Iberdrola Nine-Month Profit Climbs as Grid Business Speeds Up
Spain's Iberdrola lifted net profit nearly 10% to 5.82 billion euros in the first nine months, driven mainly by its networks division, according to Dow Jones Newswires.
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what happened
Spanish energy company Iberdrola reported higher earnings for the first nine months of the year, with its networks division growing faster. Dow Jones Newswires, which published the figures, said the company's net profit rose nearly 10% to 5.82 billion euros, or $6.54 billion.
Adjusted EBITDA climbed 7.5% to 11.89 billion euros. Adjusted earnings in the networks business rose nearly 15%, helped by growth in regulated assets and higher rates in the United States and Brazil.
The power and customers unit was weaker, with adjusted earnings down 1.5%. Investments increased 13% to just over 10 billion euros, with more than 75% directed to the U.K., the U.S. and Brazil.
why it matters
For investors, the mix matters: grid businesses typically generate steadier income than generation and retail sales, so the networks growth and the heavy investment program stand out against weakness in the customer-facing segment.
market impact
Iberdrola shares and European utilities: strong grid earnings support sector valuations.
tags
instruments
sources
- Iberdrola's Earnings Rise as Networks Growth Accelerates — Dow Jones Newswires, 21 October 2026 at 06:52 UTC
- Iberdrola's Earnings Rise as Networks Growth Accelerates — Dow Jones Newswires, 21 October 2026 at 07:07 UTC
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