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Iberdrola (IBDRY)
OTHER OTC:IBDRY
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.18Last Year’s EPS
1.37Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational and financial momentum driven by the Networks business (robust EBITDA growth, large investments, increased RAB, secured long-term regulated frameworks and pipeline), solid cash generation, deleveraging and progressive shareholder returns. Weaknesses were concentrated in the Power & Customers segment (lower prices, volumes and higher ancillary costs), several one-off write-downs/provisions (renewable pipeline adjustments) and a sharp decline in Mexico's reported EBITDA tied to asset sales. Management maintains positive forward guidance (adjusted profit > EUR 6.6bn for 2026 and aims to exceed prior 2028 targets) and highlights multiple regulatory wins and financing successes that support growth and rating targets.Company Guidance
Net Profit Growth
Reported net profit of EUR 6,285 million, up 12% year-on-year; adjusted net profit EUR 6,231 million, up 10.3% and management states EUR 6,749 million excluding EUR 464 million noncash renewable pipeline charges.
Adjusted EBITDA and Networks Strength
Group adjusted EBITDA reached EUR 15,684 million, up 3%; Networks adjusted EBITDA grew 21% to EUR 7,794 million, with transmission EBITDA up 28% to EUR 1.1 billion and distribution EBITDA up 19% to EUR 6.7 billion.
Regulated Asset Base and Investment Momentum
Total investment of EUR 14.46 billion in 2025 with ~2/3 allocated to transmission and distribution; regulated asset base around EUR 51 billion (management highlighted RAB growth vs prior periods) and company emphasized strong network-focused expansion (UK RIIO-T3 TOTEX ~EUR 14 billion).
Capacity Additions and Pipeline
Added 2.7 GW of new operating capacity in 2025, 4.7 GW under construction and a pipeline >9 GW ready for 2028; emission-free generation reached 85%.
Cash Flow, Deleveraging and Credit Metrics
Operating cash flow up 8.2% to EUR 12,811 million; net debt reduced by EUR 1.5 billion to EUR 50.2 billion; FFO/adjusted net debt improved to 25.5%; adjusted net debt/EBITDA around 3x (adjusted net debt-to-EBITDA 3.02x) and adjusted leverage declined to 43.8%.
Dividend and Shareholder Return
Board proposed total dividend of EUR 0.68 per share (year-on-year dividend per share +6.3% and total dividend payments +12% to EUR 4.5 billion, including interim dividend).
Geographic and Business Diversification
International business contributed ~2/3 of EBITDA (UK EUR 3,306m; US EUR 2,662m; Brazil ~EUR 3bn); 81% of group EBITDA now from A-rated countries, supporting resilience and growth.
Commercial Positioning and Long-Term Contracts
All 2026 production sold with an attractive mix of long-term/regulatory contracts (average duration ~14 years); retail customers and long-term PPAs represent ~2/3 of total energy sales; recognized as leading PPA seller in Europe and among top 3 globally.
Financing Execution and Liquidity
EUR 16.7 billion of new financing in 2025, EUR 4.9 billion bonds placed, EUR 4.5 billion structured finance, EUR 3.8 billion credit lines and a EUR 5 billion capital increase — supporting investment plan and rating targets.
Material Regulatory Wins and Project Contributions
Secured UK RIIO-T3 transmission TOTEX (~EUR 14bn), NECEC interconnection commissioning adds ~EUR 125 million EBITDA p.a., Brazil distribution concession renewed for 30 years to 2060 and Neoenergia transmission adds ~EUR 250 million EBITDA p.a.; awarded EUR 1.2bn Victoria (Australia) transmission line.
IBDRY 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
IBDRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $94.42 | $96.06 | +1.74% |
Oct 28, 2025 | $78.84 | $81.69 | +3.62% |
Jul 23, 2025 | $73.77 | $70.38 | -4.60% |
Apr 30, 2025 | $69.58 | $70.12 | +0.78% |
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 Iberdrola (IBDRY) report earnings?
Iberdrola (IBDRY) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Iberdrola (IBDRY) earnings time?
Iberdrola (IBDRY) earnings time is at Apr 29, 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 IBDRY EPS forecast?
IBDRY EPS forecast for the fiscal quarter 2026 (Q1) is 1.18.