# Naturgy Energy Group

Summary updated: 2026-10-04T14:25:02.836Z
Canonical: https://finbar.com/research/companies/naturgy-energy-group

## Overview

Naturgy Energy Group is a multinational energy company headquartered in Spain, operating across the electricity and gas sectors. Its activities include electricity generation, gas and electricity networks and supply, gas procurement and trading, and energy services; it is also developing renewable generation and renewable gases. [1](https://app.finbar.com/go?id=P58322726)[2](https://app.finbar.com/go?id=T241587)[3](https://app.finbar.com/go?id=P26066234) The company reports operations in more than 20 countries, with significant gas distribution and energy activities in Spain and Latin America, as well as operations in other international markets. [4](https://app.finbar.com/go?id=P14809812)[5](https://www.naturgy.com/en/about-us-naturgy/the-group/)

Naturgy describes its purpose as “Facilitate your relationship with energy every day.” [1](https://app.finbar.com/go?id=P58322726) In reporting year 2025, it recorded net turnover of €19.455 billion and had 6,637 employees. [6](https://app.finbar.com/go?id=T11031836)[7](https://app.finbar.com/go?id=T6915335)
[1](https://app.finbar.com/go?id=P58322726)[2](https://app.finbar.com/go?id=T241587)[3](https://app.finbar.com/go?id=P26066234)[4](https://app.finbar.com/go?id=P14809812)[6](https://app.finbar.com/go?id=T11031836)[7](https://app.finbar.com/go?id=T6915335)[5](https://www.naturgy.com/en/about-us-naturgy/the-group/)

## Products & services

Naturgy supplies natural gas, LNG and electricity, and provides electricity generation and gas and electricity network services. In 2025 it reported 241.9 TWh of gas supplied, 21.806 TWh of electricity supplied and 18,695 MW of generation capacity, including 8,020 MW of renewable capacity and 65 MW of battery storage. Renewables accounted for 46.0% of installed capacity and 39.4% of net generation. [8](https://app.finbar.com/go?id=T7453940) Its gas operations included 138,247 km of network and 11.1 million gas supply points; its Spanish gas-supply business served more than 3.3 million retail and industrial customers. [2](https://app.finbar.com/go?id=T241587)

Naturgy’s gas-related offerings include biomethane and bio-LNG: in 2025 it reported 4.1 MW of installed biomethane capacity and 23.8 GWh produced and supplied, alongside development of green-hydrogen projects. [2](https://app.finbar.com/go?id=T241587) In Spain, named household electricity offers include Por Uso (fixed energy price throughout the day), Noche (time-of-use pricing), Dinámica (hourly market-linked pricing) and Plana/Zen (personalized monthly fee); combined electricity-and-gas tariffs are also offered. [9](https://www.naturgy.es/hogar/luz) [10](https://www.naturgy.es/hogar/luz/tarifa_por_uso_luz) [11](https://www.naturgy.es/hogar/luz/tarifa_dinamica_luz) [12](https://www.naturgy.es/hogar/luz_y_gas) Additional customer services include solar self-consumption and maintenance, gas-equipment and boiler maintenance, electrical maintenance, home repairs and EV charging. Naturgy lists 7.4 kW Veltium Lite Uno and Lite Zero chargers, with configurable output. [13](https://www.naturgy.es/hogar/servicios) [14](https://www.naturgy.es/hogar/solar) [15](https://www.naturgy.es/hogar/servicios/puntos_de_recarga_electricos)
[8](https://app.finbar.com/go?id=T7453940)[2](https://app.finbar.com/go?id=T241587)[9](https://www.naturgy.es/hogar/luz)[10](https://www.naturgy.es/hogar/luz/tarifa_por_uso_luz)[11](https://www.naturgy.es/hogar/luz/tarifa_dinamica_luz)[12](https://www.naturgy.es/hogar/luz_y_gas)[13](https://www.naturgy.es/hogar/servicios)[14](https://www.naturgy.es/hogar/solar)[15](https://www.naturgy.es/hogar/servicios/puntos_de_recarga_electricos)

