EDP posts 3% profit rise to €732 million and pledges stable electricity prices

EDP profit electricity price freeze network investment Portugal

The Portuguese utility EDP reported net shareholder profit of €732 million for the first half of 2023, a 3% increase year‑on‑year. EBITDA rose 5% to €2.73 billion, driven by growth in its network and renewable‑energy businesses, while EBITDA from flexible generation fell 5%.

EDP said it will keep retail electricity prices unchanged for its customers until the end of the year. In the first half, the group invested €550 million in electricity networks in Portugal and Spain, a 24% rise over the previous year, citing a more favourable regulatory framework. The company’s market share in Portugal stood at 59.1% of customers and 38.6% of consumption.

CEO Miguel Stilwell d’Andrade highlighted that the network sector is now a key growth driver and reaffirmed commitment to the United States market, where EDP Renováveis continues to expand.

Entities

EDP Renováveis · Energias de Portugal (EDP) · Miguel Stilwell d'Andrade · Naturgy · Portugal · Spain

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[○ 1 SOURCE] Naturgy's gas trading activities are subject to market price volatility.
[○ 1 SOURCE] The regulated network business provides stable EBITDA contributions for Naturgy.
[○ 1 SOURCE] Naturgy views cash flow and debt as safety nets supporting its dividend expectations.
[○ 1 SOURCE] Investors are focusing on Naturgy's 2026 guidance, debt levels, and renewable project cash‑flow.
[○ 1 SOURCE] Naturgy posted stable revenue, EBITDA and net profit.