Portugal's EDP maintains 2026 guidance despite cutting investment plans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2025
0mins
Source: Reuters
EDP's Financial Outlook: EDP maintains its EBITDA and net profit guidance for 2026, expecting net income to rise to between 1.2 billion and 1.3 billion euros, despite a 16% drop in profit for 2024 due to losses in its renewables unit.
Investment Strategy Changes: The utility plans to reduce its investment plan, installing 3.5 gigawatts of new capacity over the next two years, with an average annual investment of 4.4 billion euros, down from previous projections.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
