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Drax Group PLC (GB:DRX)
LSE:DRX
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
50.22Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -8.50%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a strong financial performance with increased power production and significant improvements in EBITDA and dividends. However, uncertainties around regulatory environments and project delays pose challenges. The sentiment is cautiously optimistic with strategic plans to address these uncertainties.Company Guidance
During the call, Drax provided guidance for future performance, highlighting several key metrics. The company achieved a 5% increase in adjusted EBITDA for 2024, driven by a 25% increase in power production and improved pellet production. Drax has strengthened its balance sheet by adding GBP 700 million in new debt, which matures in 2027 and beyond, and repaid GBP 900 million of shorter-term facilities. The company announced a 12.6% increase in dividends per share and continues a GBP 300 million share buyback. Drax set a new post-2027 target for recurring adjusted EBITDA at GBP 600 million to GBP 700 million from its FlexGen, pellet production, and biomass generation businesses. This reflects increased confidence in earnings visibility beyond 2027. The company also maintains a focus on capital allocation, with a commitment to attractive shareholder returns while exploring investment opportunities aligned with the energy transition.Strong Year with Increased Power Production
Produced 25% more power than in 2023, leading to a 5% increase in adjusted EBITDA.
Strengthened Balance Sheet
Added GBP 700 million of new debt maturing in 2027 and beyond, repaid GBP 900 million of shorter-dated facilities.
Increase in Dividends and Share Buyback
Announced a 12.6% increase in dividends per share and continued a GBP 300 million share buyback.
Upgraded EBITDA Target
Announced an upgraded target for recurring adjusted EBITDA of GBP 600 million to GBP 700 million from FlexGen, pellet production, and biomass generation post-2027.
Positive Agreement for Drax Power Station
Agreement of heads of terms for a CfD supporting post-2027 operations, expected to save bill payers billions over the term.
Record Adjusted EBITDA in Pellet Production
Delivered record levels of adjusted EBITDA in pellet production with a margin increase to GBP 36 per tonne.
Strong Financial Performance
Adjusted EBITDA grew 5% to GBP 1.064 billion with strong renewable power generation and system support activity.
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GB:DRX 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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GB:DRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | 641.50p | 618.50p | -3.59% |
| Jul 26, 2024 | 557.31p | 635.03p | +13.95% |
| Feb 29, 2024 | 400.30p | 445.02p | +11.17% |
| Jul 27, 2023 | 582.66p | 568.18p | -2.49% |
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 Drax Group PLC (GB:DRX) report earnings?
Drax Group PLC (GB:DRX) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Drax Group PLC (GB:DRX) earnings time?
Drax Group PLC (GB:DRX) earnings time is at Jul 31, 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 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
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