European energy firms H1 2026 earnings

In late July 2026, French energy group Engie announced a 13.7% rise in first‑half net profit to €3.3 billion and lifted its 2026 recurring net‑profit target to €4.9‑5.5 billion. The outlook upgrade was supported by the recent €19 billion acquisition of UK Power Networks, which is expected to add €600‑800 million of annual EBIT, and by strong performance in Peru, including the start of a 140.8 MW solar plant.

A few days later, Greek infrastructure company Cenergy Holdings reported a 13% increase in H1 revenue to €1.153 billion, with adjusted EBITDA up 26% to €216 million and net profit up 45% to €138 million. The firm raised its 2026 adjusted EBITDA guidance to €390‑€420 million, citing a robust order backlog and a €1.15 billion framework agreement for Greek island electricity interconnections.

Both companies highlighted solid first‑half results and used the momentum to raise their 2026 financial outlooks, underscoring a broader trend of strong earnings and optimistic guidance among European energy‑related firms.