Naturgy Energy Group, S.A. (NTGYe)

Naturgy Energy Group’s adjusted EPS topped expectations while revenue came in line in the second fiscal quarter of 2026, reported July 22, 2026. Revenue rose 0.3% to roughly EUR 5.0 billion (up from EUR 4.981 billion a year ago), and on the consensus view it was in line at EUR 4.996 billion versus an estimate of EUR 4.973 billion (+0.5%). Adjusted EPS was EUR 0.71, up 16.7% from EUR 0.61 a year ago, and it topped the EUR 0.52 estimate (+36%). Profitability tracked ahead of the modest top-line change, with gross profit of about EUR 1.4 billion translating to a gross margin of ~29%, while operating income of roughly EUR 1.2 billion put operating margin near 24%. Net income increased 19.4% year over year to about EUR 685 million (from EUR 573.5 million). For the next period, consensus calls for EPS of EUR 0.53 on revenue of EUR 4.858 billion.