What EP Infrastructure does

EP Infrastructure, a.s. (EPIF) is a Prague-headquartered regulated energy infrastructure utility and a member of the EPH (Energetický a průmyslový holding) Group. It operates across four core business segments: Gas Transmission (Eustream), Gas and Power Distribution (SPP – distribúcia and Stredoslovenská distribučná), Gas Storage (NAFTA, Pozagas, SPP Storage, and NAFTA Speicher), and Heat Infrastructure (Plzeňská teplárenská, EOP Distribuce, and Severočeská teplárenská). Its assets span Slovakia, the Czech Republic, Austria, and Germany, serving over 1.5 million gas distribution customers in Slovakia, approximately 800,000 electricity off-take points in central Slovakia, more than 680,000 supply points through Stredoslovenská energetika, and over 150,000 district heating customers in the Czech Republic.

EPIF's technical footprint includes more than 35,000 km of gas distribution pipelines and over 32,500 km of electricity distribution networks, alongside underground gas storage facilities with combined working gas capacity of nearly 62 TWh across Slovakia, the Czech Republic, and Bavaria. Cogeneration heating plants provide combined installed heat capacity of 470 MWth and electrical capacity of 274 MWe, including waste-to-energy assets in the Pilsen region. The company is transitioning toward decarbonization through hydrogen-ready infrastructure: Eustream holds IPCEI status for hydrogen transmission, SPP – distribúcia is certified for hydrogen blends up to 10% in local networks and 5% in high-pressure pipelines, and Project Henri holds IPCEI status for hydrogen storage.

EPIF's revenue model is anchored in regulated and long-term contracted cash flows. Transmission, distribution, and storage tariffs are set under national regulatory frameworks, providing predictable returns largely independent of commodity price volatility, with pricing for distribution customers determined by national authorities rather than commercial negotiation. The company funds itself primarily through capital markets, having issued multiple bonds under its EMTN Programme including EUR 1.1 billion of green notes across 2025 and January 2026. In 2025, Group Adjusted EBITDA was EUR 1,018 million (down 25% year-on-year due to the cessation of Russian gas transit via Ukraine and weaker gas storage spreads), while Adjusted Free Cash Flow of EUR 667 million supported EUR 320 million in dividends. Segment EBITDA split was Gas and Power Distribution 56%, Gas Storage 19%, Gas Transmission 17%, and Heat Infra 9%.

Name

EP Infrastructure

Legal name

EP Infrastructure, a.s.

Website

https://epinfrastructure.cz

Company type

Private

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

EP Infrastructure (EPIF) is a Prague-headquartered regulated European energy infrastructure utility operating gas transmission, gas and electricity distribution, gas storage (~62 TWh), and district heating across Slovakia, Czech Republic, Austria, and Germany, serving over 2.3 million customers and part of the EPH Group.

Ownership category

akta.pro rank

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Distribution channels3 records

Marketing channels4 records

Core offering

EP Infrastructure is a Czech-headquartered energy infrastructure utility operating natural gas transmission (via Eustream), gas distribution (via SPP – distribúcia serving approximately 98% of Slovak gas volumes through 35,000+ km of pipelines), underground gas storage (via NAFTA, Pozagas, SPP Storage, and NAFTA Speicher with combined working capacity of approximately 62 TWh), electricity distribution (via Stredoslovenská distribučná operating 32,500+ km in central Slovakia), and district heating (via Plzeňská teplárenská, EOP Distribuce, and Severočeská teplárenská) across Slovakia, the Czech Republic, Austria, and Germany.

Product overview

EP Infrastructure is a leading European energy infrastructure company organized into four core business segments: Gas Transmission (via Eustream), Gas and Power Distribution (via SPP – distribúcia and Stredoslovenská distribučná), Gas Storage (via NAFTA, Pozagas, SPP Storage, and NAFTA Speicher with combined capacity of approximately 62 TWh), and Heat Infrastructure (via Plzeňská teplárenská, EOP Distribuce, and Severočeská teplárenská). The company also includes EP Energy Trading as a subsidiary supplying electricity and gas to over 680,000 off-take points. EPIF's energy distribution and transmission networks span Slovakia, the Czech Republic, Austria, and Germany. The company is transitioning toward decarbonization through coal phase-out by 2030, hydrogen-ready infrastructure development, biomethane integration, and renewable energy expansion, with a commitment to carbon neutrality by 2040 and net-zero operations by 2050.

