Naturgy stock gains 14.5 percent this year on stronger profits

Published on 09/23/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Naturgy stock is up 14.5 percent in 2026, while first-half profit reached EUR 1.215 billion on September 22 coverage. EBITDA rose 5 percent to EUR 2.975 billion.

Gasterminal und Kraftwerk an der Küste bei Sonnenuntergang, Symbolbild Energieversorger — Naturgy Energy Group S.A. (ES0116870314) betreibt Gasterminals und Kraftwerksanlagen an der spanischen Küste bei Sonnenuntergang, Illustration mit AI erstellt.

Naturgy stock was quoted at EUR 29.53 on BME on September 23, 2026, up 0.92 percent during the session, with volume of 294,090 shares. The move follows first-half profit of EUR 1.215 billion, a 6 percent increase from the same period of 2025, according to Expansion on September 22, 2026.

Profit growth raises the outlook

Naturgy reported first-half 2026 EBITDA of EUR 2.975 billion, 5 percent above the comparable period, according to Expansion. The company also lifted its full-year EBITDA outlook from EUR 1.9 billion to EUR 2.1 billion, creating a quantified upgrade of EUR 200 million.

The dividend framework adds a second income signal. Naturgy paid EUR 0.60 per share on July 29, 2026, and set a minimum dividend of EUR 1.80 per share for 2026 versus EUR 1.77 per share paid for fiscal year 2025, according to Expansion.

Analysts see further upside

The market view remains constructive but measured. Bloomberg consensus cited by Expansion on September 22, 2026, assigns Naturgy a price target of EUR 31.04, described as 5 percent above the then-current share price. BNP Paribas and Oddo were reported as more optimistic, with potential upside of as much as 34.5 percent.

That comparison matters because the stock had already gained 14.5 percent in 2026 by September 22, 2026, while 20 of 22 covered institutions recommended holding or owning the shares, according to Expansion. The key investor question is therefore whether the upgraded operating outlook can support the valuation after the year-to-date advance.

Stock trades near EUR 30

Naturgy stock stood at EUR 29.53 on BME as of September 23, 2026, compared with an intraday high of EUR 29.68 and a low of EUR 29.37. The market capitalization was shown at EUR 31.14 billion in a September 22, 2026 market snapshot, while a separate September 23 quote showed the stock near EUR 29.60.