Edenor advances Metrogas deal: what it means for Edenor stock

Published on 10/02/2026 at 01:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Edenor stock this means a planned gas expansion priced at USD 780.00 million. Operating profit rose 317.65 percent in the first half of 2026.

Edenor, US29244A1025, Illustration mit AI erstellt.

Edenor (ISIN US29244A1025) is advancing a USD 780.00 million expansion into gas distribution after Metrogas agreed to extend its license through 2047, according to iProfesional on September 30, 2026. The deal would transfer 70.00 percent of Metrogas and 5.00 percent of Metroenergia to Edenor, subject to regulatory approvals.

Metrogas adds a second utility

The license extension is scheduled to begin on December 28, 2027 and run to December 2047, giving the proposed transaction a longer regulatory horizon. The Metrogas shareholder meeting is scheduled for October 29, 2026, while the transaction also requires approval from the Ente Nacional Regulador del Gas y la Electricidad, according to iProfesional.

The purchase price covers YPF's 70.00 percent holding in Metrogas and its 5.00 percent stake in Metroenergia. ABC Color reported on September 30, 2026 that the license extension also requires USD 186.80 million of investment in gas infrastructure over 10 years.

Operating profit jumps in 2026

Edenor reported ARS 1,822,538 million of revenue for the six months ended June 30, 2026, up 4.98 percent from ARS 1,736,009 million in the same period of 2025, according to StockSentinel. Operating profit reached ARS 190,654 million, compared with ARS 45,649 million a year earlier, an increase of 317.65 percent.

The second-quarter figures show the effect of the comparison base: revenue reached ARS 918,549 million, while net income was ARS 31,305 million, down 74.78 percent from ARS 124,112 million in the second quarter of 2025. Adjusted EBITDA grew 94.00 percent in the first half of 2026 after excluding a prior-year CAMMESA settlement gain, according to StockSentinel.

What the expansion means for Edenor stock

The proposed move would add a second regulated utility business to Edenor's electricity distribution operations. The strategic benefit depends on regulatory clearance and execution, while the USD 780.00 million consideration makes the approval process a material valuation factor.

Edenor stock prior close

The prior close at Lang & Schwarz was EUR 17.85 on October 1, 2026. Investing.com identifies Edenor's American depositary receipts as EDN on the NYSE and lists the next earnings date as November 9, 2026, with the company identified by ISIN US29244A1025.