Germany's E.ON 9M adjusted EBITDA flat; keeps forecast

E.ON SE

Wed 06:09

Overview
Europe's largest energy grid operator's 9M adjusted EBITDA was flat yr/yr at €7.1 bln
Adjusted net income for 9M rose 4% to €2.2 bln
Company reaffirmed 2026 guidance and mid-term outlook through 2030

Outlook
E.ON reaffirms 2026 adjusted EBITDA guidance of EUR9.4-9.6 bln
Company maintains 2026 adjusted net income forecast of EUR2.7-2.9 bln
E.ON reaffirms mid-term outlook through 2030

Result Drivers
NETWORK INVESTMENTS - Growth in regulated asset base and smart-meter rollout supported earnings, partly offset by deconsolidation and asset sales
NEW PROJECTS - Commissioning of projects for industrial and commercial customers drove Energy Infrastructure Solutions earnings
UK MARKET EFFECTS - Expiration of legacy contracts and temporary effects weighed on UK industrial/commercial earnings, partly offset by gains in residential business

Company press release: ID:nEQbQMH1Ca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Adjusted Net Income
 
EUR 2.20 bln
 
9M Adjusted EBITDA
 
EUR 7.10 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline utilities peer group is "buy"
Wall Street's median 12-month price target for E.ON SE is €21.00, about 9.7% above its November 10 closing price of €19.15
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Nov 11 - E.ON meets nine-month forecasts as grid investment ramps up
Nov 11 - RWE posts 9-month core earnings above expectations on favourable conditions
Nov 10 - Uniper reports 60% increase in nine-month core profit

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)