Orsted A/S (DOGEF)
OTHER OTC:DOGEF
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.42Last Year’s EPS
0.91Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights material progress in strengthening Ørsted's financial foundation — completion of the rights issue, delivery of a divestment program that exceeded targets (DKK ~46 billion), a large reduction in net debt, and solid operational performance (EBITDA DKK 25.1 billion, 93% offshore availability). The company reported significant construction milestones across its 8.1 GW portfolio and confirmed a robust investment and commissioning plan for 2026. However, the quarter was also marked by substantial noncash impairments (Hornsea 3, U.S. lease suspension effects, goodwill write-down), legal and regulatory uncertainty in the U.S. impacting two major projects, restructuring costs and workforce reductions, and lower wind speeds that reduced earnings. On balance, the positives around capital strengthening, deleveraging, improved credit metrics, execution progress and sustainability achievements outweigh the negatives, though important risks remain around the U.S. regulatory environment and accounting impacts from recent transactions.Company Guidance
Strong offshore availability and reliable generation
Offshore portfolio availability was 93% for the full year (increase of 5 percentage points vs prior year), supporting resilient site earnings despite below-normal wind speeds in 2025.
Major construction and commissioning milestones
Progress across the 8.1 GW construction portfolio: commissioning of Gode Wind 3; first power at Borkum Riffgrund 3; turbine installation completed at Greater Changhua 2b & 4 (75% complete); Revolution Wind ~87% complete (59/65 turbines) with first power expected within weeks; Sunrise Wind ~45% complete (44/84 foundations) and progressing toward first power/commissioning timeline.
Committed investment and delivery plan for 2026
Guidance: full-year 2026 EBITDA > DKK 28 billion; gross investments expected DKK 50–55 billion; committed capital of ~DKK 145 billion for 2025–2027 remains unchanged; plan to commission >2.5 GW offshore across 3 continents in 2026.
Sustainability and safety achievements
Reached renewables share target of 99% of generation in 2025; reduced Scope 1 & 2 emissions intensity by more than 98% since 2006; total recordable injury rate reduced to 2.5 in 2025.
Execution resilience and ability to resume halted activity
Following U.S. BOEM suspension orders, courts granted preliminary injunctions for Revolution Wind (Jan 12, 2026) and Sunrise Wind (Feb 2, 2026), enabling project work to resume while litigation proceeds.
Strong operational EBITDA in 2025
EBITDA (excluding new partnerships and cancellation fees) of DKK 25.1 billion for FY2025, in line with guidance; Q4 EBITDA of DKK 8.1 billion (increase of ~DKK 500 million vs prior year).
Successful capital strengthening and divestment program
Completed rights issue and delivered partnership/divestment transactions with asset value/proceeds of around DKK 46 billion versus a target of >DKK 35 billion (exceeding target by ~DKK 11 billion, ~31% above target), providing material proceeds to strengthen the balance sheet.
Large net debt reduction and improved credit metrics
Net interest-bearing debt fell to DKK 19 billion at end Q4 '25, a decrease of approximately DKK 64 billion during the quarter; FFO to adjusted net debt ~43% (well above target of 30%).
DOGEF 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
DOGEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 06, 2026 | $22.25 | $22.79 | +2.45% |
Nov 05, 2025 | $17.59 | $17.60 | +0.06% |
Aug 11, 2025 | $27.95 | $18.94 | -32.24% |
May 07, 2025 | $22.63 | $21.19 | -6.34% |
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 Orsted A/S (DOGEF) report earnings?
Orsted A/S (DOGEF) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is Orsted A/S (DOGEF) earnings time?
Orsted A/S (DOGEF) earnings time is at May 06, 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 DOGEF EPS forecast?
DOGEF EPS forecast for the fiscal quarter 2026 (Q1) is 0.42.