PannErgy keeps 2026 operating target as OTP raises target for PannErgy stock

Published on 10/21/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sales fell 9.00 percent on October 16, 2026. PannErgy stock costs EUR 7.66 during trading on October 21, 2026.

Heat sales and target outlook

PannErgy sold 161,935 gigajoules of heat in the third quarter of 2026.
January through September heat sales reached 1.163 million gigajoules, up 0.30 percent year over year.
PannErgy stock trades at EUR 7.66 at 10:36 a.m. CEST at Lang & Schwarz on October 21, 2026.
The second dividend payment is scheduled for March 8, 2027.

PannErgy, HU0000089867, Illustration mit AI erstellt.

PannErgy (ISIN HU0000089867) sold 161,935 gigajoules of heat in the third quarter of 2026, down 9.00 percent from the year-earlier period. Portfolio reported the weaker volume on October 16, 2026, while the company kept its 2026 EBITDA target range.

Three dated operating signals

On October 1, 2026, PannErgy confirmed a consolidated 2026 EBITDA target of HUF 4.30 billion to HUF 4.45 billion after regulated district-heating tariffs took effect. Portfolio linked the target to the new tariff regime.

On October 8, 2026, Portfolio reported that OTP raised its 12-month target from HUF 3,057 to HUF 3,107. On October 16, 2026, the third-quarter heat-sales figure came in 9.20 percent below PannErgy's plan of 178,313 gigajoules.

What does the volume mean for earnings?

The operating picture is mixed rather than uniformly weak. January through September heat sales reached 1.163 million gigajoules, up 0.30 percent from the same period of 2025, even though Miskolc sales fell 11.90 percent and Gy?r sales declined 7.70 percent in the third quarter. Diplomacy and Trade attributed the quarterly shortfall to warmer weather and greater fossil-fuel use in the Miskolc district-heating system.

When is the next dividend date?

The next substantiated payment date is March 8, 2027, when PannErgy is scheduled to pay HUF 74.60 per share as the second installment of the 2025 fiscal-year dividend, according to OTP.

Stock price stays in view

PannErgy stock was trading at EUR 7.66 at Lang & Schwarz on October 21, 2026 at 10:36 a.m. CEST. The latest figures leave investors weighing resilient nine-month heat sales against a softer third quarter and the unchanged annual EBITDA target. The further course of trading is shown by the continuously updated real-time quote of PannErgy stock.