RBC forecasts EUR 1.72 billion profit. Naturgy stock sits 0.68 percent below its high

Published on 10/22/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC sees EUR 1.72 billion profit, up 3.10 percent year over year. Naturgy stock costs EUR 30.55 on October 22, 2026, 0.36 percent below Xetra.

RBC profit view and reporting date

RBC projected EUR 1.72 billion of nine-month net income on October 20, 2026.
RBC estimated EUR 4.36 billion of nine-month EBITDA, up 3.40 percent year over year.
Naturgy stock was trading at EUR 30.55 at 9:29 a.m. CEST at Lang & Schwarz on October 22, 2026, 0.36 percent below the Xetra close of October 21, 2026.
Naturgy will publish nine-month results on October 29, 2026, before the Spanish market opens.

Flatlay mit Aktienzertifikat, ISIN-Karte, Rohrzange und Handschuhen der Energiebranche — Naturgy Energy Group S.A. (ES0116870314) symbolisiert dieses Flatlay mit Aktienzertifikat, ISIN-Karte und Werkzeug der Energiebranche, Illustration mit AI erstellt.

Naturgy stock (ISIN ES0116870314) was trading at EUR 30.55 at Lang & Schwarz on October 22, 2026 at 9:29 a.m. CEST, down 0.36 percent versus the Xetra close of October 21, 2026 at EUR 30.66. On October 20, 2026, Benzinga reported that RBC expected nine-month net income of EUR 1.72 billion, up 3.10 percent year over year.

Three dates shape the setup

Naturgy's July 2026 guidance pointed to more than EUR 5.50 billion of EBITDA and more than EUR 2.10 billion of net income for the year, as reported by Benzinga. On October 15, 2026, Investing.com reported that Naturgy had scheduled its nine-month results for October 29, 2026. The October 20, 2026 RBC preview was the latest of the three events and put expected net income at EUR 1.72 billion.

What will the results test?

RBC estimated nine-month EBITDA at EUR 4.36 billion, up 3.40 percent year over year, but its forecast points to a split between businesses. Spanish thermal generation EBITDA was expected to rise 16.00 percent year over year in the third quarter, while Spanish renewables EBITDA was forecast to fall 19.00 percent. Distribution networks contributed EUR 1.51 billion of EBITDA in the first half of 2026, compared with EUR 222.00 million from Spanish thermal generation and EUR 250.00 million from Spanish renewables, according to Benzinga. That mix makes the October report a test of earnings quality, not only the headline profit.

Upcoming reporting date

Investing.com said the company plans to publish nine-month 2026 results before the Spanish market opens on October 29, 2026, followed by an analyst and investor call at 11:30 a.m. CET. RBC's estimate of EUR 4.36 billion EBITDA and EUR 1.72 billion net income gives investors two reference points for that release.

Stock stays below the yearly high

Naturgy's 52-week range is EUR 24.30 to EUR 30.76 as of October 22, 2026. The Lang & Schwarz price is EUR 30.55, placing the stock 0.68 percent below the high and leaving the market focused on whether the reported figures can support the 2026 objectives.

Naturgy was trading at EUR 30.55 at Lang & Schwarz on October 22, 2026 at 9:29 a.m. CEST, minus 0.36 percent versus the Xetra close of October 21, 2026 at EUR 30.66. The further course of trading is shown by the continuously updated real-time quote of Naturgy stock.