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Orsted A/S (DNNGY)
OTHER OTC:DNNGY
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.27Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 6.49%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Ørsted's strong EBITDA performance, safety improvements, and strategic milestones in renewable energy projects. However, significant impairments in the U.S. offshore portfolio, pressures on credit metrics, and a reduction in future investments were noted as substantial challenges.Company Guidance
During the Ørsted Q4 2024 Earnings Call, newly appointed CEO Rasmus Errboe outlined several strategic adjustments, including a projected reduction in investments of approximately 25% towards 2030, emphasizing a disciplined approach to capital allocation. The company achieved a full-year EBITDA of DKK24.8 billion, aligning with their guidance of DKK24 billion to DKK26 billion. Total group EBITDA, including new partnerships and cancellation fees, reached DKK32 billion, marking one of the highest levels in the company’s history. They recorded total impairments of DKK15.6 billion, mainly due to developments in their U.S. offshore wind portfolio. Ørsted has commissioned 2.4 gigawatts of renewable capacity this year and plans to focus future investments on financially attractive offshore wind opportunities. Despite challenges, Ørsted remains committed to maintaining a solid investment-grade credit rating and projects an EBITDA growth to DKK29 billion to DKK33 billion by 2026. The company also reported a reduction in their total recordable injury rate for the second consecutive year.Strong EBITDA Performance
Ørsted achieved an EBITDA of DKK24.8 billion for the full year 2024, in line with guidance of DKK24 billion to DKK26 billion, representing an increase of DKK700 million compared to last year.
Record Cancellation Fee Reversal
Ørsted managed to settle a number of contracts, leading to a total net reversal of cancellation fees of DKK7.3 billion, resulting in one of the highest EBITDA levels in the company's history.
Safety Improvements
The company reduced its total recordable injury rate for the second consecutive year in 2024, highlighting a successful focus on safety.
Significant Renewable Capacity Commissioned
In 2024, Ørsted commissioned around 2.4 gigawatts of total renewable capacity across offshore and onshore assets.
Final Investment Decision on Baltica 2
Ørsted took the final investment decision on the Baltica 2 project in Poland, locking in the majority of the project's CapEx.
UK Offshore Wind Auction Success
Ørsted was awarded 3.5 gigawatts of offshore wind capacity in the UK allocation round six.
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DNNGY 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
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DNNGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $13.10 | $13.90 | +6.11% |
| Nov 05, 2024 | $20.71 | $20.45 | -1.26% |
| Aug 15, 2024 | $20.83 | $19.24 | -7.63% |
| May 02, 2024 | $18.22 | $18.72 | +2.74% |
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.
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FAQ
When does Orsted A/S (DNNGY) report earnings?
Orsted A/S (DNNGY) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Orsted A/S (DNNGY) earnings time?
Orsted A/S (DNNGY) earnings time is at May 07, 2025, TBA Not 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 DNNGY EPS forecast?
DNNGY EPS forecast for the fiscal quarter 2025 (Q1) is 0.43.
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