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Drax Group plc
(LSE:DRX)
Drax Group plc (DRX) vs. S&P 500 (SPY)
Drax Group plc Business Overview & Revenue Model
Drax Group plc Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 6.94B | 6.16B | 8.13B | 7.78B | 5.09B | 4.24B | Gross Profit |
| 1.67B | 1.88B | 1.78B | 1.02B | 891.20M | 725.70M | EBIT |
| 920.40M | 850.20M | 908.20M | 251.10M | 196.50M | 122.30M | EBITDA |
| 1.26B | 1.10B | 1.14B | 400.10M | 391.50M | 4.50M | Net Income Common Stockholders |
| 653.80M | 526.60M | 562.20M | 85.10M | 55.10M | -194.60M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 289.00M | 356.00M | 379.50M | 238.00M | 317.40M | 289.80M | Total Assets |
| 4.53B | 5.39B | 6.04B | 6.39B | 5.82B | 4.19B | Total Debt |
| 608.10M | 1.29B | 1.56B | 1.59B | 1.49B | 1.10B | Net Debt |
| 319.10M | 937.20M | 1.18B | 1.36B | 1.17B | 806.10M | Total Liabilities |
| 2.76B | 3.30B | 4.06B | 5.07B | 4.52B | 2.85B | Stockholders Equity |
| 1.77B | 2.08B | 1.97B | 1.31B | 1.29B | 1.34B |
| Cash Flow | Free Cash Flow | ||||
| 404.90M | 472.00M | 394.50M | 33.00M | 96.80M | 131.80M | Operating Cash Flow |
| 875.70M | 859.50M | 835.60M | 207.70M | 306.50M | 306.20M | Investing Cash Flow |
| -485.00M | -389.90M | -451.80M | -180.70M | -228.80M | -171.30M | Financing Cash Flow |
| -255.90M | -491.60M | -237.90M | -111.90M | -50.40M | -249.10M |
Drax Group plc Technical Analysis
Drax Group plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £2.04B | 4.15 | 26.02% | 4.26% | -22.46% | -3.68% | |
68 Neutral | £16.24B | 8.32 | 21.94% | 4.16% | -13.09% | 231.40% | |
66 Neutral | £46.81B | 22.15 | 5.28% | 5.75% | -6.68% | -77.57% | |
65 Neutral | $11.91B | 15.60 | 6.55% | 4.41% | 7.00% | 0.55% | |
61 Neutral | £7.39B | 30.78 | 17.17% | 4.96% | 5.38% | 86.34% | |
56 Neutral | £6.76B | 59.13 | 5.50% | 5.14% | 8.61% | ― |
Drax Group plc Earnings Call Summary
Drax Group plc Corporate Events
Drax Group PLC has announced a change in the voting rights held by the Allan & Gill Gray Foundation, which has decreased from 5.0106% to 4.7002%. This change reflects a disposal of voting rights and may impact the company’s shareholder dynamics, potentially influencing future decision-making processes.
Drax Group has provisionally secured capacity market agreements to provide 434MW of energy, primarily from its pumped storage and hydro assets, for the period from October 2028 to September 2029, generating approximately £24 million. Additionally, Drax has secured an agreement for refurbishing its Glenlee hydro asset, providing 24MW of capacity from October 2028 to September 2043, with an expected income of around £20 million, reinforcing its commitment to renewable energy and long-term sustainability.
Drax Group plc has executed a share buyback program, purchasing 395,253 of its ordinary shares at a weighted average price of 561.77 pence per share. This transaction is part of a broader initiative announced in August 2024, aimed at optimizing the company’s capital structure and enhancing shareholder value. The buyback reduces the number of shares in circulation, potentially increasing the value of remaining shares and reflecting the company’s confidence in its financial health and future prospects.
Drax Group plc has announced the purchase of 244,366 of its ordinary shares as part of its ongoing share buyback program initiated in August 2024. This transaction is part of a broader strategy to manage the company’s capital structure and return value to shareholders, reflecting confidence in its financial health and future prospects.
