Iberdrola Raises 2026 Adjusted Profit Growth Forecast After Nine Months

what happened

Spanish energy producer Iberdrola reported that its net profit for the first nine months of 2026 rose to EUR 5.816 billion from EUR 5.307 billion a year earlier. The increase was driven mainly by profit from discontinued operations, which climbed to EUR 1.028 billion from EUR 266 million. Profit from continuing operations fell to EUR 4.927 billion from EUR 5.438 billion, as operating expenses increased.

Revenue reached EUR 34.405 billion, up from EUR 32.400 billion, while adjusted operating profit rose to EUR 7.645 billion from EUR 6.871 billion. EBITDA edged down to EUR 11.890 billion from EUR 11.975 billion. The board proposed an interim shareholder payment of EUR 0.275 per share, 8.7% above last year. The company raised its fiscal 2026 outlook to adjusted net profit growth of at least 10%, up from the previous guidance of more than 8%. The figures were reported by TradingView, citing RTTNews and dpa-AFX.

why it matters

Iberdrola links the upgraded guidance to strong electricity demand and faster grid expansion. The company expects its regulated network asset base to exceed EUR 90 billion by 2030. For investors, this suggests that profit growth at large European utilities rests on grid investment and demand, not only on power prices.

market impact

Power sector in Spain and Europe: higher profit outlook supports Iberdrola shares

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