Energy generation and distribution: 55%
Gas supply: 30%
Renewable energies: 15%

Spain: 40%
Latin America: 35%
Europe (excluding Spain): 25%

The Naturgy Energy Group, S.A. generates the majority of its revenue from energy generation and distribution, followed by gas supply and renewable energies. Spain remains the most important market for the company, followed by Latin America, where Naturgy has a strong presence. Europe, outside of Spain, also contributes significantly to revenues, highlighting the diversification of geographical markets.

Production sites: Spain, Latin America, Africa

Naturgy Energy Group, S.A. is a multinational energy company headquartered in Spain. The company is engaged in the production and distribution of natural gas and electricity. The production facilities are mainly located in Spain, where the company operates a large part of its energy generation.

In addition, Naturgy has significant activities in Latin America, especially in countries such as Mexico, Brazil, and Chile, where it is active in both electricity generation and gas business. In Africa, Naturgy is also active, especially in countries such as Morocco, where it is involved in gas supply.

This geographical diversification allows Naturgy to benefit from different markets and resources and to spread risks.

Strategic Priorities:

• Renewable Energies: Expansion of capacities by 30% by 2025
• Decarbonization: Reduction of CO2 emissions by 35% by 2030
• Digitalization: Investments of 500 million euros in digital infrastructure by 2025

Naturgy Energy Group, S.A. is strongly focusing on expanding renewable energies to strengthen its market position and support the transition to a more sustainable energy supply. The company plans to significantly increase its capacities in this area to meet the growing demand for clean energy.

Another strategic focus is on decarbonization. Naturgy has set ambitious goals to reduce CO2 emissions in order to meet global climate targets and improve its environmental footprint.

In addition, Naturgy is investing in the digitalization of its processes and infrastructure. These investments are aimed at increasing efficiency and unlocking new business opportunities, especially in areas such as smart grids and digital customer solutions.

Main imported raw materials: Natural gas, Liquefied natural gas (LNG)

Main supplier countries: Algeria, Russia, USA, Qatar

Naturgy Energy Group, S.A. is a leading energy company that focuses heavily on the import of natural gas and liquefied natural gas (LNG). Algeria has traditionally been one of the most important suppliers of natural gas, especially through pipelines. In recent years, the dependence on Russian gas has decreased due to geopolitical tensions, while imports from the USA and Qatar, especially of LNG, have increased.

Diversifying the sources of supply is part of Naturgy's strategy to ensure security of supply and to be able to flexibly respond to market changes.

Market share in Spain: 30% (2024, estimated)
EBITDA margin: 20% (2024, estimated)
Investments in renewable energies: 1.5 billion euros (2023)

Naturgy Energy Group, S.A. has a significant competitive advantage in Spain, where it holds an estimated market share of 30%. This secures the company a strong position in the domestic market and enables it to generate stable revenues.

The EBITDA margin of 20% shows that Naturgy operates efficiently and is able to generate solid profits from its revenues. This is an indicator of the company's operational strength.

In addition, Naturgy is investing heavily in renewable energies, with investments of 1.5 billion euros in 2023. This strategy could help the company differentiate itself in an increasingly sustainability-oriented market environment and secure long-term competitive advantages.

Institutional Investor Share: 45% (estimated, 2025)
Insider Purchases/Sales: No significant transactions reported (2025)

The institutional investor share in Naturgy Energy Group, S.A. is estimated to be around 45%. This indicates a solid interest from institutional investors in the company, reflecting confidence in its long-term stability and growth potential.

In 2025, no significant insider transactions were reported, suggesting that the management and other insiders are currently not making significant changes to their stake in the company. This can be interpreted as an indicator of stability and confidence in the current corporate strategy.

Market share of Naturgy Energy Group: Estimated around 5% (2025)

Top competitors and their market shares:

1. Iberdrola, S.A.: around 20%
2. Endesa, S.A.: around 15%
3. Repsol, S.A.: around 10%
4. Enagas, S.A.: around 7%
5. Acciona, S.A.: around 6%
6. Naturgy Energy Group, S.A.: around 5%
7. Red Eléctrica de España, S.A.: around 4%
8. E.ON SE: around 3%
9. EDF (Électricité de France): around 3%
10. Engie SA: around 2%

Moat of Naturgy Energy Group:

Naturgy Energy Group has a moderate moat, mainly supported by its established infrastructure and presence in Spain and Latin America. The company holds a strong position in the gas supply sector, benefiting from long-term contracts and diversified energy generation.

Compared to its competitors like Iberdrola and Endesa, which have larger market shares and a stronger international presence, Naturgy's moat is less pronounced. Iberdrola has a significant advantage due to its investments in renewable energies and global expansion, while Endesa benefits from its integration into the Enel group.

Overall, Naturgy has a solid, but not outstanding moat compared to its larger competitors, some of which have stronger strategic advantages and greater resources.

Revenue growth: 4.5% (2024) EBITDA growth: 3.8% (2024) Net debt to EBITDA ratio: 1.9x (2024)

Naturgy Energy Group, S.A. recorded a revenue growth of 4.5% in 2024, attributed to stable demand in its main markets and successful implementation of its strategic initiatives. The 3.8% EBITDA growth indicates that the company was able to improve its operational efficiencies, contributing to a solid profitability.

The net debt to EBITDA ratio of 1.9x suggests that Naturgy has a moderate level of debt, which is considered relatively healthy in the energy sector. This allows the company to invest in future growth projects without being overly dependent on external capital.

Additionally, Naturgy has been investing in renewable energies in recent years, positioning the company well to benefit from the global energy transition. This strategic focus could lead to further improvement in financial performance in the long term.

Overall, Naturgy's financial stability and strategic direction indicate that the stock could be a potentially good investment for investors interested in a stable energy company with growth potential.

Dividend yield: 6.2% (2025, estimated)
Payout ratio: 70% (2024, estimated)

Naturgy Energy Group, S.A. is known for its stable dividend policy. The company has consistently paid out dividends in recent years, indicating a reliable payout. The estimated dividend yield of 6.2% in 2025 suggests an attractive return for investors.

The payout ratio of about 70% in 2024 shows that the company returns a significant portion of its profits to shareholders while still retaining enough funds for investments and debt reduction. This indicates a sustainable dividend policy as long as the earnings situation remains stable.