Norsk Hydro stock heads toward October 23 results with NOK 8.9 billion EBITDA

Published on 10/05/2026 at 17:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Norsk Hydro stock was last at NOK 81.10 on October 5, 2026, up 1.25 percent. Q2 revenue reached NOK 56.49 billion, while adjusted EBITDA was NOK 8.9 billion.

Norsk Hydro, NO0005052605, Illustration mit AI erstellt.

Norsk Hydro stock (ISIN NO0005052605) was last at NOK 81.10 on Oslo Bors on October 5, 2026, up 1.25 percent from the prior close. The company is heading toward its third-quarter report on October 23, 2026, after reporting NOK 56.49 billion in second-quarter revenue and adjusted EBITDA of NOK 8.9 billion.

October 23 sets the next test

According to MarketScreener on September 23, 2026, Hydro will release its third-quarter results at 7:00 a.m. CEST on October 23, 2026. Management will host an English-language webinar at 8:30 a.m. CEST that day, adding a scheduled checkpoint for the stock after a volatile period for aluminum markets.

The second-quarter figures provide the baseline. Hydro's Q2 earnings-call transcript shows adjusted EBITDA of NOK 8.9 billion, free cash flow of NOK 4 billion and adjusted return on capital employed of 10.9 percent for the quarter, according to Yahoo Finance.

Revenue and earnings set the baseline

Revenue rose to NOK 56.49 billion in Q2 2026, while adjusted earnings per share reached NOK 2.21, compared with NOK 1.68 in Q2 2025, according to Yahoo Finance. That comparison puts the October report in a clear framework: the market will weigh operational earnings against energy, alumina and currency effects rather than revenue alone.

The latest analyst context is more cautious. MarketScreener reported on September 16, 2026, that RBC cut Norsk Hydro to Sector Perform from Outperform and reduced its price target from NOK 120 to NOK 100. The same overview lists a Hold consensus from 17 analysts and an average target of NOK 93.18, which is 14.9 percent above the October 5 price.

Stock remains below yearly high

Norsk Hydro's October 5 range was NOK 66.54 to NOK 120.40 over 52 weeks, with volume of 2,439,769 shares and market capitalization of NOK 159.4 billion. The current price is 32.6 percent below the 52-week high, leaving the upcoming results as the next quantified test of whether Q2 earnings strength can offset the market's concerns about operating costs and commodity exposure.