Strong performance and renewable focus drive positive results

  • Naturgy Energy Group reports higher net profit for 2023
  • Net profit increases to 1.99 billion euros
  • Strong performance in regulated and unregulated activities abroad
  • Renewable generation and supply in Spain contribute to positive results
  • Earnings before interest, taxes, depreciation and amortization rise to EUR5.48 billion
  • Revenue falls to EUR22.62 billion due to high energy prices in 2022
  • Analysts’ expectations for net profit and sales slightly exceeded
  • Dividend to be raised to EUR1.40 per share
  • 2024 investment plan focuses on renewables

Naturgy Energy Group has announced a higher net profit for 2023, despite facing challenges from lower energy prices. The Spanish natural-gas and power utility reported a net profit of 1.99 billion euros, up from EUR1.65 billion the previous year. This positive result was driven by the company’s strong performance in both regulated and unregulated activities abroad, as well as its renewable generation and supply efforts in Spain. Earnings before interest, taxes, depreciation and amortization also saw an increase, reaching EUR5.48 billion. While revenue fell to EUR22.62 billion, this was attributed to the high energy prices in 2022 caused by the start of the Ukraine war. Analysts’ expectations for net profit and sales were slightly exceeded, with the company planning to raise its dividend to EUR1.40 per share. Looking ahead, Naturgy Energy Group aims to invest around EUR3 billion in 2024, with a focus on renewable energy.

Factuality Level: 9
Factuality Justification: The article provides factual information about Naturgy Energy Group’s financial performance for 2023, including details about net profit, revenue, EBITDA, and future investment plans. The information is presented in a straightforward manner without digressions, bias, or inaccuracies.
Noise Level: 3
Noise Justification: The article provides relevant information about Naturgy Energy Group’s financial performance for 2023, including net profit, revenue, and EBITDA. It also mentions the factors influencing the results, such as lower energy prices and the impact of the Ukraine war. The article stays on topic and supports its claims with data and figures. However, it lacks in-depth analysis or exploration of long-term trends, antifragility, or accountability of powerful people, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: The news article pertains to the financial performance of Naturgy Energy Group, a Spanish natural-gas and power utility. It provides information on the company’s net profit, earnings before interest, taxes, depreciation and amortization, and revenue. It also mentions the company’s plans for dividend increase and investment in renewables.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article does not describe any extreme event.
Public Companies: Naturgy Energy Group (N/A)
Key People: Nina Kienle (N/A)

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