Iberdrola profits buoyed by Scottish Power as UK focus intensifies
Scottish Power owner and global energy giant Iberdrola said its UK arm played a significant part in profits rising by more than 50% in the first nine months of this year Iberdrola recently announced it was doubling its investment in UK projects to £24 billion after Energy Secretary Ed Miliband overturned objections to renewables developments in Lincolnshire, Suffolk and Cambridgeshire. Nine-month net profit at Iberdrola, which has assets in the US, Spain, Brazil and Mexico as well as the UK, to €5.47 billion from €3.64 billion even though revenues dropped 11% with a big one-off gain in Mexico helping the numbers.
Iberdrola's profit jumps 50% on record investments
Europe's largest utility Iberdrola posted on Wednesday a 50% increase in net profit for the first nine months of the year on the back of record investments, mostly in the United States and Britain, and the sale of some assets.
'Grid is crucial' and the U.S., UK are pushing us to invest more, Iberdrola chairman says
Ignacio Galán, the chairman of Iberdrola, emphasises the importance of investment in the grid in an exclusive interview with CNBC's Charlotte Reed.
Qatar mulls increasing its stake in Iberdrola, Expansion reports
The Qatar Investment Authority, the country's sovereign wealth fund, is considering raising its stake in Spanish power company Iberdrola , Spanish newspaper Expansion reported on Friday, citing unidentified energy sector sources.
Iberdrola, BP to build 25-MW green hydrogen project in Spain
Spanish renewable power company Iberdrola and Britain's BP said on Thursday they had agreed to build a 25-megawatt green hydrogen plant in Castellon, on Spain's eastern coast.
All You Need to Know About Iberdrola (IBDRY) Rating Upgrade to Strong Buy
Iberdrola (IBDRY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Orsted, Iberdrola among winners of British renewable power auction
Orsted and Iberdrola were among the offshore wind developers who won guaranteed electricity price contracts in Britain's latest renewable power auction, government documents showed on Tuesday.
Iberdrola scoops up UK's Electricity North West in €5bn deal
Scottish Power owner Iberdrola will buy Britain's Electricity North West through a deal valuing the grid operator at €5 billion (£4.3 billion). Some 88% of the company, which operates power networks in the north west of England, will be acquired by Iberdrola for €2.5 billion, a statement said on Friday.
Iberdrola to acquire 88% of UK's Electricity North West for 2.5 bln euros
Spanish utility Iberdrola said on Friday it reached an agreement to buy 88% of British power network Electricity North West (ENWL) for 2.5 billion euros ($2.72 billion).
Iberdrola: Propelling Dividend Higher, H1 Earnings Up 23%
Iberdrola is a leading renewable power developer, benefiting from energy transition initiatives and growing electricity needs globally. The company offers stable earnings through state-regulated energy networks and long-term fixed-price Power Purchase Agreements. Iberdrola's defensive nature, strong growth potential, and attractive dividend yield make it a low-risk investment with potential for stock price appreciation.
Iberdrola: Beneficiary Of Surging Power Demand
I recommended a buy rating for Iberdrola due to the positive EBITDA growth outlook. Power demand surge expected from data centers, AI, and electrification will benefit IBDSF. Valuation remains low despite strong earnings growth potential.
Iberdrola, S.A. (IBDSF) Q2 2024 Earnings Call Transcript
Iberdrola, S.A. (OTCPK:IBDSF) Q2 2024 Results Conference Call July 24, 2024 3:30 AM ET Company Participants Ignacio Arambarri - Director, Investor Relations Ignacio Galán - Executive Chairman Pepe Sainz - Chief Financial Officer Conference Call Participants Alberto Gandolfi - Goldman Sachs Rob Pulleyn - Morgan Stanley Meike Becker - HSBC Fernando Garcia - Royal Bank of Canada Fernando LaFuente - Alantra Manuel Palomo - BNP Paribas Pedro Alves - CaixaBank Gonzalo Sanchez-Bordona - UBS Jorge Guimaraes - JB Capital Markets Javier Garrido - JPMorgan Jorge Alonso - Berstein Jose Javier Ruiz - Barclays Ahmed Farman - Jefferies Marc Ip Tat Kuen - Berenberg Ignacio Arambarri Good morning, ladies and gentlemen.
