\n By Adria Calatayud <\/p>\n
\n Iberdrola raised its full-year guidance after it reported higher adjusted earnings for the first quarter driven by the performance of its networks business. <\/p>\n
The Spanish utility said Wednesday that it now expects adjusted net profit to grow more than 8% this year, excluding capital gains from asset sales, up from its previous guidance of an increase of about 6%. For 2025, the company reported an adjusted net profit of 6.23 billion euros ($7.30 billion). <\/p>\n
Iberdrola said a solid first-quarter result and expectations of a strong performance for the rest of the year drove the guidance uplift. The company said it has a minimal exposure to commodities as it passes through costs to customers and that it doesn’t expect a significant short-term impact from volatility in fossil-fuel markets. <\/p>\n
For the first quarter, Iberdrola made an adjusted net profit of 1.865 billion euros, up 11% on year. It said the performance of its networks business was a key driver of adjusted earnings. <\/p>\n
On a reported basis, the company’s net profit declined 15% to 1.71 billion euros. Revenue fell 4.5% to 12.02 billion euros. <\/p>\n
\n Write to Adria Calatayud at adria.calatayud@wsj.com <\/p>\n
\n (END) Dow Jones Newswires<\/p>\n
04-29-26 0302ET<\/p>\n","protected":false},"excerpt":{"rendered":"By Adria Calatayud Iberdrola raised its full-year guidance after it reported higher adjusted earnings for the first quarter…\n","protected":false},"author":2,"featured_media":2037,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[122],"tags":[146,147],"class_list":{"0":"post-13731","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iberdrola","8":"tag-iberdrola","9":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/13731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=13731"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/13731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/2037"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=13731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=13731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=13731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}