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ENN Natural Gas 2026 Interim Report: Revenue and Net Profit Both Decline, Gas Volume Edges Up
ENN Natural Gas released its 2026 interim report on August 28. During the reporting period, the company achieved operating revenue of 63.99 billion yuan, down 3.03 percent year on year. Net profit attributable to the parent company was 2.088 billion yuan, down 13.29 percent. Non-GAAP net profit was 1.742 billion yuan, down 27.86 percent. Total gas sales reached 20.467 billion cubic meters, up 0.7 percent year on year, but throughput at the Zhoushan receiving terminal fell sharply by 50.3 percent to 564,800 tonnes, dragging down the infrastructure segment. The earnings decline was mainly affected by high international LNG spot prices, upstream cost fluctuations, and changes in the fair value of derivatives. Fair value changes posted a loss of 888 million yuan, while finance expenses fell 76.39 percent due to reduced foreign exchange gains, partially offsetting the profit decline. The company said natural gas consumption is expected to stabilize and recover going forward, but attention should be paid to international gas price trends and the efficiency of cost pass-through mechanisms.