EDP, EDPR slide after Q3 results and business plans

Edp Renewables SA

06/11/2025 09:17

** Shares of EDP EDP.LS fall around 3.5% and shares of EDPR EDPR.LS slide around 2% after both Portuguese utilities have presented their Q3 results and business plans for 2026-2028

** Portugal's largest power utility EDP EDP.LS nine-month profit fell 12% to 952 million euros  ($1.11 billion), but still beat LSEG consensus estimate of 920 million euros

** EDP'S "net income guidance could look slightly lower than expected", says RBC, that notes net income is guided at around 1.3 billion euros while consensus is at 1.35 billion euros

** J.P.Morgan notes that EDPR 2026-28 targets fall slightly short at the EBITDA level, with EDP's unit targeting 2.2 billion euros in 2028 against JPME/consensus of 2.3 billion euros

($1 = 0.8575 euros)

 (Reporting by Tiago Brandao)

 ((Tiago.Brandao@thomsonreuters.com;))