Drax Group plc has executed a share buyback program, purchasing 216,049 of its ordinary shares at an average price of 587.18 pence per share. This transaction is part of a broader initiative announced in August 2024, which has seen the company buy back a total of 24,177,150 shares for treasury. The buyback reduces the number of shares in circulation, potentially increasing the value of remaining shares and signaling confidence in the company’s financial health.
Drax Group plc has executed a share buyback transaction, purchasing 291,326 of its ordinary shares at a weighted average price of 600.12 pence per share. This move is part of a previously announced share buyback programme initiated in August 2024, reflecting the company’s strategy to manage its capital structure and enhance shareholder value.
Drax Group plc has applied for a block listing of 2,000,000 ordinary shares on the London Stock Exchange, related to its Long Term Incentive Plan 2020. This move is expected to enhance the company’s financial flexibility and support its strategic initiatives, with the shares set to be admitted on March 5, 2025.
Drax Group plc announced the purchase of 150,000 of its own ordinary shares as part of its ongoing share buyback programme initiated in August 2024. This transaction is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing earnings per share.
Drax Group plc has announced its total voting rights and share capital as of February 28, 2025. The company reported an issued share capital of 427,810,338 ordinary shares, with 63,606,972 held in treasury, resulting in 364,203,366 voting rights. This information is crucial for shareholders to determine their voting rights interest under the FCA’s Disclosure and Transparency Rules.
Drax Group plc has executed a share buyback transaction, acquiring 150,000 of its ordinary shares at a weighted average price of 614.49 pence per share. This transaction is part of a previously announced buyback program, and following this purchase, the company now has 427,810,338 ordinary shares in issue, with 63,606,972 held in treasury. The buyback is a strategic move to manage the company’s capital structure and potentially enhance shareholder value.
Drax Group plc has announced the commencement of the third tranche of its share buyback program, with a maximum consideration of £75 million, following the completion of the second tranche. This initiative is part of a larger £300 million buyback program aimed at reducing the company’s share capital, with shares to be held in treasury pending cancellation or re-issue. The company has engaged RBC Europe Limited to conduct the buyback under specific regulatory parameters, and further announcements will follow as the program progresses.
Drax Group plc has executed a share buyback transaction, purchasing 123,810 ordinary shares at a weighted average price of 633.71 pence per share. This transaction is part of the company’s ongoing share buyback program, which has seen a total of 23,369,775 shares purchased since its announcement. The buyback aims to enhance shareholder value and optimize the company’s capital structure, reflecting confidence in its financial health and future prospects.
Drax Group plc reported strong operational and financial performance for 2024, with a 5% increase in adjusted EBITDA driven by enhanced renewable generation and improved pellet production. The company achieved a significant milestone by signing a Heads of Terms with the UK Government for a low-carbon dispatchable CfD at Drax Power Station, supporting its long-term growth and the UK’s Clean Power 2030 goal. Drax’s strategic initiatives include expanding its flexible generation capabilities, developing a data centre at Drax Power Station, and launching the Elimini carbon removals business. The company maintains a robust balance sheet, enabling shareholder returns and future growth investments.
Drax Group plc has announced a transaction involving the purchase of 95,429 of its own ordinary shares as part of a share buyback programme initiated in August 2024. The transaction, executed through RBC Europe Limited, reflects Drax Group’s strategic financial management efforts, impacting the total number of shares in issue and potentially influencing shareholder value and market perception.
Drax Group plc announced the purchase of 65,000 of its ordinary shares as part of its ongoing share buyback program initiated in August 2024. This transaction is part of a broader strategy to manage its capital structure and return value to shareholders, with a total of 23,150,536 shares purchased for treasury since the program’s inception.
