EDP Renewables stock enters results week after 23% EBITDA rise

Published on 11/11/2026 at 03:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EDP Renewables stock enters the results week after stronger nine-month earnings and generation. Management kept its 2026 capacity target.

EDPR raises earnings visibility

Recurring EBITDA rose 23% in the first nine months of 2026, supported by North American capacity growth and asset-rotation gains.
Generation increased 2% to 30.9 TWh, while installed capacity reached 20.5 GW.
Management retained a 2026 capacity-addition target of 1.5 GW and set EBITDA guidance at EUR 2.2 billion to EUR 2.3 billion.

EDP Renovaveis, ES0127797019, Illustration mit AI erstellt.

EDP Renovables delivered a stronger first nine months of 2026, with earnings benefiting from portfolio growth, North American operations and asset-rotation transactions. Quartr summarized the company's November 6 results update, including recurring EBITDA of EUR 1.728 billion for the nine months through September.

Profit growth outpaced generation

Recurring EBITDA increased 23 percent year over year, or 26 percent excluding foreign-exchange effects. Recurring net profit rose 133 percent to EUR 439 million, while reported net profit reached EUR 440 million compared with EUR 107 million in the prior-year period.

Generation rose 2 percent to 30.9 TWh as installed capacity reached 20.5 GW. North America supplied the largest regional contribution, while weaker wind conditions in parts of Europe and Brazil, lower European electricity prices and currency movements constrained the overall result.

Asset rotations shape the outlook

Asset-rotation gains reached EUR 333 million through September, meeting the company's full-year target. The Brazil portfolio disposal, covering 1.7 GW, closed in October for an enterprise value of EUR 1.6 billion and is not expected to contribute to EBITDA in November and December.

Management retained its target of adding 1.5 GW of capacity in 2026 and guided to full-year EBITDA of EUR 2.2 billion to EUR 2.3 billion. The outlook assumes no further asset-rotation gains, weaker-than-average October wind in Iberia and the United States, and no Brazilian EBITDA contribution during the final two months of the year.

What investors should watch next

The next focus is the conversion of secured projects into operating capacity and the pace of further asset rotations. Management said more than 2 GW was secured for 2027 and 2028, while additional US power-purchase agreements remained under negotiation.