructure, including pipelines and LNG terminals, and holds stakes in international projects. Enagás is involved in the development of a major hydrogen corridor, but earnings from these projects are still far off.

Enagás, S.A. (OTCPK:ENGGF) Q2 2023 Earnings Conference Call July 26, 2023 2:30 AM ET Company Participants Arturo Gonzalo - CEO Felisa Martín - Public Affairs and IR GM Conference Call Participants Javier Suarez - Mediobanca Fernando Lafuente - Alantra Javier Garrido - JPMorgan Arthur Sitbon - Morgan Stanley James Brand - Deutsche Bank Operator Good morning, ladies and gentlemen, welcome to the First Half of the Year Results presentation here at Enagás.

Enagás, S.A. (ENGGF) Q1 2023 Earnings Call Transcript.

Enagas: Recession-Resistant With A Dependable Dividend.

Enagás, S.A. (OTCPK:ENGGF) Q4 2022 Results Conference Call February 21, 2023 3:00 AM ET Company Participants Felisa Villan - IR Arturo Gonzalo - Chief Executive Officer Luis Romero - Chief Financial Officer Conference Call Participants Javier Suarez - Mediobanca Fernando Garcia - RBC Capital Markets José Ruiz - Barclays Javier Garrido - JPMorgan Ignacio Doménech - JB Capital Marcin Wojtal - Bank of America Operator Good morning, ladies and gentlemen, welcome to Enagas financial results presentation for fiscal year 2022.

Looking at the numbers, Snam is a safer company compared to Enagas (based on credit metrics and Regulatory Asset Based evolution). Snam offers the best opportunity to capture EU hydrogen growth.

I reviewed Enagas early this year, almost before the war. I took a deep look at what is a very decent Spanish utility, and told you why I went long. I'm still long Enagas - slightly in the red, but not even close to overall market development. I believe the company, for what it offers, is qualitative.

Enagás, S.A. (OTCPK:ENGGF) Q3 2022 Earnings Conference Call October 25, 2022 3:00 AM ET Company Participants Arturo Gonzalo - CEO Luis Romero - CFO Conference Call Participants Javier Suarez - Mediobanca Manuel Palomo - BNP Paribas Ignacio Domenech - JB Capital Antonella Bianchessi - Citi Arthur Sitbon - Morgan Stanley Operator Good morning, ladies and gentlemen.

The Nord Stream 1 collapse might be Enagas' key catalyst. 6 regasification plants should support Enagas in the short/medium term, whereas TAP & Algeria gas diversification are set for the medium/long investment horizon.

In the current energy crisis, we reaffirm our positive view about Enagás. New CAPEX requirements to consider.

Enagás, S.A. ( OTCPK:ENGGF ) Q1 2022 Results Conference Call April 26, 2022 3:00 AM ET Company Participants Arturo Gonzalo - CEO Conference Call Participants Alberto Gandolfi - Goldman Sachs Javier Suarez - Mediobanca Harry Wyburd - Bank of America Operator Hello.

Enagás, S.A. (ENGGF) CEO Arturo Gonzalo Aizpiri on Q4 2021 Results - Earnings Call Transcript