MADRID, 25 Oct. (EUROPA PRESS) -
Enagás obtained a net profit of 353.4 million euros in the first nine months of the year, which represents an increase of 15% compared to the same period last year and places the group on track to achieve its annual target of around earnings in the range of between 380 and 390 million euros, the company informed the National Securities Market Commission (CNMV).
This result includes the capital gains generated by the sale of its 45.4% stake in GNL Quintero (249 million euros), as well as the entry of the Clean H2 Infra Fund into Enagás Renovable (50.4 million euros).
The financial result of the group at the end of September stood at 104.5 million euros, including these non-recurring ones, as well as the impairment by its US subsidiary Tallgrass Energy for an amount of 133.8 million euros.
Enagás' gross operating profit (Ebitda) in the first nine months reached 605.1 million euros, down 9.7%. Meanwhile, the group's total income amounted to 714.9 million euros, 1% less.
The company highlighted that this "very positive" evolution in the first nine months of the year "marks the path to achieve all the objectives established for the year 2022".
With regard to the contribution of the investee companies, it amounted to 153.9 million euros up to September, as a result of the good performance of the investee companies TGP and TAP.
The figure for the cash flows from operations (FFO) of the group led by Arturo Gonzalo as of September was 507.8 million euros, including dividends received from investee companies, which at the end of the period amounted to 118.8 million euros, reflecting an increase of 3.5% compared to the same period of the previous year, mainly due to a different timing of the dividends received from TLA Altamira and TGP.
As of September 30, Enagás' net debt was reduced to 3,583 million euros, compared to 4,277 million euros at the end of December 2021. The financial cost of the debt stood at 1.7%.
In addition, more than 80% of the company's debt is at a fixed rate, which allows the company to mitigate the impact of current movements in interest rates. The FFO/DN ratio as of September 30 stood at 18.3%.
Enagás' liquidity situation at the end of the third quarter amounted to 3,632 million euros between cash and undrawn credit lines.
Regarding the remuneration to its shareholders, on July 7, after its approval at the general meeting of shareholders, Enagás made the payment of a complementary dividend corresponding to the past financial year 2021 of 1.02 euros gross per share, in line with the annual commitment for 2021 to distribute 1.70 euros gross per share, which represents an increase of 1% per year, in accordance with the company's strategy.
Regarding the demand for gas and exports in the period, the operator of the Spanish gas system indicated that they have grown by 8.2% until the end of September.
