Enagas returns to profitability in 2025 after beating financial targets

Spanish gas grid operator Enagas posted a net profit of 339.1 million euros last year following asset sales and cost controls. The firm beat its annual targets.

Insights:
ENGlobal Corporation reported a net profit of €339.1 million for the full year 2025, reversing a €299.3 million net loss recorded in 2024. The results, published on February 17, 2026, show that the company, which operates the Enagas network in Spain ESES, exceeded its stated financial targets for the year. This shift to profitability represents a significant company-level turnaround within the gas grid operator sector.
A view of Enagas' tanks at Zona Franca in Barcelona, Spain, January 29, 2024. REUTERS/Albert Gea
A view of Enagas' tanks at Zona Franca in Barcelona, Spain, January 29, 2024. REUTERS/Albert Gea
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