EnBW Energie Baden-Württemberg AG, DE0005220008

EnBW stock gains 0.29 percent on stable half-year earnings

Published on 10/04/2026 at 13:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EnBW stock gained 0.29 percent to EUR 68.40 on October 2, 2026. First-half adjusted EBITDA was EUR 2.3 billion, while 2026 guidance stayed unchanged.

EnBW Energie Baden-Württemberg AG, DE0005220008, Illustration mit AI erstellt.

EnBW stock (ISIN DE0005220008) gained 0.29 percent to EUR 68.40 on Xetra on October 2, 2026, with the price reaching the session high after opening at EUR 68.40. The move followed first-half results that kept the company's 2026 adjusted EBITDA guidance at EUR 4.6 billion to EUR 5.1 billion.

Half-year EBITDA remains resilient

According to EnBW on September 17, 2026, adjusted EBITDA reached EUR 2.3 billion in the first six months of 2026, compared with EUR 2.4 billion in the same period of 2025. The exact reported figure was EUR 2,268.1 million, a decline of 6.3 percent.

Adjusted Group net profit attributable to EnBW shareholders fell to EUR 594.7 million from EUR 631.9 million, while retained cash flow decreased to EUR 785.8 million from EUR 1,081.0 million. The figures show that stable operating earnings are being accompanied by heavier cash demands from the investment program.

Customer infrastructure improves

The operating mix provides a clearer counterweight to the decline in generation earnings. System Critical Infrastructure produced adjusted EBITDA of EUR 1,298.1 million, up from EUR 1,289.6 million, while Sustainable Generation Infrastructure fell to EUR 805.8 million from EUR 1,081.3 million, according to EnBW on September 17, 2026.

Smart Infrastructure for Customers was the bright spot, with adjusted EBITDA rising 32.7 percent to EUR 309.3 million from EUR 233.0 million. EnBW also reported more than 9,000 fast-charging points in operation across Germany, linking the segment improvement to higher charging-station utilization.

Stock stays below EUR 73.20 high

EnBW's EUR 68.40 reference price stood EUR 4.80 below the Xetra 52-week high of EUR 73.20 on October 2, 2026, while the 52-week low was EUR 63.00. Market capitalization was EUR 22.2 billion and trading volume was 46 shares on that session.

Yahoo Finance lists November 12, 2026, as the next earnings date for EnBW, giving the unchanged full-year guidance a defined checkpoint. The stock's valuation will therefore be tested against both the EUR 4.6 billion to EUR 5.1 billion guidance range and the cash required for grid, renewable-energy and charging investments.

EnBW stock trades at EUR 68.40

EnBW stock last traded at EUR 68.40 on Xetra on October 2, 2026 at 5:35 p.m. CEST, up EUR 0.20 from the prior close of EUR 68.20. The primary listing is EnBW's Xetra quotation in EUR.