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Orsted (DOGEF)
:DOGEF
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.08Last Year’s EPS
-0.23Same Quarter Last Year
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -30.76%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call reflects strong financial performance with significant revenue growth and strategic achievements in renewable capacity and partnerships. However, it also highlights challenges such as project impairments, construction issues, and delays in grid connections. Overall, the positive financial and strategic achievements outweigh the challenges.Company Guidance
During the third quarter of fiscal year 2024, the company reported strong financial performance with an underlying EBITDA of DKK 4.4 billion, excluding new partnerships and cancellation fees. The reported EBITDA for the first nine months amounted to DKK 23.6 billion, reflecting a 22% increase from last year. The company narrowed its full-year 2024 EBITDA guidance to DKK 24 billion to DKK 26 billion. Additionally, 550 megawatts of renewable capacity were commissioned, raising the total portfolio to 18.2 gigawatts. The company also completed a significant transaction by divesting a 12.45% minority stake in four operational UK offshore assets to Brookfield, contributing DKK 15.7 billion to its farm-down program. Challenges were noted in the US offshore projects, including the Ocean Wind 1 and Revolution Wind projects, with a net impairment loss of DKK 0.3 billion reported in Q3 due to updated market assumptions. The company also reversed over DKK 5 billion in cancellation fee provisions due to favorable contract settlements.Record-Breaking Revenue and Growth
The reported EBITDA for the first nine months amounted to DKK 23.6 billion, an increase of 22% over last year. EBITDA, excluding new partnerships and cancellation fees, increased by 12% to DKK 17.2 billion.
Significant Renewable Capacity Additions
Commissioned 550 megawatts of renewable capacity, bringing the total portfolio to 18.2 gigawatts. Successfully commissioned the Mockingbird Solar Project and made final investment decisions on two US onshore projects with a total capacity of 500 megawatts.
Successful Auction Outcomes
Awarded three and a half gigawatts of offshore wind in the UK allocation round six, securing inflation-linked offtake for 1.1 gigawatts of Hornsea 3 and 2.4 gigawatts for Hornsea 4.
Strategic Divestments and Partnerships
Divested a minority stake in four UK offshore assets to Brookfield for DKK 15.7 billion, significantly contributing to the farm-down program.
Coal Phase-Out
Shut down the last coal-fired power CHP plant in Denmark, marking a major step towards the goal of reducing scope one and two emissions intensity by 98% by 2025.
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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
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DOGEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $62.25 | $61.35 | -1.45% |
| Aug 15, 2024 | $60.89 | $57.22 | -6.03% |
| May 02, 2024 | $52.57 | $54.54 | +3.75% |
| Feb 07, 2024 | $55.44 | $54.44 | -1.80% |
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 (DOGEF) report earnings?
Orsted (DOGEF) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Orsted (DOGEF) earnings time?
Orsted (DOGEF) earnings time is at Feb 06, 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 DOGEF EPS forecast?
DOGEF EPS forecast for the fiscal quarter 2024 (Q4) is 1.08.
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