Drax Group plc, a company involved in energy production, has executed a share buyback transaction as part of its ongoing programme announced in August 2024. On February 24, 2025, the company repurchased 3,269 ordinary shares at a weighted average price of 634.50 pence per share, impacting its total shares in issue and treasury holdings. This move is part of a broader strategy to manage its share capital and potentially enhance shareholder value.
Drax Group plc announced the purchase of 56,434 of its ordinary shares as part of its ongoing share buyback programme initiated in August 2024. Following this transaction, Drax Group now has 427,809,599 ordinary shares in issue, with 63,134,682 held in treasury, impacting shareholders by altering the number of voting rights to 364,674,917.
Drax Group plc has executed a share buyback programme, purchasing 40,194 ordinary shares at an average price of 620.09 pence per share. This transaction is part of the company’s ongoing initiative to manage its share capital and enhance shareholder value. Following this transaction, Drax Group has a total of 427,809,599 ordinary shares in issue, with 63,078,248 held in treasury, reflecting its strategic efforts to optimize capital structure and market positioning.
Drax Group plc has executed a share buyback transaction, purchasing 100,519 ordinary shares at an average price of 614.50 pence per share, as part of its ongoing buyback program initiated in August 2024. This transaction is part of Drax’s strategy to manage its capital and enhance shareholder value, indicating a strong financial position and potential confidence in future performance.
Drax Group plc has announced the purchase of 80,000 of its ordinary shares at an average price of 630.40 pence, as part of its ongoing share buyback program initiated in August 2024. This transaction reflects the company’s commitment to enhancing shareholder value and adjusting its capital structure, with a total of 22,850,338 shares bought back since the program’s inception. The impact of this buyback program positions Drax Group to potentially increase its earnings per share and return on equity, thus providing a positive signal to investors about the company’s financial health and future prospects.
Drax Group plc has executed a purchase of 40,000 ordinary shares as part of its ongoing share buyback program announced in August 2024. This transaction reflects the company’s strategy to manage its share capital effectively, potentially enhancing shareholder value and signaling confidence in its financial stability.
Drax Group plc announced a purchase of 100,000 ordinary shares as part of its ongoing share buyback program. This transaction reduces the number of shares in circulation and could enhance shareholder value by increasing earnings per share. As of the latest transaction, the company holds a total of 62,817,535 shares in treasury, indicating a significant commitment to its buyback strategy. Shareholders are advised to use the updated figure of 364,958,309 voting rights for any required notifications under the FCA’s rules.
Drax Group PLC, a company engaged in energy production, announced the purchase of 75,000 ordinary shares as part of its ongoing share buyback program. This transaction, executed through RBC Europe Limited, brings the total number of ordinary shares in issue to 427,775,844 and highlights the company’s strategic efforts to manage its equity capital, potentially impacting shareholder value and market perception.
Drax Group plc has continued its share buyback program, purchasing 57,357 of its ordinary shares at an average price of 654.38 pence each. This program, which began in August 2024, is part of Drax’s strategy to manage capital effectively and enhance shareholder value. The buyback impacts the total number of shares in circulation and may affect voting rights calculations for shareholders.
Drax Group plc, in line with its share buyback programme announced on August 7, 2024, has bought back 50,000 of its ordinary shares at an average price of 653.80 pence per share. The transaction, executed through RBC Europe Limited, leaves the company with 427,775,844 ordinary shares in issue and 62,585,178 held in treasury. This move reflects Drax Group’s ongoing strategy to manage its capital structure and enhance shareholder value, potentially impacting its market valuation and stakeholder interests.
Drax Group has reached an agreement with the UK Government for a low-carbon dispatchable Contract for Difference (CfD) for its Drax Power Station, aimed at enhancing UK energy security post-2027. This agreement is expected to result in significant savings for consumers and reduce reliance on fossil fuels, positioning Drax as a cost-effective option for electricity generation during peak demand periods. The agreement also supports future investment opportunities in carbon removals and data centers, ensuring job protection and continued development in biomass and energy sectors.
