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REN - Redes Energéticas Nacionais SGPS S.A./€RENE

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About REN - Redes Energéticas Nacionais SGPS S.A.

REN - Redes Energéticas Nacionais, SGPS, S.A. is a Portuguese utility company established in 1994, specializing in the transmission of electricity and natural gas. The company operates the National Electricity Transmission Grid and the National Natural Gas Transportation Grid, overseeing their planning, construction, operation, and maintenance. REN also manages a liquefied natural gas (LNG) regasification terminal in Sines, Portugal, facilitating LNG storage and transportation. Additionally, through its subsidiary Rentelecom, REN provides telecommunications services, including infrastructure management and fiber optic rentals. Headquartered in Lisbon, Portugal, REN's strategic role in managing critical energy infrastructure positions it as a key player in ensuring the country's energy supply stability.
Ticker
€RENE
Sector
Utilities
Primary listing
XLIS
Employees
787
Headquarters
Lisbon, Portugal
Website
www.ren.pt

RENE Metrics

BasicAdvanced
€2.4B
12.74
€0.28
0.25
€0.16
4.44%

Bulls say / Bears say

First-half operating momentum strengthened: EBITDA rose 10.8%, with gains in both domestic and international business, while net debt was €16.7 million lower than a year earlier. (REN)
Grid expansion has a growing demand base: electricity consumption rose 3.5% in the first half and REN increased investment by 23.1%. The new northern interconnector adds about 1,000 MW of exchange capacity and can help integrate more renewable power. (REN, REN)
Credit quality has improved, which may support financing flexibility for this capital-intensive utility: Moody’s raised REN to Baa1 and Fitch upgraded its issuer rating to BBB+, both with stable outlooks. (REN, REN)
The 42.1% rise in first-half net profit may overstate recurring growth: REN attributed €14.6 million of the improvement to removal of the gas-sector levy and €4.1 million to favourable court rulings. (REN)
Heavy investment and rising costs could limit cash generation: first-half capital expenditure rose 23.1%, domestic operating costs increased 6.4%, and net debt stood at €2.38 billion. (REN)
Portugal’s acquisition of a 13.7% stake is intended to give the state greater influence over key investments. That could add political constraints or uncertainty to REN’s investment decisions. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 31 Oct 2026.

RENE Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

RENE Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing RENE

AllUSDEURGBP
Funds
Fund name
Fund size
€RENE weighting
Xtrackers MSCI Europe Small Cap£XXSC
$3.6B0.09%
Xtrackers MSCI Europe Small Cap€DX2J
$3.6B0.09%
iShares Global Infrastructure€INFR
$2.5B0.04%
iShares MSCI World Small Cap£WLDS
$9B0.02%
iShares MSCI World Small Cap$WSML
$9B0.02%
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