The four great Spanish energy -Iberdrola, Naturgy, Endesa, Repsol- will start this week the presentation of results of 2024, the year in which, according to analysts, Together they won just over 11.7 billion, 9.3% more than in 2023in a more favorable environment after having declined the tax of the sector.
The presentation of accounts begins after it has not been approved The 2025 extension of the temporary gravamen of the energy sector By rejecting Congress on Wednesday, January 22, the validation of the Royal Decree Law of the Government regarding this, which decreased this norm and all its content.
As planned, the Royal Decree Law that extended the tax on the great energy – as the government agreed with ERC, Bildu, Podemos and BNG to the current exercise – was rejected with 183 votes against (those of PP, Vox, Junts , PNV and UPN), 165 in favor and one abstention (Canarian coalition).
The tax at energy had been approved in 2022, with a temporary basis of two years, together with the extraordinary bank tax, at a juncture marked by the high energy prices for the Ukraine conflict.
Analysts’ forecasts
Before this season of results, The Consensus of Bloomberg analysts consulted by EFE provides benefits higher than those of the previous year in the case of Iberdrola and Endesawhile estimating setbacks for Repsol and Naturgy.
The forecasts of these experts indicate that Repsol, that on Thursday will be the first of these companies to present results, will obtain a benefit of 2,175 million euros, which represents a setback of 31.3% compared to the data of 2023, weighed by The low price of oil.
In fact, This impact of low oil prices, as well as gas and lower industrial margins, The latest accounts presented have already influenced the results until September, when Repsol won 1,792 million euros, 36% less than in the same period of a year earlier.
For its part, the consensus provides for a rebound in the profits for Iberdrola, which presents its accounts on Thursday, and which according to these analysts will register a benefit of 5,911 million euros, which represents a 23% rise compared to profits of a year earlier, promoted by the sale of part of your business in Mexico.
Until September 2024, Iberdrola won 5,471 million euros, 50 % more.
The forecasts of these analysts also expect Endesa’s benefit to rebound, which also presents accounts on Thursday 27, to 1,822.5 million, after the previous year won 742 million for the award that forced him to pay 530 million euros to a producer of liquefied natural gas (LNG) and by the decrease in the margin of gas after the high prices of 2022.
Until September 2024, Endesa won 33% more, up to 1,404 million euros, Thanks to the positive contribution of all business lines and the recovery of the gas business.
For its part, the market consensus awaits a benefit for Naturgy, which presents accounts on Thursday 20, of 1,853.1 million euros, which represents a 6.7% decline compared to data from a year earlier.
In the first semester, since this company has semiannual and non -quarterly results, it earned 1,130 million euros, 0.2% less.
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