## Geographic presence

Naturgy’s FY2025 operating categories include Spain, Latin America, Australia and the United States. [16](https://app.finbar.com/go?id=T272109) Its reported gas-distribution footprint includes Spain and Latin American markets, where it serves more than 5.8 million customers across Argentina, Brazil, Chile and Mexico; in Spain it serves 5.3 million customers across more than 1,220 municipalities in ten autonomous communities. The company reports 11.1 million gas-distribution supply points overall. [17](https://app.finbar.com/go?id=T10188531)

The company’s subsidiary disclosures identify gas-distribution activities in Argentina and Chile, while its Australian entities include electricity-generation businesses. [18](https://app.finbar.com/go?id=T6226568)[19](https://app.finbar.com/go?id=T13916640)
[16](https://app.finbar.com/go?id=T272109)[17](https://app.finbar.com/go?id=T10188531)[18](https://app.finbar.com/go?id=T6226568)[19](https://app.finbar.com/go?id=T13916640)

## Business segments

Naturgy reports its activities primarily in two business segments: Networks and Energy Markets. Networks covers gas and electricity distribution, while Energy Markets includes energy management, thermal and renewable generation, renewable gases, and energy supply. The segment tables also show a Rest category and consolidation or elimination items. [20](https://app.finbar.com/go?id=T11294833)[17](https://app.finbar.com/go?id=T10188531)[21](https://app.finbar.com/go?id=T4074402)

For FY2025, Networks generated €2,710 million of EBITDA, about 50.8% of consolidated EBITDA (€5,334 million), and Energy Markets generated €2,722 million, about 51.0%; Rest was –€98 million, or about –1.8%. On consolidated net sales of €19,455 million, Networks contributed €6,166 million (about 31.7%) and Energy Markets €13,289 million (about 68.3%). Percentages are calculated against the stated consolidated totals. [20](https://app.finbar.com/go?id=T11294833)[22](https://app.finbar.com/go?id=P31770055)

In the latest located update, for the first quarter of 2026, Distribution Networks contributed €627 million of EBITDA (about 46.0% of the €1,362 million total) and Energy Markets €753 million (about 55.3%); Rest was –€18 million (about –1.3%). Energy Markets’ reported components include energy management, thermal generation, renewable generation, renewable gases, supply and holding activities. Naturgy also discloses activity by geography, but the reported geographic information does not replace Networks and Energy Markets as its principal segment breakdown. [23](https://app.finbar.com/go?id=T3819366)[24](https://app.finbar.com/go?id=P52604250)[20](https://app.finbar.com/go?id=T11294833)
[20](https://app.finbar.com/go?id=T11294833)[17](https://app.finbar.com/go?id=T10188531)[21](https://app.finbar.com/go?id=T4074402)[22](https://app.finbar.com/go?id=P31770055)[23](https://app.finbar.com/go?id=T3819366)[24](https://app.finbar.com/go?id=P52604250)

## Company history

Naturgy traces its origins to 1843, when Sociedad Catalana para el Alumbrado por Gas began supplying gas lighting in Barcelona. In 1965, Gas Natural, S.A. was established to import natural gas from North Africa, alongside development of Barcelona’s regasification plant and Spain’s first LNG tanker. [25](https://www.naturgy.com/en/about-us-naturgy/the-group/our-history/)

In 1991, Catalana de Gas absorbed Gas Madrid and adopted the Gas Natural name; the group began expanding internationally in 1992, including into Argentina. A major milestone followed in 2008, when Gas Natural merged with Unión Fenosa and Unión Fenosa Generación. The company entered Chile in 2014 through the takeover of Compañía General de Electricidad. [25](https://www.naturgy.com/en/about-us-naturgy/the-group/our-history/)

