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Naturgy's results up to September show recovery , although they fall short of the pre - pandemic levels of 2019 • Naturgy reported EBITDA of 2.56 billion euros up to September , in line with last year , 17 % below 2019 , and not yet back to pre - pandemic levels . Ordinary EBITDA was 2.99 billion . Net profit up to September amounted to 777 million euros , including 187 million euros of net capital gains from the divestment of the electricity businesses in Chile and UFG in Egypt . • Up to September , the company experienced a recovery in demand , as well as a slight expansion in its gas margins in international markets , which was temporary due to the volatility of these markets . These effects have been offset by further downward pressure on electricity supply margins due to higher electricity pool prices in Spain . • The company's balance sheet has been strengthened , with net debt in September of € 11.4 billion , 16 % lower than at the close of 2020. Investments amounted to 900 million euros , mainly focused on the renewable generation and energy distribution network infrastructure businesses . • The high volatility of international markets and the uncertainty associated with possible regulatory changes make it impossible to extrapolate the third quarter results to the rest of the year . In any case , the company expects to close the year with ordinary EBITDA of between 3.8 and 3.9 billion euros . • Naturgy announced today that it will offer all of its available infra - marginal electricity generation capacity to its residential , commercial and industrial customers at an energy price of € 65 / MWh for three years . With this initiative , Naturgy continues to demonstrate commitment and seeks to help avoid the consequences of high pool prices . • Regarding the security of gas supply in Algeria , Naturgy confirms that the capacity expansion of the Medgaz pipeline ( co - managed by Sonatrach and Naturgy ) will be operational by the end of this year , which will enable it to continue to provide its customers with competitive gas . The end of the GME ( Maghreb - Europe gas pipeline ) concession will therefore not affect security of supply . • The company will pay its second interim dividend of 0.40 euros / share on 15 November , as scheduled in its 21-25 Strategic Plan . A total dividend of 1.20 euros / share was set for the full year 2021 . • Naturgy is making progress in fulfilling its roadmap set out in its 21-25 Plan , which provides for investments of 14 billion to promote its role in the energy transition and decarbonisation . In a context of profound transformation of the sector , the Plan approved unanimously by the Board of Directors in July envisages reaching an EBITDA of 4.8 billion by 2025. The Plan was positively assessed by the rating agency S & P , which upgraded its outlook to stable .