Drax Group plc has executed a share buyback transaction, purchasing 120,000 of its own ordinary shares at a weighted average price of 632.69 pence. This buyback is part of the Programme announced in August 2024, aiming to strengthen the company’s market position by reducing the number of shares in circulation and potentially increasing shareholder value.
Drax Group plc has executed a share buyback transaction as part of its ongoing program initiated in August 2024. On February 6, 2025, the company purchased 120,000 of its ordinary shares at a weighted average price of 627.53 pence. This action reduces the number of shares available in the market, potentially increasing the value of remaining shares and reflecting Drax Group’s confidence in its financial stability and future performance.
Drax Group plc, a company involved in the energy sector, executed a share buyback transaction as part of its ongoing program. On February 5, 2025, it purchased 75,000 ordinary shares at a weighted average price of 621.26 pence per share. This transaction is part of Drax Group’s strategy to manage its capital structure and enhance shareholder value.
Drax Group plc has executed a share buyback transaction as part of its ongoing buyback program initiated in August 2024. The company purchased 75,000 ordinary shares at a weighted average price of 618.46 pence per share. This transaction reflects Drax’s strategic move to manage its capital structure and potentially enhance shareholder value. The update also provided current figures on the total shares in issue and voting rights, highlighting Drax’s continued focus on transparent communication with its stakeholders.
Drax Group plc has announced its total voting rights and share capital as of January 31, 2025. The company reported a total of 427,775,792 issued ordinary shares, with 62,070,178 held in treasury, bringing the total voting rights to 365,705,614. This information is crucial for shareholders to determine their voting rights under the FCA’s Disclosure and Transparency Rules.
Drax Group plc has announced the purchase of 150,000 of its ordinary shares as part of its share buyback programme initiated in August 2024. This transaction is part of an ongoing strategy to manage its share capital, with the company having purchased a total of 21,982,981 shares for treasury since the programme’s commencement. This move reflects the company’s efforts to enhance shareholder value and could potentially affect the distribution of voting rights among stakeholders, with the current number of voting rights excluding treasury shares standing at 365,705,614.
Drax Group plc has announced the purchase of 252,107 of its ordinary shares as part of its ongoing share buyback programme initiated on 7 August 2024. The average price paid per share was 613.11 pence, with the total number of ordinary shares in issue now standing at 427,775,740, including treasury shares. This transaction is part of Drax Group’s strategy to manage its capital and provide value to shareholders, potentially affecting its market positioning and the overall perception of the company’s financial health among stakeholders.
Drax Group plc announced the purchase of 249,092 of its ordinary shares as part of its ongoing share buyback programme, which commenced in August 2024. This transaction is part of the company’s strategy to optimize its capital structure, potentially enhancing shareholder value and impacting its market positioning by reducing the number of shares in circulation.
Drax Group plc has executed a share buyback transaction as part of its previously announced programme, purchasing 296,796 ordinary shares at an average price of 611.06 pence per share. This transaction impacts the company’s share structure by adjusting the total number of voting rights, which shareholders can use for disclosure purposes under regulatory rules.
Drax Group plc has executed a share buyback transaction, repurchasing 333,982 ordinary shares at an average price of 606.51 pence per share as part of its ongoing share buyback programme initiated in August 2024. This transaction affects the company’s total shares in issue, now standing at 427,775,740, and reflects Drax Group’s efforts to manage its capital structure and potentially enhance shareholder value, impacting the voting rights and share interest notifications for stakeholders.
Drax Group plc, a prominent player in the energy sector, has announced a significant transaction in its share buyback program. On January 24, 2025, the company successfully repurchased 316,729 of its ordinary shares at a weighted average price of 608.79 pence per share. This strategic move, executed through RBC Europe Limited, enhances Drax Group’s capital management and potentially increases shareholder value. Following this transaction, Drax Group holds 427,775,740 ordinary shares in issue, with 60,788,201 held in treasury, adjusting its total voting rights to 366,987,539. Since the program’s inception in August 2024, Drax has repurchased an aggregate of 20,701,004 shares, reflecting its commitment to optimizing its capital structure.
