Q2 2026 Earnings Summary Revenue (Q2 2026 vs Q2 2025): DKK 20,648m vs DKK 17,135m (up about 20.5%) Net Income (Excl. Extra Items, Q2 2026 vs Q2 2025): DKK 518m vs DKK 3,096m (down about 83.3%) Basic EPS (Q2 2026 vs Q2 2025): DKK 0.40 vs DKK 7.30 (down about 94.5%) Trailing 12 Month Net Income (Excl. Extra Items, Q2 2026 vs Q2 2025): loss of DKK 3,122m vs profit of DKK 5,942m (swing from profit to loss) <\/p>\n
Prefer clear visuals instead of another dense page of earnings figures and balance sheet ratios? See \u00d8rsted\u2019s full financial picture, with a focus on its balance sheet strength, in an easy-to-scan visual format in our company report for \u00d8rsted.<\/a><\/p>\n Bulls argue \u00d8rsted has moved back toward a resilient, cash generative offshore utility that can fund growth and resume dividends. The quarter gives some support to that view. EBITDA excluding new partnerships and cancellation fees reached DKK 5.4b in Q2 and DKK 15b for H1, which management says is on track for full year guidance above DKK 28b. That helps explain why the dividend restart for 2026 remains on the table. The balance sheet is doing its part. Net debt sits at DKK 22b with a liquidity reserve above DKK 115b and funds from operations to adjusted net debt around 45%, well above the 30% target. Construction milestones such as Borkum Riffgrund 3 at more than 99% completion and several large projects above 40% completion support the idea that \u00d8rsted can turn its large pipeline into operating assets without overstretching capital.<\/p>\n Bear case focuses on profit pressure and project risk <\/p>\n Bears point to weak earnings quality and growing project risk. Q2 adjusted net profit of DKK 1.9b is only slightly below last year, yet reported net profit of DKK 700m is dragged down by a DKK 1.2b non cash U.S. impairment linked to higher long term interest rates. That directly supports worries about rate sensitivity in offshore wind. The share price is down about 14% over three months, which suggests investors are not yet convinced by the recovery story. Net income for Q2 excluding extra items dropped sharply year on year, and trailing 12 month figures show a swing from profit to a loss. That undercuts the idea of a clean earnings reset. At the same time, capex guidance of DKK 50b to DKK 55b and large ongoing projects in the U.S. and Poland keep execution and policy risk firmly in view.<\/p>\n Compare \u00d8rsted\u2019s improving EBITDA, funding capacity and construction progress with the earnings pressure and project risks that still concern bears, then ask whether the recent DKK139.2 share price already reflects Wall Street\u2019s view. See the consensus price target analysis for \u00d8rsted<\/a> Stay Ahead With Simply Wall St <\/p>\n If \u00d8rsted\u2019s mix of funding strength, heavy capex plans and recent share price pressure has your attention, register for free with Simply Wall St and add it to a Watchlist<\/a> to track price against fair value and watch how the thesis evolves. After you take a position, use the Portfolio Command Center<\/a> to cut through market noise and focus on the key developments that matter for your holdings. For a broader perspective, tap into crowd insights and debated viewpoints through the Community<\/a>. Spot potential catalysts and risks early so you can act with confidence and stay ahead of the market.<\/p>\n Seeking Fresh Alternatives Beyond \u00d8rsted <\/p>\n Some of the strongest breakouts start quietly while attention stays locked on \u00d8rsted. Consider these fresh stock ideas before the crowd catches up and the early edge drops.<\/p>\n Spot steady cash generators with strong balance sheets before momentum shifts by scanning our curated list of solid balance sheet and fundamentals stocks (432 results)<\/a> while that quality edge is still under the radar. Explore potential opportunities in metals as sentiment shifts and prices move by checking curated producers inside our focused 30 elite gold producer stocks<\/a> while the window still looks attractive. Prepare for possible demand swings in industrial metals with a tight set of producers highlighted in the 9 top copper producer stocks<\/a>, then decide whether it still feels early for your strategy. <\/p>\n This article by Simply Wall St is general in nature. We provide commentary based on historical data Valuation is complex, but we’re here to simplify it.<\/p>\n Discover if \u00d8rsted might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.<\/p>\n Access Free Analysis<\/a><\/p>\n Have feedback on this article? Concerned about the content? Get in touch<\/a> with us directly. Alternatively, email editorial-team@simplywallst.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"\u00d8rsted stock went into this earnings release under pressure, with the share price down about 14% over the…\n","protected":false},"author":2,"featured_media":146143,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[285],"tags":[287],"class_list":["post-146142","post","type-post","status-publish","format-standard","has-post-thumbnail","category-orsted","tag-orsted"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/117095714534883087","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/146142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=146142"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/146142\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/146143"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=146142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=146142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=146142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"CPSE:ORSTED](\"https:\/\/www.europesays.com\/dk\/wp-content\/uploads\/2026\/08\/1786738689_470_revenue-and-expenses-breakdown.png\")
<\/a>CPSE:ORSTED Trailing 12-Month Revenue & Expenses Breakdown as at Aug 2026 \u00d8rsted bull case leans on execution and cash strength <\/p>\n
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