Enagas reports EUR 204.10 million: Renta 4 keeps EUR 20.30 target for Enagas stock

Published on 10/21/2026 at 10:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Recurring profit reached EUR 195.80 million in the first nine months of 2026. Enagas stock costs EUR 17.32 on October 21, 2026 versus Xetra close.

Results and target reset

On October 20, 2026, Enagas reported EUR 204.10 million in profit after tax for nine months.
Renta 4 reiterated an EUR 20.30 target on October 20, 2026.
Enagas stock trades at EUR 17.32 at 10:02 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Enagas (ISIN ES0130960018) reported EUR 204.10 million in profit after tax for the first nine months of 2026 on October 20, while recurring profit reached EUR 195.80 million. The result keeps the company on course for its annual target, but the lower reported profit highlights the effect of last year's asset gains, according to Enagas.

Results point to the annual targets

EBITDA reached EUR 491.50 million in the nine months to September 30, 2026, against the company's full-year objective of EUR 620.00 million. Recurring profit of EUR 195.80 million also represents 83.32 percent of the EUR 235.00 million annual target, giving the market a concrete measure of progress.

Participating companies contributed EUR 145.80 million to EBITDA, an increase of EUR 28.10 million from the first nine months of 2025. Enagas said the increase was supported by higher TAP capacity and the acquisition of a 31.50 percent stake in Teréga, completed on July 30, 2026.

Three dates explain the strategy

On July 21, 2026, Enagas agreed to acquire a 20.00 percent stake in the Saggas regasification plant for EUR 31.00 million. On July 30, 2026, it completed the EUR 573.00 million purchase of 31.50 percent of Teréga. On October 20, 2026, the company published its nine-month results, with EUR 491.50 million in EBITDA as the current operating marker.

What does the target imply?

Renta 4 reiterated an Overweight recommendation and an EUR 20.30 price target on October 20, 2026, according to Bolsamania. The unchanged annual objectives make delivery against the EUR 235.00 million recurring-profit goal and EUR 620.00 million EBITDA goal the central test for the remaining 2026 reporting cycle.

Stock price and investor view

Enagas stock was trading at EUR 17.32 at Lang & Schwarz on October 21, 2026 at 10:02 a.m. CEST. The company also maintained its dividend policy of EUR 1.00 per share, while net debt stood at EUR 2,979.00 million at September 30, 2026.

The further course of trading is shown by the continuously updated real-time quote of Enagas stock.