Iberdrola stock gets 2026 profit outlook boost from power networks

Iberdrola raised its 2026 adjusted-profit outlook on Wednesday, October 21, after reporting stronger results for the first nine months. The Spanish utility now expects adjusted net profit to grow by at least 10% this year, compared with previous guidance for growth above 8%, according to Reuters.

Networks drive the earnings upgrade

Reported net profit for the nine months rose 10 percent to 5.8 billion euros. Adjusted net profit increased 9 percent to 5.1 billion euros, while the company said the adjusted increase would have been 13 percent excluding foreign-exchange effects.

Adjusted EBITDA advanced 7 percent to 11.9 billion euros. The networks business was the main contributor, with EBITDA up 15 percent as Iberdrola expanded its regulated asset base and benefited from a higher contribution from transmission assets.

The performance supports Iberdrola's shift toward regulated infrastructure. The company expects the global regulated asset base to exceed 90 billion euros by 2030, compared with 56 billion euros currently, and plans to add 15 gigawatts of power capacity by the end of the decade. The strategy combines grid investment with a more selective approach to renewable-generation projects.

Investment and shareholder returns

Iberdrola invested 10.1 billion euros in the first nine months, with networks accounting for the largest share. The company's investor-relations page lists 5.81 billion euros of reported net profit, 11.89 billion euros of adjusted EBITDA and 64,881 gigawatt-hours of renewable generation for the period. The figures are available on the Iberdrola investor page.

Iberdrola also proposed an interim shareholder payout of 0.275 euros per share, an increase of 8.7 percent, with a supplementary dividend to be announced in 2027 after the shareholders' meeting. Management is targeting average annual adjusted-profit growth of 10 percent over the next five years.

Stock remains close to Xetra close

The real-time quote of Iberdrola stock traded at 22.19 euros on Lang & Schwarz at 10:01 CET on Monday, November 2, 2026, 0.05 percent below the Xetra close of Friday, October 30. The movement kept the share near its most recent Xetra reference while investors assessed the higher earnings outlook and the capital requirements of Iberdrola's network expansion.

The broader Spanish market context is covered in the IBEX 35 market reports.

Iberdrola will hold a Capital Markets Day in March 2027, giving investors a further opportunity to assess its grid, generation and storage plans. More news and analyses on Iberdrola stock will follow the company's operating and shareholder updates.