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Enagas SA (ENAG.MC)

ENAG.MC on Madrid SE C.A.T.S.

20.99EUR
27 May 2020
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€-0.14 (-0.66%)
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Latest Key Developments (Source: Significant Developments)

Enagas Q1 Net Profit Up At 119.1 Mln Euros YoY
Tuesday, 21 Apr 2020 

April 21 (Reuters) - Enagas SA ::Q1 FFO DOWN 10.3% AT 177.1 MILLION EUROS VERSUS 201.8 MILLION EUROS YEAR AGO.Q1 NET PROFIT 119.1 MILLION EUROS VERSUS 103.9 MILLION EUROS YEAR AGO.Q1 EBITDA 235.6 MILLION EUROS VERSUS 251.5 MILLION EUROS YEAR AGO.Q1 TOTAL REVENUE 283.3 MILLION EUROS VERSUS 309.8 MILLION EUROS YEAR AGO.  Full Article

Enagas Says 2020 Results, As Well As 2019 Dividend Should Not Be Compromised Due To Covid-19 Situation
Tuesday, 21 Apr 2020 

April 21 (Reuters) - Enagas SA ::NO EFFECTS HAVE BEEN IDENTIFIED ARISING FROM THE CURRENT CONTEXT THAT MIGHT ENTAIL CAPITAL LOSSES FOR THE COMPANY.THE INCOME OF THE INTERNATIONAL COMPANIES IN WHICH ENAGAS PARTICIPATES HAVE NOT BEEN SIGNIFICANTLY AFFECTED.RESULTS FOR THE YEAR 2020, AS WELL AS THE DIVIDEND FOR THE YEAR 2019 TO BE APPROVED AT THE UPCOMING GENERAL SHAREHOLDERS' MEETING, SHOULD NOT BE COMPROMISED.SAYS FROM ANALYSIS CARRIED OUT BY THE COMPANY, NO IMPACTS HAVE BEEN EVIDENCED BY THE SITUATION OF COVID-19 TO BE RECORDED IN THE FINANCIAL STATEMENTS FOR THE FIRST QUARTER OF 2020.SAYS HAS A SOLID LIQUIDITY SITUATION, WHICH AT THE END OF Q1 AMOUNTED TO 3.03 BILLION EUROS BETWEEN CASH AND UNDRAWN LINES OF CREDIT.SAYS DEMAND FOR NATURAL GAS HAS BEEN NEGATIVELY AFFECTED BY COVID-19 PANDEMIC OWING TO DECREASE IN CONSUMPTION OF INDUSTRY, RETAIL AND SME'S DURING THE LAST TWO WEEKS OF MARCH.ENAGAS SAYS DEMAND FOR NATURAL GAS AT END OF Q1 2020 AMOUNTED TO 101,6 TWH, DOWN 2.4% YEAR ON YEAR.  Full Article

Enagas Increases Indirect Holding In Tallgrass Energy To 30.2% For USD 836 Mln
Friday, 17 Apr 2020 

April 17 (Reuters) - Enagas SA ::CLOSES ACQUISITION OF OUTSTANDING SHARES OF TALLGRASS ENERGY LP.TALLGRASS ENERGY TO DELIST FROM THE NEW YORK STOCK EXCHANGE.ENAGAS INCREASED ITS PRESENCE ON TALLGRASS' BOARD OF DIRECTORS.ENAGAS INCREASED ITS INDIRECT HOLDING IN TALLGRASS TO 30.2%, THROUGH DISBURSEMENT OF USD 836 MILLION (ABOUT 760 MILLION EUROS).  Full Article

Spain's Competition Watchdog Approves Circular On Methodology Of Remuneration In Natural Gas Distribution
Friday, 3 Apr 2020 

April 3 (Reuters) - Spain's Competition Watchdog (CNMC)::SPAIN'S COMPETITION WATCHDOG CNMC APPROVES CIRCULAR ON METHODOLOGY OF REMUNERATION OF REGULATED ACTIVITIES OF NATURAL GAS DISTRIBUTION FOR 2021-2026.  Full Article

Alantra Partners With Enagas To Launch 150 Mln Euros Energy Transition Fund
Tuesday, 10 Mar 2020 

March 10 (Reuters) - Alantra Partners SA ::ALANTRA PARTNERS AND ENAGAS TO LAUNCH EUROPEAN 150 MILLION EURO FUND FOR INVESTING IN CO'S INNOVATING IN ECOLOGICAL TRANSITION, DECARBONISATION AND RENEWABLE GASES.NEW MANAGEMENT COMPANY WILL BE FORMED WITH ALANTRA HOLDING 70% AND ENAGAS 30%.ENAGAS WILL COMMIT A MINIMUM TICKET OF 20 MILLION EUROS AND PROVIDE ITS TECHNICAL AND SECTOR EXPERTISE.  Full Article

Enagas Sees Contribution Of Affiliates Dividends Of About 235 Mln Euros In 2020
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Enagas SA ::SEES CONTRIBUTION OF AFFILIATES DIVIDENDS OF ABOUT 235 MILLION EUROS IN 2020, AND AVERAGE OF ABOUT 300 MILLION EUROS BETWEEN 2020-2026.  Full Article

Enagas Sees Net Income Growth Of 4.1% To About 440 Mln Euros In 2020e
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Enagas SA ::SEES DIVIDENDS PER SHARE INCREASE OF 5% TO 1.68 EUROS PER SHARE IN 2020E .RATIFIES DIVIDEND COMMITMENT UNTIL 2023.SEES NET INCOME GROWTH OF 4.1% TO ABOUT 440 MILLION EUROS IN 2020E.DIVIDEND COMMITTED IN 2024-2026 REPRESENTS ABOUT 60% OF THE FFO GENERATED IN THOSE YEARS.LONG TERM DIVIDEND FLOOR FOR 2023-2026 SET TO 1.74 EUROS PER SHARE.PROGRESS OF TRANS ADRIATIC PIPELINE PROJECT REACHED 92%, COMMERCIAL OPERATIONAL START-UP EXPECTED IN 2020.TO CONTRIBUTE A FURTHER EUR 21 MILLION IN CAPITAL TO TAP UNTIL THE PROJECT IS COMMISSIONED.  Full Article

Enagas To Propose Dividend Of 1.60 Euro Gross Per Share
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Enagas SA ::TO PROPOSE DIVIDEND OF 1.60 EURO GROSS PER SHARE.  Full Article

Enagas FY Net Profit Down At 422.6 Million Euros YoY
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Enagas SA ::FY TOTAL REVENUE 1.18 BILLION EUROS VERSUS 1.34 BILLION EUROS YEAR AGO.FY FFO AT 759.1 MILLION EUROS VERSUS 805.2 MILLION EUROS YEAR AGO.FY NET PROFIT 422.6 MILLION EUROS VERSUS 442.6 MILLION EUROS YEAR AGO.FY EBITDA 1.02 BLN EUROS VS 1.06 BLN EUROS YR AGO.  Full Article

Enagas Sees To Reach Carbon Neutrality By 2050
Tuesday, 18 Feb 2020 

Feb 18 (Reuters) - Enagas SA ::SEES EMISSION REDUCTION PATH TO REACH CARBON NEUTRALITY BY 2050.  Full Article

UPDATE 1-Spain's Enagas says coronavirus no threat to 2020 profits

April 21 Spanish gas grid operator Enagas said on Tuesday the coronavirus epidemic does not pose a risk to its 2020 profits and said it aims to keep the dividend from last year's earnings.