Naturgy Energy Group, S.A. (GASNY) Q4 2025 Earnings Call Transcript

SA Transcripts158.47K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Naturgy Energy Group, S.A. (GASNY) Q4 2025 Earnings Call February 18, 2026 4:00 AM EST Company Participants Abel Arbat - Head of Investor RelationsSteven Fernández - Head of Financial Markets & Corporate Development DepartmentRita de Alda Iparraguirre - Head of Planning & Control DepartmentFrancisco Reynés Massanet - CEO & Executive ChairmanPedro LarreaJon Ganuza de Arroyabe - Head of Procurement & Wholesale Markets Department Presentation Abel ArbatHead of Investor Relations Good morning, everyone, and thank you for joining our full year 2025 results presentation. This is Abel Arbat speaking from the Capital Markets team at Naturgy. Next to me sits our Executive Chairman, Mr. Francisco Reynes; the General Counsel to the Board, Manuel Garcia Cobaleda; the Global Head of Financial Markets and Corporate Development, Mr. Steven Fernandez; and the Global Head of Control and Energy Planning, Ms. Rita Ruiz de Alda. Today's presentation is a bit longer than usual as we aim to cover the results, but also to address some of the key themes and opportunities for 2026. As usual, we will start the presentation and then move to the Q&A session at the end of the call. Please, as usual, submit your questions through the webcast platform. And with that, let me hand it over to Steven Fernandez to kick off the presentation. Steven FernándezHead of Financial Markets & Corporate Development Department Thank you, Abel, and good morning to everyone. Thank you for joining our webcast to discuss the full year numbers for 2025 and the outlook for 2026. So before moving into the detailed review, I would like to highlight some of the key messages for the year. As you have seen in the results presentation, 2025 was a strong year for Naturgy, where we met our guidance, once again, reinforcing our track record of consistent delivery. The successful execution of our 2018 to 2025 transformation has