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Last updated: April 2026

NTGY FINANCIAL STATEMENTS

Naturgy Energy Group SA — balance sheet, income statement and cash flow trends

NTGYNaturgy Energy Group SA

🇪🇸 Spain · MC · Utilities · Utilities - Regulated Gas

Value itDuel
PriceFinancialsPeers

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
010 B20 B30 B202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue19.6 B €Gross Profit5.3 B € · 27%Operating Income3.5 B € · 18%Pre-tax Income3.1 B € · 16%Net Income2 B € · 10%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue19.6 B €-0.7%
Gross Profit5.3 B €-30.9%
Operating Income3.5 B €-1.7%
EBITDA5.2 B €+10.0%
Net Income2 B €+1.4%

Peer Comparison· Utilities - Regulated Gas

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
NTGY-0.7%27.3%26.7%10.1%
ATO8.8%51.4%52.9%27.6%
NI15.0%55.9%45.7%14.1%
APA0.1%33.3%65.8%5.1%
UGI0.6%46.1%19.9%8.7%
SWX-39.1%35.5%37.7%18.5%
Industry median4.5%35.7%34.8%11.8%
CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
NTGY-0.7%27.3%26.7%10.1%
ENG8.0%39.8%73.6%26.9%
Industry median4.5%35.7%34.8%11.8%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
020 B40 B202120222023202420252026

Capital Structure

Q1 2026
Total Assets41.1 B
  • Equity8 B €21%
  • Current Liabilities9.2 B €24%
  • Long-term Liabilities21.8 B €56%

Key Figures

YoY change
Total Assets41.1 B €+12.4%
Total Liabilities30.9 B €+15.6%
Total Equity8 B €+2.9%
Cash & ST Investments5.2 B €+58.3%
Total Debt——
Net Debt-4.7 B €-134.4%

Peer Comparison· Utilities - Regulated Gas

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
NTGY1.13——19.5%
ATO1.0064.6%3.6849.1%
NI0.65173.6%5.3526.4%
APA0.99478.5%6.2714.5%
UGI1.00125.3%4.3033.6%
SWX1.4585.5%3.2139.4%
Industry median0.80109.5%4.2334.2%
CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
NTGY1.13——19.5%
ENG0.81119.4%2.9333.2%
Industry median0.80109.5%4.2334.2%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
02 B4 B202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
02 B4 B4.6 B €Operating-1.4 B €Investing-1.7 B €Financing1.5 B €Net Change

Key Figures

YoY change
Operating Cash Flow4.6 B €+6.3%
Capital Expenditures1.9 B €-12.4%
Free Cash Flow2.7 B €+25.9%
Dividends Paid-1.4 B €-260.5%

Peer Comparison· Utilities - Regulated Gas

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
NTGY23.4%13.5%9.9%231.6%
ATO38.4%-40.8%79.2%139.4%
NI31.0%-12.2%43.2%220.2%
APA37.7%12.2%25.5%738.3%
UGI15.1%3.2%11.8%173.0%
SWX17.5%-29.9%47.4%94.3%
Industry median22.4%-7.3%30.0%174.7%
CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
NTGY23.4%13.5%9.9%231.6%
ENG-1.9%-17.4%3.2%-7.2%
Industry median22.4%-7.3%30.0%174.7%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.