ESENTIA lifts Q3 adjusted EBITDA, lowers leverage and agrees to buy EOM pipeline owner

what happened

ESENTIA Energy Development posted adjusted EBITDA of US$86.0 million for the third quarter of 2026, up 1.3% from a year earlier, according to a press release distributed by PRNewswire and reported by TradingView. For the first nine months, adjusted EBITDA rose 3.5% to US$262.5 million.

The ratio of net debt to last-twelve-month adjusted EBITDA fell to 3.9x from 4.1x at the end of 2025, reflecting higher EBITDA and lower gross debt. Quarterly net income was US$24.5 million, down 13.1% on a larger tax burden, though nine-month net income climbed 18.9% to US$65.9 million.

The company also agreed to acquire EOM, owner of the Guadalajara–Manzanillo gas pipeline, which would extend its reach toward the Pacific region. The deal depends on regulatory approvals and other closing conditions, and ESENTIA expects to fund it from its own resources with no additional debt, completing it in the first half of 2027.

why it matters

For markets, the story is steady growth from long-term transport contracts and gas marketing margins, combined with a shrinking debt load. Funding the EOM purchase without new borrowing signals that expansion is being pursued with financial discipline. Phase I is due to reach mechanical completion in the first quarter of 2027, and Phase II already has firm contracts covering 56% of its capacity.

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