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European utilities earnings 2026

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2026-07-30 01:47 UTC → 2026-07-30 01:48 UTC · added ~~removed~~

In late July 2026, Swiss‑German hydro‑electric group Naturenergie Holding AG disclosed a 35 % drop in first‑half net profit, with adjusted EBIT falling to €62 million and revenue down 18 % to €662 million. The decline was attributed to weaker electricity marketing and reduced water flow in its hydro‑generation zones. Despite the slump, Naturenergie kept its full‑year EBIT target of about €120 million and confirmed continued investment of over €180 million in system‑relevant infrastructure. The day after, Spanish utility Naturgy reported stable half‑year revenue, EBITDA and net profit amid gas‑market volatility, emphasizing the resilience of its regulated network business, cash‑flow generation and a manageable debt profile to support dividends and renewable‑energy expansion. A new development came from Portugal’s Energias de Portugal (EDP), which posted a modest 3 % rise in attributable profit to €732 million, driven by strong renewable‑energy output and the start of a new regulatory period for its Iberian networks. Recurring EBITDA increased 5 % to €2.73 billion, with network EBITDA up 14 % and EDP Renováveis EBITDA up 8‑12 % after currency effects. EDP confirmed a €550 million investment in electricity networks in Portugal and Spain – a 24 % increase year‑on‑year – and pledged to keep retail electricity prices unchanged through year‑end. Net debt stood at €17 billion and the firm paid €848 million in cash dividends in Q2. ~~Together,~~ A follow‑up release on 28 July reinforced the ~~reports illustrate~~ 3 % profit increase, noted a ~~mixed performance landscape for European utilities~~ 5 % drop in ~~2026: some operators face operational~~ flexible‑generation EBITDA, and ~~market pressures~~ highlighted that ~~depress earnings, while others maintain stability or modest growth by leveraging renewable assets, expanding~~ network ~~infrastructure,~~ EBITDA and ~~managing cash flow~~ renewable‑energy EBITDA continued to grow. EDP’s market share in Portugal reached 59.1 % of customers and ~~pricing policies.~~ 38.6 % of consumption, and CEO Miguel Stilwell d’Andrade flagged the network sector as a key growth driver and reaffirmed the company’s expansion plans in the United States.

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