Endesa SA

ELE: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Endesa Earnings: 2025 Guidance Likely to Be Exceeded; Raise Our Fair Value Estimate to EUR 25.50

Tancrede Fulop

Oct 29, 2025

Nine-month EBITDA increased by 12% to EUR 4.2 billion. During the third quarter, EBITDA increased by 20%, largely improving from the second quarter's small decline. Management confirmed the high end of EUR 1.9 billion-EUR 2 billion guidance.

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Endesa SA

Endesa Earnings: 2025 Guidance Likely to Be Exceeded; Raise Our Fair Value Estimate to EUR 25.50

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