Drax Group plc (DRXGY) Q2 2026 Earnings Call Transcript
Drax Group LON: DRX reported first-half adjusted EBITDA of £279 million for 2026, reflecting lower achieved forward power prices compared with the prior year, while outlining plans to expand its flexible generation, battery storage, solar and wind operations.
Drax Group plc (DRXGY) M&A Call Transcript
British power group Drax said on Monday it has agreed to buy Bluefield Solar Income Fund (BSIF) in a deal that values the renewable energy-focused investment company at about £561 million ($755.3 million), including a permitted dividend.
Drax Group plc (DRXGY) Q4 2025 Earnings Call Transcript
Drax Group plc (OTCPK:DRXGF) Q2 2025 Earnings Conference Call July 31, 2025 4:00 AM ET Company Participant Andrew Keith Skelton - CFO & Director Dwight Daniel Willard Gardiner - Group CEO & Executive Director Conference Call Participants Ahmed Farman - Jefferies LLC Alexander Wheeler - RBC Capital Markets Charles Swabey - HSBC Global Investment Research Dominic Charles Nash - Barclays Bank PLC Harrison Williams - Morgan Stanley Jenny Ping - Citigroup Inc. Pavan Mahbubani - JPMorgan Chase & Co Dwight Daniel Willard Gardiner Good morning, everyone, and thank you for joining the call. I will provide a short introduction and overview, and then I'll hand it over to Andy for the numbers and operations, and then I'll come back to talk more about our investment program and capital allocation, and then we'll take questions.
Drax Group (LSE:DRX) is seen as a beneficiary of Britain's need for more power, with analysts at JP Morgan giving the electricity generator an ‘Overweight' rating. Resuming its coverage at Overweight, with a target price of 1,000p, implying 46% upside potential, JP Morgan also previewed upcoming interim results (due 31 July) and tipped Drax to extend rewards for shareholders.
Drax Group plc (OTCPK:DRXGF) Q4 2024 Results Conference Call February 27, 2025 4:00 AM ET Company Participants Will Gardiner - CEO & Executive Director Andrew Skelton - Chief Financial Officer Conference Call Participants Dominic Nash - Barclays Pavan Mahbubani - JPMorgan Harrison Williams - Morgan Stanley Alex Wheeler - RBC Adam Forsyth - Longspur Capital Charles Swabey - HSBC Will Gardiner Thank you, and good morning, everyone, and thank you all for joining the call. I'm going to provide a short introduction and overview, and then I'll hand over to Andy, who will take you through the numbers and some of the operating points.
Barclays analyst Dominic Nash raised the firm's price target on Drax to 1,220 GBp from 1,190 GBp and keeps an Overweight rating on the shares. The firm says European utilities "remain in the foothills of a super-cycle." Regulated is now Barclays' preferred sub-sector and generators earnings "continue to unwind," the analyst tells investors in a research note. Barclays sees possible upside surprises from balance sheet clarity, low European expectations and capacity payments.
New agreement to facilitate transactions in carbon offsets between Karbon-X Corp and Drax Group PLC accelerates large-scale carbon removal efforts and sustainable energy generation, paving the way for transformative climate action. CALGARY, AB / ACCESSWIRE / September 24, 2024 / Karbon-X Corp. and Drax Group PLC are proud to announce the official launch of a new agreement to broker transactions in carbon offsets, building upon the successful Carbon Dioxide Removal (CDR) agreement established earlier this year to remove 25,000 tons of carbon dioxide from the atmosphere.