February 17, 2026 [Reuters]- Spanish grid operator Enagas expects lower profit this year of 235 million euros ($278.15 million), down from 266.3 million euros in 2025 when earnings were lifted by asset sales and an arbitration award.
Earnings before interest, taxes, depreciation and amortisation is expected to be 620 million euros this year, compared with 675.7 million euros in 2025.
In 2025, Enagas surpassed targets as it swung to a 339.1 million euro profit thanks to asset sales, cost controls and the upward revision of the amount it was awarded in an arbitration on an investment in Peru.
That followed a net loss of 299.3 million euros in 2024 after it sold an asset in the United States.
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