Engie Upbeat on Guidance After Revenue, Earnings Rise
By Adria Calatayud
Engie said it expects full-year recurring profit to be at the higher end of its previous guidance range after it reported increases for both revenue and earnings for the first nine months.
The French power utility on Thursday reaffirmed its full-year outlook, but said it expects its results to be at the upper end of the guidance ranges it had previously given.
It had guided for recurring net profit of between 4.9 billion and 5.5 billion euros ($5.50 billion-$6.18 billion), and earnings before interest and taxes excluding the nuclear business to range between 9.2 billion and 10.2 billion euros.
For the first nine months of the year, Engie reported earnings before interest, taxes, depreciation and amortization of 10.9 billion euros compared with 10.8 billion euros in the same period last year.
Excluding its nuclear operations, earnings before interest and taxes were 7 billion euros, up 3.3% on an organic basis, Engie said.
Revenue for the group as a whole rose 2.9% to 54.3 billion euros.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
November 05, 2026 02:16 ET (07:16 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Growth Stocks to Buy While They’re Still Undervalued
3 of the Best Core Stocks to Own
3 Great New ETFs From 2026
Retirees: 5 Reasons to Consider Index Funds and ETFs
United States