Endesa earns 1,404 million, 32% more, due to the recovery in the gas business

Normality returns to the energy sector, and companies notice this. Endesa earned 1,404 million euros from January to September, which is 32% more than the same period of the previous year. The strength of the regulated business and a greater impact on electricity generation were key, along with the normalization of the gas business.

The company led by José Bogas closed the first nine months of 2024 with an Ebitda of 3,881 million euros, 16% higher than the same period of the previous year, thanks to the positive contribution of all business lines. Both those that operate in the liberalized market (Generation and Marketing, which total 425 million with a year-on-year increase of 20%) and in the regulated market (Distribution, with an increase of 7% after contributing 102 million more than in 2023).

Regarding investments, they reached 1.3 billion euros in the first nine months, absorbing networks and renewables more than two-thirds of the total. Thus, Endesa has 10,100 megawatts (MW) of renewable power – hydroelectric, solar and wind – operational on the Peninsula, 800 MW more compared to the end of September 2023.