Ørsted Q2 2026 net profit drops 79% to $106m

Danish renewables institution Ørsted reported a nett net of DKr687m ($106m) for the 2nd 4th of 2026 (Q2 2026), down by 79% from DKr3.4bn ($524.5m) successful the aforesaid play of 2025.

Earnings earlier interest, taxes, depreciation, and amortisation (EBITDA) for the 4th fell 18% year-on-year to DKr5.4bn, compared with DKr6.6bn a twelvemonth earlier.

EBITDA excluding caller partnerships and cancellation fees grew by 2% to DKr5.4bn, up from DKr5.3bn successful the prior-year quarter.

In the 2nd quarter, the offshore concern generated EBITDA of DKr4.4bn, marking an summation from DKr4bn successful the prior-year period, chiefly driven by net from the Hornsea 3 operation agreement.

The institution has besides flagged impairments for Q2 2026 amounting to DKr1.2bn, up from DKr20m successful Q2 2025.

Cash travel from operating activities decreased 64% to DKr2.6bn from DKr7.2bn, portion gross investments declined 10% to DKr10.1bn.

Free currency travel for the 4th roseate sharply to DKr1.3bn from DKr290m a twelvemonth earlier.

For the archetypal fractional of 2026 (H1 2026), Ørsted reported nett net of DKr3.3bn, a 60% alteration compared with DKr8.2bn successful the aforesaid play past year.

EBITDA declined 4% to DKr15bn, from DKr15.5bn successful the prior-year period.

EBITDA excluding caller partnerships and cancellation fees accrued 8% to DKr15bn, compared with DKr13.9bn successful H1 2025.

The offshore concern contributed EBITDA of DKr11.9bn successful the archetypal half, compared with DKr10.3bn a twelvemonth earlier, chiefly owed to higher upwind speeds and prices.

Return connected superior employed (ROCE) for the archetypal fractional was 3.1%, down from 7.5% past year, owed to higher superior employed and somewhat little 12-month earnings.

First-half currency travel from operating activities roseate 17% to DKr9.1bn.

Ørsted maintained its 2026 full-year guidance of EBITDA supra DKr28bn, excluding caller partnerships and cancellation fees, and its gross concern guidance of DKr50-55bn.

Ørsted radical president and CEO Rasmus Errboe said: "I'm pleased with our strategical advancement successful the archetypal fractional of the year. Our renewable assets person produced much renewable vigor successful the archetypal fractional of 2026 than ever before, and we stay connected way to present connected our fiscal guidance for the year.

"With the measures we've taken during the past 18 months, we person the indispensable robustness to prosecute new, value-creating opportunities wrong offshore wind, portion besides reinstating a dividend payout to our shareholders arsenic planned."

"Ørsted Q2 2026 nett net drops 79% to $106m" was primitively created and published by Power Technology, a GlobalData owned brand.