Iberdrola raises profit guidance while Iberdrola stock holds EUR 21.89

Published on 10/26/2026 at 09:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month adjusted profit rose 9.00 percent to EUR 5.14 billion. Iberdrola stock stands at EUR 21.89 on October 26, 2026, unchanged versus Xetra close.

Guidance and network growth

Iberdrola raised adjusted net profit guidance above 10 percent on October 21, 2026.
Networks EBITDA increased 15 percent to EUR 6.4 billion in the first nine months of 2026.
Iberdrola stock trades at EUR 21.89 at 9:40 a.m. CET at Lang & Schwarz on October 26, 2026, unchanged versus the Xetra close of October 23, 2026.

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Iberdrola (ISIN ES0144580Y14) raised its full-year 2026 adjusted net profit guidance to more than 10 percent growth on October 21, 2026, while its stock stood at EUR 21.89 at Lang & Schwarz on October 26, 2026 at 9:40 a.m. CET, unchanged versus the Xetra close of October 23, 2026 (EUR 21.89). The company also reported nine-month adjusted net profit of EUR 5.14 billion, up 9 percent, according to Iberdrola.

Three results milestones

Iberdrola announced on July 21, 2026, an agreement to acquire an indirect 80 percent stake in Caruna Oy and Caruna Espoo Oy, according to Iberdrola. On October 21, 2026, it set a total interim dividend of EUR 0.275 per share. The same results update raised adjusted profit guidance above 10 percent for 2026.

What drives the guidance?

Networks are the central growth engine. Adjusted EBITDA in the segment increased 15 percent to EUR 6.4 billion in the first nine months of 2026, while the Power and Customers business declined 2 percent to EUR 5.36 billion, according to Investing.com. Total investment reached EUR 10.09 billion, up 13 percent, and the regulated asset base rose 14 percent to EUR 56 billion. The contrast matters: regulated networks are expanding quickly, while procurement costs are pressuring the customer-facing business.

Dates for the next steps

Iberdrola's flexible remuneration program runs from December 15, 2026, to February 3, 2027. Its Capital Markets Day is scheduled for March 1 to March 31, 2027, according to Iberdrola.

Analyst view and stock level

Renta 4 maintained a Hold rating and a EUR 20.10 price target after the results, with the assessment reported on October 21, 2026, by Bolsamania. That target is below the current euro reference price, making the upgraded guidance and the March strategy update important tests for the valuation.

Stock remains unchanged

The Iberdrola quote was unchanged at EUR 21.89 against the Xetra close of October 23, 2026, despite the higher profit outlook. The current reference quote was EUR 21.89 at Lang & Schwarz on October 26, 2026 at 9:40 a.m. CET. The further course of trading is shown by the continuously updated real-time quote of Iberdrola stock.