EDP Renewables recurring profit more than doubles on US growth, capital gains

EDP

05/11/2026 24:37

LISBON, Nov 5 (Reuters) - EDP Renewables EDPR.LS, the world's fourth-largest wind power producer, said on Thursday its nine-month recurring net profit more than doubled year-on-year, boosted by strong US growth and higher capital gains. 
The renewables arm of Portugal's EDP EDP.LS said recurring net profit, excluding one-off items, rose to €439 million  ($493 million) in the first nine months, from €189 million a year earlier, in line with analysts' consensus compiled by LSEG.
In a statement, it said recurring earnings before interest, taxes, depreciation and amortisation increased 23% year-on-year to €1.7 billion between January and September. 
EDPR said recurring EBITDA was driven by portfolio expansion, mainly in the US, and higher asset rotation gains, which climbed to €333 million from €59 million a year earlier as the company sold stakes in mature renewable assets to help fund new projects.
EDPR added 0.7 GW of capacity over the past year, nearly three-quarters in the United States, lifting total capacity to 20.5 GW.
EDPR's electricity generation increased 2% to 30.9 TWh, as a 9% rise in North America, spanning the United States, Canada and Mexico, outweighed declines of 7% in Europe and 11% in South America.

($1 = 0.8913 euros)

 (Reporting by Sergio Goncalves; Editing by Chris Reese)
 ((sergio.goncalves@thomsonreuters.com; +351213509204; Reuters Messaging: sergio.goncalves.reuters.com@reuters.net))