Drax Group plc has announced the purchase of 320,000 of its own ordinary shares as part of a share buyback programme initiated in August 2024. This transaction indicates Drax’s ongoing efforts to manage its share capital and potentially enhance shareholder value, reflecting a proactive approach in the current market environment.
Drax Group plc has announced a share buyback transaction involving the purchase of 206,279 ordinary shares under its ongoing program. This move is part of its strategy to manage share capital and provide value to shareholders, with implications for the company’s market positioning and investor relations as it adjusts its share structure and voting rights.
Drax Group plc has executed a share buyback as part of its program announced in August 2024, purchasing 100,000 ordinary shares at an average price of 619.24 pence per share. This transaction increases the total number of shares held in treasury to 59,626,241 and reduces the voting rights to 368,149,027, potentially impacting stakeholders’ notification obligations under the FCA’s rules.
Drax Group plc has executed a share buyback program, acquiring 100,000 of its own shares at an average price of 633.55 pence each. This move, part of a broader buyback initiative launched in August 2024, aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
Drax Group plc has executed a share buyback, acquiring 100,000 of its ordinary shares at an average price of 627.20 pence each as part of its ongoing program initiated in August 2024. This transaction reflects Drax’s strategy to manage its capital allocation efficiently, potentially increasing shareholder value and consolidating its market position by reducing the number of shares in circulation.
Drax Group plc, a company that operates a share buyback programme, recently purchased 59,806 of its ordinary shares through RBC Europe Limited at an average price of 622.43 pence per share. As a result of this transaction, Drax Group now has a total of 427,774,397 ordinary shares in issue, with 59,326,241 held in treasury. This action is part of an ongoing effort since August 2024, during which the company has acquired a total of 19,239,044 shares for treasury, impacting its share capital structure and potentially influencing shareholder value.
Drax Group plc has announced the repurchase of 100,000 of its ordinary shares as part of its ongoing share buyback programme initiated in August 2024. This transaction reflects the company’s strategic move to manage its capital structure, and the programme has seen the acquisition of over 19 million shares in total, potentially affecting shareholder interests and voting rights.
Drax Group plc has announced a recent transaction in its share buyback program, purchasing 24,857 ordinary shares at an average price of 611.88 pence per share through RBC Europe Limited. This acquisition forms part of the ongoing program initiated in August 2024, which has seen the company buy back a total of 19,079,238 shares for treasury, impacting the number of voting rights available and reflecting a strategic move to manage its share capital and enhance shareholder value.
Drax Group plc has executed a share buyback transaction as part of its ongoing program announced in August 2024. This transaction involved the purchase of 100,000 ordinary shares at an average price of 619.20 pence, highlighting the company’s focus on enhancing shareholder value. The buyback reduces the number of shares available in the market, potentially impacting the company’s stock price and signaling confidence in its financial health to stakeholders.
Drax Group plc has executed a share buyback, purchasing 300,000 ordinary shares as part of its ongoing program initially announced in August 2024. This transaction reflects Drax’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and providing liquidity to shareholders. The buyback program has resulted in a total acquisition of over 18 million shares, demonstrating Drax’s commitment to returning capital to its investors.
Drax Group plc has executed a share buyback program, acquiring 250,000 of its ordinary shares at an average price of 651.54 pence. This move is part of a larger program initiated in August 2024 aimed at optimizing capital structure and enhancing shareholder value, with potential implications for market dynamics and investor relations.
Drax Group plc has executed a share buyback, purchasing 150,000 of its ordinary shares at an average price of 664.66 pence. This move is part of a broader program initiated in August 2024, enhancing shareholder value and potentially affecting voting rights calculations for stakeholders under regulatory frameworks.
