EDP - Energias de Portugal, PTEDP0AM0009

EDP stock gets third 2026 profit outlook upgrade after earnings rise

Published on 11/11/2026 at 10:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EDP stock enters focus after a third 2026 profit outlook increase. Stronger renewables and Iberian networks lifted nine-month recurring earnings.

Guidance rises after stronger earnings

EDP lifted its 2026 recurring net profit outlook to EUR 1.4 billion-EUR 1.5 billion, its third increase this year.
Nine-month recurring net income rose 22% to EUR 1.19 billion, supported by renewables and Iberian networks.
Management expects 2026 recurring EBITDA of EUR 5.4 billion, above the previous EUR 5.3 billion forecast.

EDP - Energias de Portugal, PTEDP0AM0009, Illustration mit AI erstellt.

EDP raised its 2026 recurring net profit guidance for the third time this year after reporting stronger nine-month earnings. Reuters reported the update on Friday, November 6, citing the Portuguese utility's announcement and results for the period ended September.

The company now expects recurring net profit of EUR 1.4 billion to EUR 1.5 billion for the full year, compared with the EUR 1.4 billion forecast issued in July. EDP also lifted its recurring earnings before interest, taxes, depreciation and amortization expectation to EUR 5.4 billion from EUR 5.3 billion.

Renewables and networks drive growth

Recurring net income rose 22% year on year to EUR 1.19 billion in the first nine months. Reuters said the increase was supported by stronger earnings at EDP's renewables arm and higher regulatory returns in the Iberian networks business.

EDP Renewables posted recurring net profit of EUR 439 million for the same period, more than double the year-earlier result. Stronger activity in the United States and higher capital gains supported the subsidiary's contribution to the group.

EDP said the latest guidance increase reflected outperforming execution of its business plan across all segments. The higher target gives investors a wider earnings framework for the final quarter, although delivery still depends on operating performance across renewables, networks and other activities.

Higher targets raise execution focus

The third upgrade in 2026 strengthens the earnings case following the September-period results, but it also raises the importance of execution against the new range. Renewables provide growth exposure through capacity and asset rotation, while regulated networks offer a separate earnings driver through investment and allowed returns.

For investors, the updated recurring profit range is the central near-term reference. The next major checkpoint will be EDP's full-year 2026 results, when management can show whether the company reached the new target and provide its next view on 2027.

EDP stock traded at 5.00 euros on Lang & Schwarz at 10:35:08 CET on Wednesday, November 11, 2026.