In 2018, Francisco Reynés became chairman and CEO, and Gas Natural Fenosa adopted Naturgy as its brand and the parent company’s name. In 2021, Naturgy announced a strategic plan for 2021–25 that included €14 billion in planned investment and an increased focus on the energy transition. [26](https://www.naturgy.com/en/shareholders-and-investors/corporate-governance/francisco-reynes-massanet/) [27](https://www.naturgy.com/en/press-release/naturgy-to-replace-gas-natural-fenosa-as-the-energy-companys-brand-to-face-new-challenges/) [28](https://www.naturgy.com/en/press-release/naturgy-presents-its-strategic-plan-for-the-period-to-2025-with-investments-of-14-billion-to-strengthen-its-role-in-the-energy-transition/)
[25](https://www.naturgy.com/en/about-us-naturgy/the-group/our-history/)[26](https://www.naturgy.com/en/shareholders-and-investors/corporate-governance/francisco-reynes-massanet/)[27](https://www.naturgy.com/en/press-release/naturgy-to-replace-gas-natural-fenosa-as-the-energy-companys-brand-to-face-new-challenges/)[28](https://www.naturgy.com/en/press-release/naturgy-presents-its-strategic-plan-for-the-period-to-2025-with-investments-of-14-billion-to-strengthen-its-role-in-the-energy-transition/)

## Sources

1. [Naturgy Energy Group — Full financial report (2025 Y), p219](https://app.finbar.com/go?id=P58322726)
2. [Naturgy Energy Group — Full financial report (2025 Y), p223](https://app.finbar.com/go?id=T241587)
3. [Naturgy Energy Group — Full financial report (2025 Y), p230](https://app.finbar.com/go?id=P26066234)
4. [Naturgy Energy Group — Full financial report (2025 Y), p331](https://app.finbar.com/go?id=P14809812)
5. [www.naturgy.com](https://www.naturgy.com/en/about-us-naturgy/the-group/)
6. [Naturgy Energy Group — Full financial report (2025 Y), p439](https://app.finbar.com/go?id=T11031836)
7. [Naturgy Energy Group — Full financial report (2025 Y), p532](https://app.finbar.com/go?id=T6915335)
8. [Naturgy Energy Group — Full financial report (2025 Y), p230](https://app.finbar.com/go?id=T7453940)
9. [www.naturgy.es](https://www.naturgy.es/hogar/luz)
10. [www.naturgy.es](https://www.naturgy.es/hogar/luz/tarifa_por_uso_luz)
11. [www.naturgy.es](https://www.naturgy.es/hogar/luz/tarifa_dinamica_luz)
12. [www.naturgy.es](https://www.naturgy.es/hogar/luz_y_gas)
13. [www.naturgy.es](https://www.naturgy.es/hogar/servicios)
14. [www.naturgy.es](https://www.naturgy.es/hogar/solar)
15. [www.naturgy.es](https://www.naturgy.es/hogar/servicios/puntos_de_recarga_electricos)
16. [Naturgy Energy Group — Full financial report (2025 Y), p72](https://app.finbar.com/go?id=T272109)
17. [Naturgy Energy Group — Full financial report (2025 Y), p327](https://app.finbar.com/go?id=T10188531)
18. [Naturgy Energy Group — Full financial report (2025 Y), p166](https://app.finbar.com/go?id=T6226568)
19. [Naturgy Energy Group — Full financial report (2025 Y), p169](https://app.finbar.com/go?id=T13916640)
20. [Naturgy Energy Group — Full financial report (2025 Y), p62](https://app.finbar.com/go?id=T11294833)
21. [Naturgy Energy Group — Full financial report (2025 Y), p328](https://app.finbar.com/go?id=T4074402)
22. [Naturgy Energy Group — Presentation (2025 Y), p45](https://app.finbar.com/go?id=P31770055)
23. [Naturgy Energy Group — Partial financial report (2026 Q 1), p26](https://app.finbar.com/go?id=T3819366)
24. [Naturgy Energy Group — Partial financial report (2026 Q 1), p36](https://app.finbar.com/go?id=P52604250)
25. [www.naturgy.com](https://www.naturgy.com/en/about-us-naturgy/the-group/our-history/)
26. [www.naturgy.com](https://www.naturgy.com/en/shareholders-and-investors/corporate-governance/francisco-reynes-massanet/)
27. [www.naturgy.com](https://www.naturgy.com/en/press-release/naturgy-to-replace-gas-natural-fenosa-as-the-energy-companys-brand-to-face-new-challenges/)
28. [www.naturgy.com](https://www.naturgy.com/en/press-release/naturgy-presents-its-strategic-plan-for-the-period-to-2025-with-investments-of-14-billion-to-strengthen-its-role-in-the-energy-transition/)

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