Engie reports strong growth driven by energy networks

French energy group Engie has reported solid operational development for the first nine months of 2026, leading the company to raise its full-year guidance to the upper end of its previous forecast. Revenue for the period rose 2.9 percent to 54.3 billion euros.

Growth was primarily driven by the infrastructure segment, which saw an organic EBIT increase of 4.3 percent. A significant contributor was the integration of UK Power Networks, which contributed 452 million euros to EBIT over five months. Excluding nuclear activities, EBIT rose 9.7 percent to 7.0 billion euros.

Despite these gains, certain sectors faced challenges. Gas generation EBIT fell organically by 20.4 percent due to lower European spreads and an unplanned gas pipeline failure in Peru. Additionally, B2B EBIT saw an organic decline of 29.8 percent. Analysts have noted concerns regarding increased net debt and political uncertainty in the French market.