Enagás registered a net profit of 375.8 million euros in 2022, which represents a decrease of 6.9% compared to a year earlier due to the impact of the 2021-2026 regulatory framework, as reported by the company to the Commission on Tuesday National Stock Market (CNMV).

However, Enagás exceeds the objective established for the year 2022 of achieving a profit of between 380 and 390 million euros, which included the net capital gain from the sale of the Morelos gas pipeline, an operation that is expected to close in the first four months of 2023.

Enagás has underlined having met all the objectives established for the year 2022 thanks to the “high” degree of execution of the Strategic Plan since its presentation on July 12.

The company has highlighted that in a year of great volatility in the energy markets, the Spanish gas system has operated “with 100% availability 24 hours a day, every day of the year” and its infrastructures have been key to security of supply Spain and the European Union.

Total revenue amounted to 970.3 million euros, 2.1% lower than those registered in 2021.

Regulated revenue at the end of 2022 amounted to 950.4 million euros, 1.8% less, due to the application of the 2021-2026 regulatory framework (-45.1 million euros), although this impact has been seen partially offset by the remuneration of audited expenses (approximately 38 million euros).

The gross operating result (Ebitda), for its part, reached 797.4 million euros, 10.9%.