Drax Group plc (DRX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 23, 2026

TBA (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

―

Last Year’s EPS

0.64

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 6 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 26, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a broadly positive strategic and financial position: strong 2025 operational execution, record renewable and pellet production, robust balance sheet (0.8x leverage) and clear capital allocation plans including shareholder returns and a sizeable growth pipeline (notably >700 MW of BESS and data center optioning). Material negatives were disclosed — notably significant impairments (total ~GBP 385m) tied to the Canadian pellet business and paused projects, workforce reductions, and near-term operational outages — but management framed these as strategic realignment and disciplined capital allocation while emphasizing contracted cash flows from the newly signed low-carbon dispatchable CfD and the growth pathway in FlexGen. On balance, the positive operational and financial momentum, the secured CfD, and the progressing BESS/data center pipeline outweigh the setbacks and one-time charges.

Company Guidance

Management reiterated guidance to generate c. GBP 3.0bn of free cash flow between 2025–2031 (c. GBP 0.5bn delivered in 2025), of which it will allocate over GBP 1.0bn to shareholders (inclusive of the ongoing GBP 450m 3‑year buyback) and up to c. GBP 2.0bn to growth; 2025 adjusted EBITDA was GBP 947m, adjusted EPS 137.7p (+7% vs 2024), net debt GBP 784m (0.8x 2025 EBITDA versus a long‑term target of ~2x) and cash & committed facilities GBP 942m, with an expected full‑year dividend of 29p (+11.5%). The group reiterates a post‑2027 adjusted EBITDA target of GBP 600–700m p.a. (pellet production, biomass generation and FlexGen, before development spend), expects structural cost savings of >GBP 150m p.a. by 2027 (vs 2024), and plans continued capital deployment (c. GBP 0.5bn already committed to batteries, GBP 300m committed to battery tolling agreements) while keeping over half of 2026 growth CapEx focused on BESS. Operational and project metrics include record biomass generation of 15 TWh and pellet production of 4.2Mt in 2025, Drax accounting for ~6% of UK power and ~11% of renewables (and >50% of renewables in some low‑wind peaks), use of ~2Mt own pellets from the US South, operational control of >700MW of batteries (260MW acquired from Apatura with an option for +289MW, plus 450MW tolling deals), acquisition of Flexitricity for ~GBP 36m, Cruachan storing >7GWh and running up to 16 hours with a GBP 80m upgrade (2025–27), open‑cycle earnings underpinned by ~GBP 270m of capacity market payments—and noted one‑off charges taken in 2025 (GBP 198m Canadian pellets, GBP 139m Longview impairment and GBP 48m BECCS impairment).

Strong Group Financial Performance

Adjusted EBITDA of GBP 947 million in 2025; adjusted EPS 137.7p, up 7% versus 2024; net debt GBP 784 million representing 0.8x 2025 EBITDA (well below 2x target); total cash and committed facilities GBP 942 million.

Record Renewable and Pellet Production

Record biomass power generation of 15 TWh in 2025 and record pellet production of 4.2 million tonnes (new high), reinforcing vertical integration between U.S. South pellet operations and Drax Power Station.

Low-Carbon Dispatchable CfD Signed

Signed post-2027 low-carbon dispatchable Contract for Difference covering the equivalent of 6 TWh/year (~30% of unit load), enabling predictable contracted cash flows and flexibility to reprofile generation to high-value periods.

Free Cash Flow and Capital Allocation Plan

Target to generate around GBP 3 billion of free cash flow between 2025 and 2031 (GBP 0.5 billion delivered in 2025); plan to allocate initially over GBP 1 billion to shareholders (including an ongoing GBP 450 million buyback) and up to ~GBP 2 billion to growth investments.

Shareholder Returns and Buybacks

Completed GBP 300 million buyback in 2025 and commenced a further GBP 450 million program; purchased GBP 57 million under the new program to date; expected full-year dividend of 29p per share, up 11.5% year-over-year.

FlexGen & Battery Storage Progress

Built a gigawatt-scale BESS pipeline with operational control of over 700 MW of batteries across 5 sites; committed on the order of GBP 0.5 billion to batteries; acquired 260 MW development projects (Apatura) with options for +289 MW and tolling agreements for 450 MW; committed GBP 300 million to battery tolling agreements.

Strategic Technology & Optimization Acquisitions

Acquired Flexitricity for ~GBP 36 million to internalize asset optimisation capability (platform serving ~900 MW of third-party customers), strengthening in-house trading and optimisation of flexible assets.

Cruachan Pumped Storage Performance & Investment

Cruachan utilization increased from ~20% to ~60% since 2018; can run up to 16 hours at full load with >7 GWh stored energy; investing ~GBP 80 million (2025–2027) to replace 2 turbines to increase capability and extend value.

Drax Group plc (GB:DRX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:DRX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2026	2026 (Q2)	- / -	0.643	―	―	―
Feb 26, 2026	2025 (Q4)	0.61 / 0.61	0.494	23.08% (+0.11)	―	―
Jul 31, 2025	2025 (Q2)	- / 0.64	0.649	-0.92% (>-0.01)	―	―
Feb 27, 2025	2024 (Q4)	- / 0.49	0.81	-39.01% (-0.32)	―	―
Jul 26, 2024	2024 (Q2)	- / 0.65	0.45	44.22% (+0.20)	―	―
Feb 29, 2024	2023 (Q4)	- / 0.81	-0.16	606.25% (+0.97)	―	―
Jul 27, 2023	2023 (Q2)	0.40 / 0.45	0.193	133.16% (+0.26)	―	―
Feb 23, 2023	2022 (Q4)	- / -0.16	0.073	-319.18% (-0.23)	―	―
Jul 26, 2022	2022 (Q2)	0.16 / 0.19	0.142	35.92% (+0.05)	―	―
Feb 24, 2022	2021 (Q4)	- / 0.07	0.183	-60.11% (-0.11)	―	―

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

GB:DRX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 26, 2026	882.50p	899.50p	+1.93%
Jul 31, 2025	666.57p	695.57p	+4.35%
Feb 27, 2025	613.84p	591.83p	-3.59%
Jul 26, 2024	533.28p	607.64p	+13.95%

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 Drax Group PLC (GB:DRX) report earnings?

Drax Group PLC (GB:DRX) is schdueled to report earning on Jul 23, 2026, TBA (Confirmed).

What is Drax Group PLC (GB:DRX) earnings time?

Drax Group PLC (GB:DRX) earnings time is at Jul 23, 2026, TBA (Confirmed).

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What companies are reporting earnings today?

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What is the P/E ratio of Drax Group PLC stock?

The P/E ratio of Drax Group plc is N/A.

What is GB:DRX EPS forecast?

Currently, no data Available