Naturgy Chile Gas Natural (XSGO:NTGCLGAS) Operating Income: CLP274,809 Mil (TTM As of Jun. 2026)

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XSGO:NTGCLGAS Naturgy Chile Gas Natural SA XSGO:NTGCLGAS
54 GF Score
Price CLP637.31
GF Value CLP404.65
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Naturgy Chile Gas Natural Operating Income?

Naturgy Chile Gas Natural XSGO:NTGCLGAS 54 Operating Income is CLP274,809 Mil as of Jun. 2026. GuruFocus rates XSGO:NTGCLGAS with a GF Score™ of 54/100 and a GF Value™ of CLP404.65 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Naturgy Chile Gas Natural's Operating Income for the three months ended in Jun. 2026 was CLP93,399 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was CLP274,809 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Naturgy Chile Gas Natural's Operating Income for the three months ended in Jun. 2026 was CLP93,399 Mil. Naturgy Chile Gas Natural's Revenue for the three months ended in Jun. 2026 was CLP247,317 Mil. Therefore, Naturgy Chile Gas Natural's Operating Margin % for the quarter that ended in Jun. 2026 was 37.76%.

Good Sign:

Naturgy Chile Gas Natural SA operating margin is expanding. Margin expansion is usually a good sign.

Naturgy Chile Gas Natural's 5-Year average Growth Rate for Operating Margin % was 12.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Naturgy Chile Gas Natural's annualized ROC % for the quarter that ended in Jun. 2026 was 11.17%. Naturgy Chile Gas Natural's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 29.20%.


Naturgy Chile Gas Natural  (XSGO:NTGCLGAS) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Naturgy Chile Gas Natural's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=373594.136 * ( 1 - 21.68% )/( (2659411.409 + 2578492.51)/ 2 )
=292598.9273152/2618951.9595
=11.17 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2742878.633 - 86314.422 - ( 199327.434 - max(0, 348095.613 - 345248.415+199327.434))
=2659411.409

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2846483.276 - 92858.128 - ( 241932.482 - max(0, 251033.645 - 426166.283+241932.482))
=2578492.51

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Naturgy Chile Gas Natural's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=450340.864/( ( (1517164.27 + max(15123.131, 0)) + (1511627.373 + max(40904.623, 0)) )/ 2 )
=450340.864/( ( 1532287.401 + 1552531.996 )/ 2 )
=450340.864/1542409.6985
=29.20 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(93994.932 + 10208.651 + 29587.661) - (86314.422 + 0 + 32353.691)
=15123.131

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(146263.203 + 7799.585 + 20830.459) - (92858.128 + 0 + 41130.496)
=40904.623

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Naturgy Chile Gas Natural's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=93398.534/247316.766
=37.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Naturgy Chile Gas Natural Operating Income Related Terms


Naturgy Chile Gas Natural Operating Income Historical Data

* Premium members only.

The historical data trend for Naturgy Chile Gas Natural's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Naturgy Chile Gas Natural Operating Income Chart

Naturgy Chile Gas Natural Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 119,736.00 91,311.41 233,535.86 431,218.53 280,172.95

Naturgy Chile Gas Natural Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 80,885.08 109,165.38 38,637.58 33,607.50 93,398.53
XSGO:NTGCLGAS
54GF Score
Naturgy Chile Gas Natural SA XSGO:NTGCLGAS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Naturgy Chile Gas Natural Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CLP274,809 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of CLP274,809 Mil mean?
Naturgy Chile Gas Natural (XSGO:NTGCLGAS) has a Operating Income of CLP274,809 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Naturgy Chile Gas Natural and its competitors.
Is Naturgy Chile Gas Natural's Operating Income too high?
Naturgy Chile Gas Natural's current Operating Income is CLP274,809 Mil. Overall, Naturgy Chile Gas Natural has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naturgy Chile Gas Natural's Operating Income compare to SRE?
Naturgy Chile Gas Natural's Operating Income of CLP274,809 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Utilities - Regulated company?
A good Operating Income depends on the Utilities - Regulated industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Naturgy Chile Gas Natural and its competitors. Naturgy Chile Gas Natural's current Operating Income is CLP274,809 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naturgy Chile Gas Natural stock overvalued right now?
Based on GuruFocus' analysis, Naturgy Chile Gas Natural (XSGO:NTGCLGAS) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP404.65, compared to a current price of CLP637.31 — trading 57.5% above its estimated fair value. The current Operating Income is CLP274,809 Mil. Naturgy Chile Gas Natural's overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Naturgy Chile Gas Natural (XSGO:NTGCLGAS), the current Operating Income is CLP274,809 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Naturgy Chile Gas Natural (XSGO:NTGCLGAS) Overvalued in 2026?

Based on GuruFocus' analysis, Naturgy Chile Gas Natural stock appears to be overvalued. The current stock price of CLP637.31 is trading 57.5% above its estimated GF Value™ of CLP404.65. GuruFocus considers Naturgy Chile Gas Natural to be Significantly Overvalued.

Key valuation signals for XSGO:NTGCLGAS:

  • Operating Income: CLP274,809 Mil
  • GF Value™: CLP404.65 vs. price of CLP637.31 (57.5% above fair value)
  • GF Score™: 54/100 with 6 warning signs

No single metric tells the full story. See the XSGO:NTGCLGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Naturgy Chile Gas Natural Business Description

Address Av. Presidente Riesco 5561, 17th Floor, Las Condes, Santiago, CHL, 8340434
Naturgy Chile Gas Natural SA engages in the generation, distribution, and maintenance of electricity. The company also sells liquefied gas and natural gas in Chile, Colombia, and Argentina.
54GF Score

Get the complete analysis for XSGO:NTGCLGAS

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CLP637.31
Price
CLP404.65
GF Value