Enagás has once again presented accounts with the accounting distortion of the sale of its business in the United States. According to the data sent to the National Securities Market Commission (CNMV), the firm directed by Arturo Gonzalo has presented some losses between January and September of 130.2 million euroscompared to the profit of 259 million a year ago. This result is due to the accounting losses of 367.3 million euros generated by the transfer of its stake in Tallgrass to Blackstone Infrastructure Partners for 1.1 billion dollars. This impact was already evident in the first semesterwhen Enagás lost 210 million due to the accounting effect.
However, despite the result, the gas company has taken advantage of the divestment to cut debt and face the powerful investment cycle that lies ahead. In this sense, Enagás has made a cut in its liabilities close to 1,000 million, from 3,406 million euros at the end of September 2023 to 2,421 million euros until the third quarter of this year, a drop of almost 29%.
The profit after taxes as of September 30, 2024, excluding the impact of the 2024 and 2023 asset rotation from the sale of the Morelos gas pipeline, reached 233.5 million euros7.8% more than that registered in the same period of 2023.
The firm has also announced that it submitted the request to the funds Connecting Europe Facility (CEF) to carry out the studies of their Projects of Common Interest (PCI): the H2med runnerthe network spanish trunk and the two associated storages.
In the case of H2med, Enagás, together with the operators GRTgaz, Teréga, REN and OGEhas submitted the application for CEF funds with letters of support from the governments of Portugal, Spain, France and Germany.
The beneficiaries of the aid line, key to the development of the projects, are They will know at the end of this 2024. So their engineering will be carried out throughout 2025.
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