Differentiator

Problem solved

Functional benefit

Brands

• EP Energy Trading (epet): Electricity and natural gas supplier in Czech Republic and Slovakia, described as the largest alternative supplier of energies on the Czech market
• PLTEP (Plzeňská teplárenská)
• EOP Distribuce
• Severočeská teplárenská (ST)
• Dobrá Energie
• NAFTA
• NAFTA Speicher
• Pozagas
• SPP Storage

Products and services

• Natural Gas Transmission Long-distance natural gas transmission services operated by Eustream through the largest pipeline in Europe, providing significant gas infrastructure for Western, Central, and Southern Europe. Eustream manages the Slovak gas transmission system and is preparing infrastructure for hydrogen integration. Transported 4.9 bcm of gas volumes in 2025.
• Natural Gas Distribution Distribution of natural gas through SPP – distribúcia (SPPD), operating the gas distribution network in Slovakia covering approximately 98% of gas distribution volumes through over 35,000 km of pipelines, serving more than 1.5 million customers across all regions of Slovakia with access for over 94% of the population. Distributed 49.1 TWh of gas volumes in 2025, representing a 4% year-on-year increase.
• Electricity Distribution Distribution of electricity through Stredoslovenská distribučná (SSD), operating the electricity distribution network in central Slovakia spanning 32,500 km, delivering to nearly 800,000 off-take points including households, industrial enterprises, and commercial customers. Distributed 6.4 TWh of electricity in 2025, a 4% year-on-year increase.
• Underground Gas Storage Underground natural gas storage services operated through four entities with combined working gas capacity of nearly 62 TWh: NAFTA (the largest gas storage operator in the integrated market of Slovakia, Czech Republic, and Austria, with 27.7 TWh capacity in Slovakia), Pozagas (6.9 TWh near Malacky, Slovakia), SPP Storage (6.9 TWh in Dolní Bojanovice, Czech Republic), and NAFTA Speicher (20 TWh across Breitbrunn/Eggstätt, Inzenham-West, and Wolfersberg facilities in Bavaria, Germany). Storage is developed in depleted oil and gas reservoirs. Includes the Project Henri initiative for hydrogen storage in porous geological structures under IPCEI status.
• District Heating Services Supply of district heating to over 150,000 end customers across the Czech Republic through three operators: Plzeňská teplárenská (PLTEP), the largest heat and electricity producer in the Pilsen region, operating three cogeneration heating plants including waste-to-energy facilities with installed heat capacity of 470 MWth and electrical capacity of 274 MWe, serving approximately 55,000 households through a 280 km network; EOP Distribuce, supplying heat to more than 63,000 households in the Hradec Králové – Pardubice – Chrudim area through a 320 km network; and Severočeská teplárenská (ST), delivering heat to more than 34,000 households in Most and Litvínov in North Bohemia through a 150 km network.
• Energy Supply (EP Energy Trading) Electricity and natural gas supply to residential, industrial, commercial customers, and state institutions through EP Energy Trading (epet), recognized as the largest alternative energy supplier in the Czech market. Also includes the Dobrá Energie subsidiary supplying energy to customer segments in the Czech Republic, and energy supply through Stredoslovenská energetika (SSE), which provides electricity and gas to more than 680,000 off-take points with solutions for energy efficiency, demand optimization, and energy management.

Quantifiable outcome

• Strong cash generation enabling EUR 320 million in dividends while maintaining solid liquidity
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• EPH (Energetický a průmyslový holding)coreOthersEP Infrastructure is a member of the EPH (Energetický a průmyslový holding) Group, a major European energy infrastructure and generation group. EPH serves as the parent company providing strategic direction and ownership.

Scale indicators16 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• CEZ Group: Largest Czech integrated energy utility with significant generation, distribution and heat operations. Directly comparable as a Central European regulated utility with overlapping Slovak/Czech footprint and similar transition challenges from coal and gas.
• Slovenské elektrárne: Slovak state-controlled power generator and operator of significant electricity generation and heat supply assets. Closest domestic Slovak peer with overlapping regulatory environment and customer base.
• Fluxys Belgium: Belgian gas transmission, storage and LNG terminal operator. Directly comparable as a pure-play regulated gas infrastructure operator with European storage/transmission footprint and similar business model.
• SNAM S.p.A. Italian gas transmission, storage and regasification operator. Highly comparable business mix with regulated gas infrastructure, ongoing hydrogen conversion roadmap and similar European energy transition dynamics.

Broad incumbents

• RWE AG: Major German integrated energy utility with regulated transmission/distribution networks, gas storage and a large renewable portfolio. Comparable as a large European regulated utility with similar gas-to-renewables transition exposure.
• Uniper SE: German energy company with major gas storage, trading and generation operations, now state-owned following the 2022 Russian gas crisis. Highly comparable business mix and direct exposure to the same Russian-gas displacement dynamics affecting EPIF.
• EnBW Energie Baden-Württemberg: German integrated utility with regulated networks, generation and district heating. Comparable as a regulated multi-utility operator pursuing coal phase-out and renewable expansion in a similar Central European regulatory context.

Emerging players

• MOL Group: Hungarian oil and gas group expanding into gas storage and renewable infrastructure. Comparable as a Central European peer with growing gas storage operations and similar transition from fossil-fuel focus.
• Terna S.p.A. Italian electricity transmission system operator. Comparable as a regulated European grid infrastructure operator with similar monopoly franchise model and exposure to renewable integration capex.

Regional players

• Verbund AG: Austrian integrated hydropower and transmission utility. Comparable as a Central European regulated utility with hydroelectric generation and cross-border electricity infrastructure exposure.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ep-infrastructure

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EP Infrastructure