EnBW Reports Nine-Month Financial Results

EnBW announced that its adjusted group net income for the first nine months of 2026 fell by nearly 34% to approximately 660 million euros, while the group net income dropped by nearly 65% to around 208 million euros. The adjusted EBITDA decreased by 12% to 3.2 billion euros. The company attributed these results to lower electricity production, particularly from run-of-river power plants affected by drought and low water levels, as well as reduced generation volumes linked to the planned coal phase-out. Despite these challenges, EnBW maintained its full-year adjusted EBITDA guidance of 4.6 to 5.1 billion euros, though it noted that results are expected to be at the lower end of this range. The company also reported 4 billion euros in investments during the period, primarily directed toward renewable energy, grid infrastructure, and e-mobility.