Morningstar

Enel Logs Higher Earnings Thanks to Spain, Latin America Operations

Provided by Dow Jones May 7, 2026, 4:32:00 PM

By Mauro Orru

Enel posted higher earnings for the first quarter as its operations in Spain and Latin America offset lower margins in Italy.

The Rome-based energy company said that net ordinary income--a closely watched profitability measure--grew 3.9% on year to 1.94 billion euros ($2.28 billion) in the three months to the end of March.

Meanwhile, ordinary earnings before interest, taxes, depreciation and amortization--another key profitability metric--increased 3.6% to 6 billion euros.

Revenue declined 6.7% to 20.59 billion euros due to lower electricity sales in Italy, lower average prices for customers and lower volumes traded in the wholesale market.

For 2026, Enel said it continued to expect net ordinary income between 7.1 billion euros and 7.3 billion euros and ordinary Ebitda between 23.1 billion euros and 23.6 billion euros.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

May 07, 2026 12:32 ET (16:32 GMT)

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