Drax Group plc, a prominent player in the energy industry, is progressing with its share buyback program initiated in August 2024. The company announced the purchase of 496,606 ordinary shares at a weighted average price of 669.02 pence each. This transaction is part of a broader strategy to manage its capital structure and return value to shareholders. The buyback activity has implications for the company’s share capital and voting rights, with a total of 18,254,381 shares repurchased for treasury since the program’s inception. This strategic move can potentially enhance shareholder value and influence the market perception of Drax Group’s financial health.
Drax Group plc has announced its total voting rights and share capital as of December 31, 2024, which includes 427,770,766 ordinary shares, with 57,844,972 held in treasury. The total number of voting rights is 369,925,794, providing a basis for shareholders to calculate changes in their voting rights interest as per FCA regulations.
Drax Group plc announced a transaction involving the buyback of 250,000 of its ordinary shares as part of its ongoing share buyback programme initiated in August 2024. The transaction enhances shareholder value and influences the number of voting rights, potentially impacting shareholder interests and market dynamics.
Drax Group plc has executed another tranche of its share buyback program, purchasing 279,229 ordinary shares at an average price of 626.90 pence per share. This move is part of the company’s ongoing strategy to enhance shareholder value and manage capital effectively, which could positively influence its market positioning and investor confidence.
Drax Group plc has applied for the block listing of 280,000 ordinary shares on the London Stock Exchange, associated with its Long Term Incentive Plan 2020. This move, expected to be effective on 23 December 2024, will see the shares rank equally with existing shares, potentially impacting the company’s stock liquidity and stakeholder interests.
Drax Group plc has announced the purchase of 245,339 of its own ordinary shares as part of its ongoing share buyback program initiated in August 2024. This transaction brings the total number of shares purchased under the program to over 17 million, reflecting the company’s commitment to enhancing shareholder value and managing its capital structure.
Drax Group plc, a British energy company, announced the repurchase of 250,000 of its ordinary shares as part of its ongoing share buyback program. This transaction, conducted through RBC Europe Limited, reflects Drax’s effort to manage its capital structure and return value to shareholders, potentially enhancing shareholder confidence and maintaining its market position in the energy sector.
Drax Group plc, a major player in the energy sector, has announced the purchase of 250,000 of its own ordinary shares as part of a share buyback program initiated earlier in the year. This move is part of Drax’s ongoing strategy to manage its capital efficiently, potentially enhancing shareholder value by reducing the number of outstanding shares, which may have implications for voting rights and shareholder notifications.
Drax Group plc announced the purchase of 249,096 of its ordinary shares as part of its ongoing share buyback program, which began on August 7, 2024. This transaction reflects the company’s strategy to manage its equity structure and potentially return value to shareholders, impacting the total number of voting rights and shares held in treasury.
Drax Group plc announced an amendment to its previous ‘Transaction in own shares’ announcement, reflecting changes in the number of ordinary shares and voting rights. The company, as part of its share buyback programme initiated in August 2024, purchased 146,107 ordinary shares at an average price of 645.51 pence. As of December 13, 2024, Drax Group holds over 427 million ordinary shares, with a substantial portion held in treasury. This buyback reflects the company’s strategic effort to manage its equity structure and could influence shareholder value and market perception.
Drax Group plc has announced a transaction involving the repurchase of 146,107 of its ordinary shares as part of its share buyback program initiated in August 2024. This move is part of Drax’s broader strategy to manage its capital structure, potentially enhancing shareholder value and demonstrating confidence in its long-term growth prospects.
Drax Group plc announced a recent transaction in its share buyback program, purchasing 1,913 ordinary shares at an average price of 641.50 pence each through RBC Europe Limited. This transaction is part of a larger program initiated on 7 August 2024, under which the company has acquired a total of 16,088,004 shares to date, impacting the total number of shares in issue and voting rights, which stakeholders use to calculate their interests under FCA’s rules.