Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) Releases Earnings Results, Misses Expectations By $0.25 EPS

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB) posted its quarterly earnings data on Tuesday. The transportation company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.25), Zacks reports. The company had revenue of $239.14 million for the quarter, compared to analyst estimates of $241.63 million. Grupo Aeroportuario del Centro Norte had a net margin of 33.36% and a return on equity of 53.08%.

Here are the key takeaways from Grupo Aeroportuario del Centro Norte’s conference call:

• Approval of the 2026–2030 Master Development Program committing MXN 16 billion (Dec‑2024 pesos) focused on capacity, quality, technology and sustainability, providing long‑term regulatory visibility and improving capital efficiency per passenger.
• Strong 2025 operating performance with 28.8 million passengers (+8.5% YoY), seat capacity up ~11%, and full‑year adjusted EBITDA of MXN 10.2 billion with a 74.5% margin.
• Commercial and diversification businesses strengthened results—restaurants +22%, VIP lounges +30%, parking +13%, industrial park +44% and OMA Carga +9%—with Q4 commercial revenue per passenger at MXN 62.
• Major maintenance provisioning increased materially (4Q provision MXN 216 million vs MXN 39M prior); management will provision the present value of MDP maintenance (≈17% of MDP) and expects ~MXN 400 million of non‑cash provision in 2026, which raises reported non‑cash P&L charges and timing risk.
• Balance sheet remains supportive of the plan with cash of MXN 3.1 billion, total debt of MXN 13.6 billion and net‑debt/adjusted‑EBITDA around 1.0x, leaving financial flexibility for MDP execution and upcoming refinancings.

Grupo Aeroportuario del Centro Norte Stock Performance

OMAB stock traded down $0.67 during trading on Wednesday, hitting $126.32. 135,051 shares of the company traded hands, compared to its average volume of 83,866. Grupo Aeroportuario del Centro Norte has a 1 year low of $70.24 and a 1 year high of $134.99. The company has a market cap of $5.37 billion, a PE ratio of 22.36, a P/E/G ratio of 2.01 and a beta of 0.74. The stock’s 50-day simple moving average is $116.71 and its 200 day simple moving average is $108.81. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 1.14.

Hedge Funds Weigh In On Grupo Aeroportuario del Centro Norte

Several large investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Grupo Aeroportuario del Centro Norte during the first quarter valued at $591,000. Quantbot Technologies LP acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter worth about $56,000. EverSource Wealth Advisors LLC boosted its stake in shares of Grupo Aeroportuario del Centro Norte by 288.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 365 shares of the transportation company’s stock worth $39,000 after acquiring an additional 271 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Grupo Aeroportuario del Centro Norte during the 2nd quarter valued at about $208,000. Finally, Amundi grew its position in shares of Grupo Aeroportuario del Centro Norte by 34.6% during the 2nd quarter. Amundi now owns 1,870 shares of the transportation company’s stock valued at $203,000 after acquiring an additional 481 shares during the period. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OMAB. Wall Street Zen upgraded Grupo Aeroportuario del Centro Norte from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 15th. Zacks Research raised Grupo Aeroportuario del Centro Norte from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Centro Norte in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $106.00.

About Grupo Aeroportuario del Centro Norte

Grupo Aeroportuario del Centro Norte, SAB. de C.V. (OMAB) is a Mexican airport operator that develops, manages and operates airports under long‐term concessions granted by the Federal Government of Mexico. The company’s core business covers all aspects of airport operations, including passenger processing, airfield services, security, ground handling, cargo handling and commercial activities such as retail, food and beverage, and parking.

OMA currently holds concession contracts for 13 airports in central and northern Mexico, serving key markets such as Monterrey, Ciudad Juárez, Culiacán, Hermosillo and Torreón.