Enagas seals 13 Castor wells as Enagas stock sits 9.31 percent below its 52-week high

Published on 10/06/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EBITDA was EUR 314 million in the first half of 2026 against EUR 620 million guidance. Enagas stock costs EUR 16.27 after EUR 16.31 on October 6, 2026.

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Enagas stock (ISIN ES0130960018) was trading at EUR 16.27 at Lang & Schwarz on October 6, 2026 at 1:05 p.m. CEST, 9.31 percent below its 52-week high of EUR 17.94. On October 5, 2026, Enagas said it had completed the permanent sealing of 13 Castor gas-storage wells at an estimated cost of EUR 241 million, pending final certifications.

Castor work closes a costly chapter

The company installed three plugs in each well and prepared the offshore and onshore facilities for the final dismantling phase. The EUR 241 million estimate gives the project a concrete financial scale as Enagas moves from well abandonment toward surface decommissioning.

The stock was down 0.25 percent versus the Lang & Schwarz prior close of EUR 16.31 on October 5, 2026. Its EUR 16.27 reference price remained below the EUR 17.94 52-week high, leaving the market valuation sensitive to the next regulatory and operating signals.

Half-year results support 2026 guidance

In the first half of 2026, Enagas reported EBITDA of EUR 314 million, net profit after tax of EUR 126.9 million and core profit of EUR 118.6 million, according to Yahoo Finance in the first-half 2026 earnings transcript.

Management kept full-year 2026 EBITDA guidance at EUR 620 million, putting first-half EBITDA at 50.65 percent of the target. The company also cited a EUR 1.00 per-share dividend policy and year-end net debt guidance of EUR 2.4 billion in the same presentation.

Target revision highlights regulation

Trading-Treff reported that Renta 4 raised its Enagas price target from EUR 17.70 to EUR 20.30 and retained an overweight rating. The analyst linked the revision to Spain's 2027-2032 gas-network regulatory framework.

The EUR 20.30 target stands 24.77 percent above the EUR 16.27 Lang & Schwarz price. That comparison puts regulation and execution alongside Castor's cost as the central valuation questions for the stock.

Stock remains below its yearly high

Enagas was valued at EUR 4.2 billion in market capitalization on October 6, 2026, while the 52-week range was EUR 13.02 to EUR 17.94. The stock therefore stood 25.00 percent above its yearly low and 9.31 percent below its yearly high.

At Lang & Schwarz, Enagas was trading at EUR 16.27 on October 6, 2026 at 1:05 p.m. CEST, down 0.25 percent from the prior close of EUR 16.31. The further course of trading is shown by the continuously updated real-time quote of Enagas stock.