Cadeler A/S Sponsored ADR (CDLR)
NYSE:CDLR
Earnings Data
Report Date
Jun 02, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
0.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial performance for 2025: substantial YoY growth in revenue, EBITDA and net profit, high adjusted utilization, a EUR 2.8 billion backlog with 80% FID, and clear progress on strategic initiatives (Hornsea 3 execution, Nexra O&M expansion, young fleet). Manageable near-term headwinds were flagged — primarily timing/phasing of Hornsea 3 revenue, higher finance costs moving into the P&L as capitalized interest declines, SG&A increases for ramp-up, a transition year for one vessel, limited short-term U.S. demand, and industry-wide yard/cost pressures — but these are framed as operational/timing issues rather than structural demand problems. Given the magnitude and breadth of the positive financial metrics and backlog visibility versus the listed challenges (many of which are timing or financing-related and have mitigation paths), the overall tone of the call is positive.Company Guidance
Strong Year-Over-Year Financial Performance
Reported full-year 2025 revenue of EUR 620 million versus EUR 249 million in 2024 (+149.0% YoY). EBITDA rose to EUR 425 million from EUR 126 million (+237.3% YoY). Net profit increased to EUR 280 million from EUR 65 million (+330.8% YoY).
Robust Backlog and Earnings Visibility
Contract backlog of EUR 2.8 billion at year-end 2025, with ~80% of backlog having reached final investment decision (FID), providing multi-year earnings visibility.
Exceptional Utilization and Operational Execution
Adjusted fleet utilization of 88.9% in 2025 versus 75% in 2024 (increase of 13.9 percentage points, +18.5% relative). Four newbuilds scheduled for 2025 were delivered on time and on budget; multiple vessels mobilized globally across Europe, U.S. and APAC.
Q4 Momentum
Q4 2025 revenue of EUR 167 million, up EUR 82 million versus Q4 2024 (prior Q4 ~EUR 85 million), a +96.5% quarterly increase; Q4 EBITDA strong at EUR 104 million.
Project Execution Progress — Hornsea 3
Hornsea 3 preparation on track for offshore installation start in April: project scope includes 197 monopiles, 2.8 GW total capacity, >400,000 tonnes of transported material, 10 ports and 12+ partners. Company expects higher total revenue and margin on the project relative to original expectations (timing stretched).
Strategic Growth in O&M (Nexra)
Nexra O&M platform expanded (Wind Keeper added) and O&M now represents ~20% of 2025 revenues. Signed multi-year contract (Wind Keeper up to 5.5 years) and began O&M campaigns in Taiwan, supporting diversification of revenue and fleet utilization.
Healthy Balance Sheet and Liquidity Actions
Market cap ~EUR 1.8 billion and cash of EUR 152 million. Ongoing financing packages include a EUR 148 million RCF and advanced discussions for financing Wind Apex; committed CapEx and financing plan in place (total financing mentioned EUR 637 million).
Fleet Quality and Renewal
Average fleet age ~5 years; installed >1,700 turbines and >900 foundations historically, positioning Cadeler as a modern, versatile Tier-1 fleet for future demand.
CDLR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CDLR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 24, 2026 | $22.76 | $23.11 | +1.54% |
Nov 20, 2025 | $16.49 | $16.01 | -2.91% |
Aug 26, 2025 | $21.89 | $22.18 | +1.32% |
May 21, 2025 | $20.19 | $19.18 | -5.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cadeler A/S Sponsored ADR (CDLR) report earnings?
Cadeler A/S Sponsored ADR (CDLR) is schdueled to report earning on Jun 02, 2026, TBA (Confirmed).
What is Cadeler A/S Sponsored ADR (CDLR) earnings time?
Cadeler A/S Sponsored ADR (CDLR) earnings time is at Jun 02, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CDLR EPS forecast?
CDLR EPS forecast for the fiscal quarter 2026 (Q1) is 0.31.