Iberdrola (IBDRY)
OTHER OTC:IBDRY
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Earnings Data
Report Date
Jul 22, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.1Last Year’s EPS
1.09Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear strengths: double-digit adjusted net profit growth, resilient EBITDA supported by a strong Networks business (notably U.K. and U.S.), large and focused investment accelerating regulated RAB growth, completed asset rotation (Mexico) that improved pro forma leverage, strong liquidity and upgraded guidance for 2026. Offsetting these positives are notable headwinds: FX-driven reporting weakness, weakness in the Power & Customers segment (particularly U.S. timing effects and Iberia ancillary costs), a rising gross debt level (management expects ~EUR 55bn by year-end), and regulatory/operational uncertainties (Spain blackout-related ancillary costs and U.S. regulatory reviews). On balance, the highlights outweigh the lowlights due to the strength and visibility of regulated networks cash flows, improved credit metrics on a pro forma basis, and an upgraded outlook.Company Guidance
Adjusted Net Profit Growth
Adjusted net profit rose 11% year-on-year to EUR 1,865 million in Q1 2026; excluding negative FX effects (~EUR 99 million) adjusted net profit would have grown ~17%.
Adjusted EBITDA and Networks Strength
Group adjusted EBITDA reached EUR 4.1 billion, up 2.4% YoY, driven by Networks. Networks adjusted EBITDA grew 9% to EUR 2,048 million (14% ex-FX), with strong U.K. (+32% to GBP 447m) and U.S. (+22% to $612m) performances.
Robust Investment Program and RAB Expansion
Investment was EUR 2,705 million in Q1 and EUR 14.5 billion over the last 12 months, focused on networks (over half in U.K. and U.S.). Regulated asset base increased to EUR 53 billion (c. +8% YoY) and transmission RAB rose ~29% to EUR 14 billion.
Asset Rotation Closed (Mexico) and Balance Sheet Improvements
Closing of the Mexico transaction completed the asset-rotation target, generated capital gains (expected several hundreds of millions EUR) and helped pro forma net debt reach EUR 50.3 billion. Liquidity stood at EUR 21.4 billion (covering ~23 months).
Upgraded 2026 Guidance
Management upgraded 2026 guidance to expect >8% growth in adjusted net profit (excluding capital gains from asset rotation), supported by networks growth, higher rates and ongoing renewables additions.
Renewables and Operational Output Gains
Renewable output improved: offshore production +42% YoY, U.K. wind production +40% YoY. Hydro reserves at record levels. Capacity added ~3,300 MW in the last 12 months (≈2 GW wind, 1 GW solar, >300 MW storage).
Improving Credit Metrics and Cash Flow
7% increase in FFO and improved credit ratios: adjusted net debt/EBITDA decreased to 3.4x (from 3.7x), adjusted FFO/adjusted net debt reached ~24% (vs 21.2% prior), adjusted leverage ~44% (vs 47% prior).
AI and Digital Efficiency Initiatives
Large-scale AI program launched with 300–400+ initiatives identified (company cited >300 and later nearly 400 projects), ~70% generative AI, ~70% developed in-house; expected to drive efficiency and new revenue opportunities.
IBDRY 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
IBDRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $94.37 | $93.20 | -1.23% |
Feb 25, 2026 | $94.42 | $96.06 | +1.74% |
Oct 28, 2025 | $78.84 | $81.69 | +3.62% |
Jul 23, 2025 | $73.77 | $70.38 | -4.60% |
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 Iberdrola (IBDRY) report earnings?
Iberdrola (IBDRY) is schdueled to report earning on Jul 22, 2026, Before Open (Confirmed).
What is Iberdrola (IBDRY) earnings time?
Iberdrola (IBDRY) earnings time is at Jul 22, 2026, Before Open (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 IBDRY EPS forecast?
IBDRY EPS forecast for the fiscal quarter 2026 (Q2) is 1.1.