Endesa Confirms Guidance as Nine-Month Profit Rises
Spanish utility Endesa kept its 2026 forecast as nine-month net profit rose 15% and grid investment climbed 42%, according to Dow Jones Newswires.
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what happened
Spanish utility Endesa confirmed its full-year 2026 forecast after reporting higher profit for the first nine months of the year. According to Dow Jones Newswires, net profit rose 15% to 1.96 billion euros, or $2.18 billion. Ordinary net profit, the measure the company prefers, climbed 22% to 2.125 billion euros.
Investment in the grids business grew 42%, as the company expects electricity demand to keep rising. The regulated business now accounts for nearly half of EBITDA. Endesa said this larger share makes its earnings more predictable and easier to forecast. The company reaffirmed that ordinary net profit in 2026 will exceed 2.40 billion euros.
why it matters
For investors, the key point is that a growing share of earnings now comes from the regulated part of the business, which typically offers steadier cash flows. That may reduce the stock's sensitivity to swings in wholesale power prices, but these figures cover one company and do not signal a sector-wide trend.
market impact
Endesa shares: higher profit and a confirmed forecast support interest in the company's stock
- Endesa shares pressure up — higher profit and a confirmed forecast support interest in the stock
tags
instruments
sources
- Endesa Backs Guidance After Earnings Jumps — Dow Jones Newswires, 28 October 2026 at 08:28 UTC
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