Morningstar

Endesa Backs Guidance After Earnings Jumps

Provided by Dow Jones Oct 28, 2026, 8:43:00 AM

By Adam Whittaker

Endesa backed its full-year guidance after earnings for the first nine months rose and investments in grids jumped.

The Spanish utility said net profit for the period rose 15% to 1.96 billion euros, equivalent to $2.18 billion. Ordinary net profit--a company preferred metric--rose 22% to 2.125 billion euros.

Investments in its grids business grew 42% in anticipation of rising electricity demand. The contribution from its regulated business grew to nearly 50% of earnings before interest, taxes, depreciation and amortization. This greater weight improves visibility and predictability of earnings, Endesa said.

Endesa confirmed its forecast of exceeding 2.40 billion euros in ordinary net profit in 2026.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

October 28, 2026 04:43 ET (08:43 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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