Orsted shares rise after Q3 earnings beat forecasts

Oersted A/S

05/11/2026 08:45

** Shares in Orsted ORSTED.CO rise nearly 3% after the Danish renewable energy company posted Q3 results ahead of expectations
** Its adjusted EBITDA rose to DKK 5.26 billion ($792.50 million) in the quarter, above an average forecast of DKK 4.42 billion seen in a company-provided poll
** Orsted reiterated its full-year outlook for core profit of above DKK 28 billion, but said it now expected gross investments of DKK 45-50 billion, down from the earlier forecast of DKK 50-55 billion
** It also announced the completion of its US offshore project Revolution Wind, in accordance with its previously given timeline
** "Good results & progress on construction programme," J.P. Morgan says in a note
** The beat was driven by the continued ramp-up of new sites, higher wind speeds, higher power prices and strong trading, the brokerage added
     
($1 = 6.6372 Danish crowns)

(Reporting by Izabela Niemiec)
((izabela.niemiec@thomsonreuters.com))