Equity Brief · Utilities2026-09-21
TGN.RO·Utilities

S.N.T.G.N. Transgaz S.A.

I · AI Analysis

The brief

Transgaz operates Romania's national natural gas transmission system, moving gas across the country and dispatching it to distribution networks [Yahoo Finance]. The company also provides pipeline maintenance, gas quality monitoring, international transmission services, and research in gas infrastructure [Yahoo Finance]. It was founded in 2000 and employs 4,087 people [Yahoo Finance].

S.N.T.G.N. Transgaz is Romania's state-controlled natural gas transmission operator, managing the country's pipeline network and gas dispatching [Yahoo Finance]. The company reported trailing-twelve-month revenue of RON 3.9B through 30 June 2026, though its latest quarterly revenue fell 27.1% year-over-year [Yahoo Finance]. Recent news highlights infrastructure expansion in Botoșani County and the company's interest in a $2 billion U.S.-backed LNG terminal project in Albania [Economedia].

Transgaz holds a RON 14.4B market cap with solid margins but faces negative free cash flow and a sharp revenue decline in the latest quarter [Yahoo Finance].

The brief AI analysisConfidence 6/10

Sentinellis health

Moderate concerns

5.3/10

7.5+ strong · 4.5–7.5 moderate · under 4.5 weak

Profitability

18% of score10.0/10
Net margin+16.4%Gross margin+54.5%

Returns on capital

18% of score3.3/10
ROIC+6.4%· need > 10%Return on equity+13.9%

Growth & momentum

12% of score0.0/10
Revenue growth-27.1%· need ≥ 2.1%, the lower third of utilities in our libraryOperating margin trend—· no data

Balance sheet

24% of score10.0/10
Current ratio1.3x· not applicable to this kind of companyNet debt / EBITDA2.7xInterest coverage6.0xDebt / equity0.87

Cash generation

18% of score3.3/10
Free cash flowRON -716.6M· need positiveCash vs reported profitRON 1.1B vs RON 639.2M

Value creation

12% of score0.0/10
ROIC vs cost of capital-2.2pp· need ROIC above WACC

Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.

Market capitalisation

RON 14.4B

Revenue (TTM)

RON 3.9B

Explainers

How we read these numbers

Plain-English guides · no account needed

II · Recent news

What moved

4 stories · ranked by relevance

  • Company2026-09-20

    Transgaz stock holds steady as investors watch gas pipeline earnings - AD HOC NEWS

    AD HOC NEWS

  • Company2026-09-18

    Americanii investesc până la 2 miliarde dolari într-un terminal GNL din Albania. Transgaz are interes direct în proiect - Economedia

    Economedia

  • Company2026-09-17

    (AUDIO) Transgaz scoate la licitație lucrările pentru extinderea rețelei de gaze din județul Botoșani - radioiasi.ro

    radioiasi.ro

  • Company2026-09-15

    Acționarii Transgaz, convocați pentru participarea la majorarea capitalului social al Petrostar - Financial Intelligence

    Financial Intelligence

Premium · Free with any account

Revenue fell sharply in the latest quarter, down 27.1% year-over-year, signaling either lower transmission volumes or pricing pressure [Yahoo Finance].

1 of 6 risks in this report

Risks

6

Opportunities

4

Red flags

1

Leadership

10

10 more findings in the full report — free with any account.

Unlock the full S.N.T.G.N. Transgaz S.A. analysis

Create a free account to access the complete AI-generated report with inline citations.

  • 6 risks, 4 opportunities and 1 red flag — each with its source
  • 100+ financial metrics with charts and benchmarks
  • Full news summaries with source links
  • Executive team and compensation details
Unlock all 11 findings3 free reports · No credit card

III · Related

You might also read

Same sector · Utilities — or comparable health

Want this for your watchlist?

Read three companies free. No card.

Get 3 free reports

Produced 21 Sept 2026, 14:38 UTC

Figures come from company filings and market data. The Sentinellis health score and the wording attached to it are our interpretation of those figures, not numbers the company reported.

Not investment advice and not a recommendation to buy or sell. Sentinellis holds no positions in the companies it covers, takes no payment from issuers, and has no broker referral arrangements.

How every figure and score is calculated