Naturgy Ban SA Class B

Naturgy Ban SA Class B

1,630.00
ARS
-10.00
(-0.61%)
341.17EPS
6.10P/E
677.12BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.21
4.94
6.08
14.4
33.44
96.2
136.33
153.67
231.59
632.19
1,224.45
2,203.86
2,492.55
2,758.48
Basic EPS, GAAP
0.11
-0.17
0.66
0.74
1.88
11.21
15.09
-68.23
14.42
59.67
82.45
325.44
562.42
341.17
Free Cash Flow per Basic Share
0.45
0.18
1.73
1.07
-6.79
3.64
5.73
12.8
17.43
68.66
301.35
281.14
349.94
532.95
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
121.23
298.69
55.08
Book Value per Share
2.16
1.98
2.64
3.38
16.84
36.62
64.94
29.79
72.45
285.3
703.71
1,127.27
1,391
1,392.97
Tangible Book Value per Share
2.12
1.93
2.56
3.25
16.36
35.4
62.36
28.52
69.6
271.83
665.75
1,077.32
1,308.88
1,286.37
Basic Weighted Avg Shares
326
326
326
326
326
326
326
326
326
326
326
326
326
326
Sales/Revenue/Turnover
1,046
1,607
1,978
4,688
10,887
31,318
44,381
50,025
75,392
205,804
398,606
717,443
811,426
897,989
Operating Margin (%)
6.84
-5.44
11.54
-3.45
11.27
15.92
6.95
1.97
4.72
9.22
3.16
16.71
19.57
16.4
Depreciation Expense
71
74
83
96
582
824
1,331
2,242
1,360
4,311
9,347
19,927
19,471
20,502
Net Income, GAAP
35
-56
214
242
611
3,648
4,914
-22,212
4,693
19,423
26,840
105,945
183,092
111,062
Effective Tax Rate (%)
36.11
- -
35.58
35.54
49.29
34.08
- -
- -
11.51
11.07
10.2
25.72
23.96
31.9
Profit Margin (%)
3.35
-3.51
10.81
5.16
5.61
11.65
11.07
-44.4
6.23
9.44
6.73
14.77
22.56
12.37
Working Capital
-266
-435
-200
-479
54
-315
-1,269
-1,817
-1,025
7,209
28,338
71,784
63,515
-18,097
LT Debt
- -
- -
17
- -
246
128
- -
- -
- -
443
135
59
17
- -
Total Equity
702
646
860
1,101
5,483
11,920
21,141
9,699
23,587
92,875
229,086
366,971
452,825
453,467
Return on Invested Capital (%)
5.4
- -
20.19
21.36
11.79
32.61
- -
- -
23.64
31.01
7.62
35.99
39.02
26.42
Return on Capital (%)
4.43
- -
27.97
24.49
21.52
43.89
- -
- -
46.67
40.43
16.62
35.53
45.24
30.06
Return on Common Equity (%)
5.11
-8.38
28.42
24.66
18.57
41.93
29.73
-144.04
28.2
33.36
16.67
35.55
44.67
29.11

Capital Structure

ARS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
28
26
24
LT Borrowings
- -
- -
- -
LT Finance Leases
17
11
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
326
326
326
Market Capitalization
771,530
665,729
677,123

Working Capital

ARS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
242,082
261,149
346,447
Cash, Cash Equivalents & STI
80,265
98,711
65,492
Accounts Receivable, Net
155,574
155,648
271,723
Inventories
1,708
2,037
2,113
Total Current Liabilities
178,567
178,102
364,544
Payables & Accruals
- -
- -
- -
ST Debt
28
26
24
Deferred Revenue
- -
- -
- -

Growth Rates

ARS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
123.38%
133.44%
23.4%
Free Cash Flow
-5.91%
137.34%
24.47%
Net Income, GAAP
74.38%
119.69%
72.82%
Sales/Revenue/Turnover
92.18%
82.09%
13.1%
Total Cash Common Dividend
- -
- -
146.39%

Quarterly Revenue

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36,416
199,344
256,119
159,619
717,443
2025
175,069
268,540
243,233
206,805
811,426
2026
169,718
278,233
- -
- -
- -

Quarterly Earnings Per Share

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-27.85
79.68
104.54
127.72
325.44
2025
81.93
125.93
101.22
94.44
562.42
2026
63.08
82.43
- -
- -
- -

Quarterly Dividends Per Share

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
121.23
2025
- -
- -
-38.42
93.5
298.69
2026
- -
- -
- -
- -
- -

Company Description

CEO
Gerardo Gómez
Full Time Employees
360
Sector
Industrial services
Industry
Oil & gas pipelines
Address
Buenos Aires Argentina
IPO Date
Mar 4, 1998
Business
Naturgy BAN S.A. is an Argentina-based public utility company primarily engaged in the distribution and commercialization of natural gas by network. Founded in 1992 following the privatization of the state-owned enterprise Gas del Estado and headquartered in San Isidro, Buenos Aires Province, Argentina, the company operates as a key subsidiary of Spain-based multinational energy group Naturgy Energy Group S.A. The company holds an exclusive long-term concession for the public distribution of piped natural gas across 30 municipalities in the northern and western sectors of the Greater Buenos Aires metropolitan area and parts of northern Buenos Aires Province, covering an operational service area of approximately 15,000 square kilometers and serving over 1.6 million active delivery points through an interconnected pipeline network spanning more than 27,000 kilometers. The company's core operations and portfolio of products and services are systematically organized into distinct customer and technical segments: natural gas supply and distribution to residential consumers for space heating, cooking, and water heating; commercial natural gas distribution services for small and medium-sized enterprises, retail establishments, and service businesses; high-volume industrial natural gas distribution for manufacturing plants, petrochemical facilities, food processors, and power generation units; compressed natural gas (CNG/GNC) supply to vehicular refueling station networks; wholesale natural gas transportation and supply arrangements for regional sub-distributors; gas infrastructure construction, network expansion, reinforcement, and maintenance services; pipeline integrity management, pressure regulation, gas odorization, and 24-hour emergency response services; meter installation, remote telemetry monitoring, periodic verification, and calibration services; technical inspection, safety certification, and connection validation for internal residential and commercial installations; and digital utility services, encompassing paperless electronic billing, automated payment clearing, virtual customer service office platforms, and customized energy efficiency advisory services. In recent developments and operational updates, Naturgy BAN S.A. has navigated significant adjustments within the Argentine energy regulatory framework, implementing updated transition tariff structures and participating in comprehensive tariff review processes established by the national gas regulator, Ente Nacional Regulador del Gas (ENARGAS), and the national Secretariat of Energy to reflect inflation, operational cost dynamics, and currency fluctuations. Concurrently, the company has progressed with its multi-year capital investment and infrastructure modernization program, which focuses on the reinforcement of secondary distribution mains, replacement of vintage cast-iron and steel pipelines with high-density polyethylene piping, upgrades to cathodic protection systems, and the deployment of digital supervisory control and data acquisition (SCADA) telemetry across city gate stations. In addition, Naturgy BAN S.A. has expanded its digital transformation and customer experience initiatives through the launch of upgraded mobile applications, artificial intelligence-assisted customer service channels, and self-management meter-reading tools, while advancing environmental sustainability programs aimed at reducing fugitive methane emissions, minimizing carbon footprints in network operations, and assessing technical protocols for potential biomethane injection into its distribution grid.