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Naturgy Stock Climbs After Raising Full-Year Outlook to Record High
Naturgy Energy (BME:NTGY) shares rose in Tuesday trading after the Spanish gas and electricity group reported strong first-half 2026 results and raised its full-year earnings guidance to a record level.
The company's stock gained 0.4% to reach €28.86 following the pre-market announcement, according to Investing.com data, placing it near its 52-week high of €29.70.
Strong First-Half Performance
Naturgy announced that its net profit for the first six months of 2026 increased by 6% year-over-year to €1.215 billion. The positive results were driven by solid operational performance across its business units.
Key financial highlights from the report include:
- EBITDA: Reached €2.975 billion, a 4.5% increase compared to the same period in 2025.
- Net Debt: Decreased to €11.745 billion from €12.317 billion, which the company attributed to robust cash generation.
AdUpgraded Outlook and Renewables Growth
Buoyed by the strong first-half performance, Naturgy lifted its full-year 2026 earnings outlook to above €2.1 billion. Achieving this level would mark an all-time record profit for the company, providing a significant catalyst for investors.
The company also highlighted progress in its renewable energy strategy, reporting a total installed capacity of 8.4 gigawatts (GW). An additional 1.3 GW is currently under construction, with more capacity additions planned for the second half of the year.
Market Context
The stock's advance was supported by a constructive analyst tone, including a Buy rating issued by Goldman Sachs earlier in July. However, the gains were tempered by a mixed global market environment. While European indices like Germany's DAX opened positively, softer performance in U.S. benchmarks, including the S&P 500 and NASDAQ, limited the overall risk appetite.
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