EnBW Reports Nine-Month Financial Results

EnBW’s adjusted group net income fell nearly 34% to about €660 million in the first nine months of 2026, while reported group net income dropped nearly 65% to around €208 million and adjusted EBITDA declined 12% to €3.2 billion. The company cited lower electricity output, including drought-hit run-of-river generation and reduced production tied to its planned coal phase-out. EnBW maintained its full-year adjusted EBITDA guidance of €4.6 billion to €5.1 billion but expects results near the lower end. It invested €4 billion during the period, mainly in renewable energy, grid infrastructure and e-mobility.