Gas Plus soars on the back of rising profits and soaring gas prices

 (Il Sole 24 Ore Radiocor) - Gas Plus is surging on the Milan Stock Exchange, bucking the trend compared to FTSE MIB . The share price is being buoyed by first-half results, released on Monday 14 September after markets closed, showing strong growth in profits and profitability, and the new surge in gas prices: the Amsterdam TTF is trading at its highest levels since the end of 2022. In the first six months of 2026, the group recorded revenue of €88.9 million, up 9 per cent year-on-year. EBITDA rose to 50.1 million from 32.8 million in the first half of 2025, whilst EBIT rose from 18.6 to 27.5 million. Net profit reached 15.9 million (+55.9 per cent).

The analysis of Banca Akros is positive. Analysts, who have confirmed their ‘Buy’ rating and a target price of €8, emphasise that ‘the results for the first half of 2026 showed significant growth in EBITDA and margins and are in line with our estimates for 2026’. In detail, Italian gas production rose by 94 per cent to 103.5 million cubic metres, driven primarily by the Longanesi field. Akros also highlights the improvement in the financial structure, with a net cash position of 10.6 million at the end of June, and notes that “higher gas prices and existing hedges should support stronger realised prices compared with the first half of 2026”.

According to the report, Longanesi’s production is also expected to grow by 10–20 per cent compared with the 110 million cubic metres forecast for 2025. In short, analysts note that ‘the results showed a strong improvement in EBITDA, net profit and net debt, and are in line with our 2026 estimates’, confirming the rating and target price. For its part, the group forecasts “further growth in results compared with the 2025 financial year” for the full year, also benefiting from rising gas prices.