Iberdrola SA

IBE: XMAD (ESP)

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Iberdrola Has a Better Earnings and Dividend Outlook Than Most Peers

Tancrede Fulop

Sep 24, 2025

Business Strategy and Outlook

Iberdrola is the second-biggest integrated utility in Europe after Enel. Besides its domestic Spanish market, Iberdrola has strong exposure to the United Kingdom since the acquisition of Scottish Power in 2007. It is the European utility with the largest exposure to the United States thanks to its wind development and the acquisition of UIL in 2015. Its US assets are grouped in subdsidiary Avangrid that Iberdrola delisted in 2024.

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Iberdrola SA

Iberdrola Has a Better Earnings and Dividend Outlook Than Most Peers

Business Strategy and Outlook

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