Naturgy’s profit rises on LNG gains, soothing shareholders

 https://www.globalbankingandfinance.com/naturgys-profit-rises-on-lng-gains-soothing-shareholders/


MADRID (Reuters) – Spanish power utility Naturgy reported on Monday an 88% jump in profit for the first six months of the year, boosted by strong earnings at its liquefied natural gas (LNG) business, which could help it to win over restive investors.

Earlier this month, the company said it would increase its dividend floor through 2025 while trimming expected investment, as it sought to make rewarding shareholders a priority.

Pleasing them has become a focus as Naturgy considers changes that could reshape the company and after arguments over the potential appointment of a chief executive.

Naturgy’s first-half net profit jumped to 1.05 billion euros ($1.16 billion), boosted by its liquefied natural gas (LNG) business.

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