Naturgy rises after FY guidance upgrade

Naturgy Energy

22/07/2026 09:22

** Shares in Spain's Naturgy NTGY.MC rise 3% after a one-off and "robust" underlying trends drive guidance upgrade above expectations
** The company expects FY core profit to exceed €5.5 billion ($6.3 billion), after growth in regulated distribution networks helped offset pressure in parts of its energy markets business
** The Spanish gas and power utility also expects FY net profit to be above €2.1 billion and year-end net debt of about €13 billion
** J.P. Morgan expects shares to outperform slightly on the guidance upgrade that exceeds current consensus, even if it's partially due to a €74 million one-off booked in H1
** The brokerage adds that the underlying trends in networks were "robust" in H1 and the H2 outlook in liberalised businesses is stronger than expected at the start of the year
($1 = 0.8767 euros)

(Reporting by Joanna Jonczyk-Gwizdala)
((joanna.jonczyk@tr.com))