EDP Renewables Profit Surges 133% in 2026 Q1-Q3, Stock Rises 3.22%

EDP Renewables reported a 133% surge in recurring net profit for the first nine months of 2026, driven by stronger US operations and impressive gains from renewable energy asset sales. The company's stock rallied ahead of the announcement, but investors also faced news of an upcoming leadership transition.

The Portuguese renewable energy producer reported recurring net profit of €439 million, compared with €189 million during the same period last year. Reported net profit more than quadrupled to €440 million, while recurring EBITDA increased 23% to €1.73 billion.

(Source: edpr-investors.com)

North America played an important role in the company's financial performance, with electricity generation increasing 9% and electricity sales rising 10%. However, much of the earnings improvement came from asset rotation, which involves selling stakes in renewable energy projects to generate capital for further investment.

Gains from these transactions reached €333 million, compared with €59 million a year earlier. Excluding these gains, underlying EBITDA increased by a more modest 4%.

EDP Renewables generated approximately 30.9 terawatt-hours of electricity during the nine-month period, which is a 2% increase year over year. Its installed renewable energy capacity also expanded to approximately 20.5 gigawatts.

(Source: edpr-investors.com)

Operating cash flow climbed 30% to €1.15 billion, although net debt increased to €8.35 billion from €8.11 billion at the end of 2025.

EDP Renewables stock closed at €13.47 after gaining approximately 3.22% ahead of the earnings announcement. The shares have climbed by nearly 8% since the beginning of 2026, thanks to improving investor sentiment toward the renewable energy company.

EDP Renewables stock price (Source: Google Finance)

However, the stock is still below its 52-week high of €14.67. This suggests that investors are still evaluating the company's growth prospects and financial position. Attention will now turn to whether the latest earnings can support further gains, particularly given the company's reliance on asset sales to boost profitability.

The earnings announcement coincided with a leadership announcement at. On Nov. 4, EDP revealed that CEO Miguel Stilwell d'Andrade will step down when his current mandate expires in 2027. The company initiated a succession process and expects the transition to prioritize strategic continuity.

Looking ahead, investors will monitor the sustainability of earnings growth, debt levels and further expansion in the United States.