EDP stock lifts 2026 profit outlook after 22% earnings rise
Published on 11/10/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEDP raises outlook after strong results
- EDP lifted its recurring net profit guidance for 2026 for the third time this year.
- Renewables and Iberian networks were the main drivers of the stronger nine-month performance.
- EDP Renewables more than doubled recurring net profit to 439 million euros.
EDP - Energias de Portugal raised its recurring net profit guidance for 2026 for the third time this year after stronger earnings in the first nine months. Reuters reported the upgrade on Friday, November 6, citing the Portuguese utility's announcement and results released the previous day.
EDP now expects recurring net profit of 1.4 billion to 1.5 billion euros for the full year, compared with the 1.4 billion euro forecast issued in July. The company also raised its recurring EBITDA expectation to 5.4 billion euros from 5.3 billion euros. EDP said the latest increase reflected outperforming execution of its business plan across all segments.
Renewables and networks support growth
Recurring net income rose 22 percent year on year to 1.19 billion euros in the nine months ended September. Reuters attributed the improvement to strong earnings at the renewables arm and higher regulatory returns in EDP's Iberian networks business.
EDP Renewables posted recurring net profit of 439 million euros for the period, more than double the year-earlier result. Stronger activity in the United States and higher capital gains supported the subsidiary's contribution, adding weight to the group's renewable generation platform.
The outlook upgrade gives investors a clearer earnings range for the final quarter, but the result remains tied to execution across several businesses. The guidance increase also signals that management sees enough visibility to lift its full-year target again after the July revision.
EDP stock trades in Lisbon session
EDP stock traded at 5.06 euros on Lang & Schwarz at 10:01 CET on Tuesday, November 10, 2026.
EDP - Energias de Portugal
- Company: EDP - Energias de Portugal, S.A.
- ISIN: PTEDP0AM0009
- Listing: Euronext Lisbon
- Lang & Schwarz price: 5.06 euros on Tuesday, November 10, 2026, at 10:01 CET
Reuters said the higher guidance was supported by the renewables business and improved returns in Iberian networks, while the full-year forecast remains the key near-term earnings reference for investors. The next major checkpoint is EDP's full-year 2026 result and management's assessment of execution against the upgraded range.
Portugal's broader equity market is represented by the PSI 20.
More news and analyses on EDP stock.
Source: Reuters
