RWE stock reflects higher 2026 earnings guidance

Published on 09/24/2026 at 12:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RWE stock traded at EUR 59.78 on September 24, 2026, while H1 adjusted EPS reached EUR 1.77. The 2026 EBITDA guidance stands at EUR 5.57 billion to EUR 6.35 billion.

Offshore-Windpark in der Nordsee bei goldenem Sonnenaufgang, ruhige See, Panorama — RWE AG (DE0007037129) Offshore-Windpark in der Nordsee bei goldenem Sonnenaufgang, ruhige See, Illustration mit AI erstellt.

RWE stock (ISIN DE0007037129) was trading at EUR 59.78 on Xetra on September 24, 2026, down 0.50 percent from the previous close. The price stood 3.58 percent below the 52-week high of EUR 62.00, giving the market a firm but measured backdrop for the company earnings story.

H1 earnings raise the bar

RWE delivered adjusted EBITDA of EUR 3.0 billion in the first half of 2026, an increase of more than EUR 900 million from the prior-year period. Adjusted earnings per share reached EUR 1.77 and rose more than 60 percent year over year, according to Investing.com in its September 2026 RWE results coverage.

The improvement was broad across the portfolio. Offshore wind earnings increased by EUR 167 million to EUR 810 million, while onshore wind and solar generated adjusted EBITDA of EUR 1.02 billion in H1 2026. Those figures show why the earnings upgrade matters more than the modest intraday price move.

Guidance points to higher earnings

RWE now expects 2026 adjusted EBITDA between EUR 5.57 billion and EUR 6.35 billion, with adjusted net income between EUR 1.95 billion and EUR 2.45 billion. The midpoint of adjusted EPS guidance is EUR 2.95, compared with H1 adjusted EPS of EUR 1.77, according to Yahoo Finance.

The company also kept its 2026 dividend target at EUR 1.32 per share and described this as consistent with annual dividend growth of 10 percent. The earnings profile therefore combines operating improvement with a clearly quantified shareholder distribution target.

Amprion adds a regulated pillar

RWE increased its stake in grid operator Amprion to 55 percent during June 2026. Management said the transaction adds regulated grid infrastructure to the portfolio, while the 2026 outlook incorporates the larger stake and higher power generation margins.

Stock stays below yearly high

RWE stock was trading at EUR 59.78 on Xetra on September 24, 2026, with an intraday change of minus 0.50 percent. Its EUR 44,817,583,874 market capitalization and EUR 36.67 to EUR 62.00 52-week range place the current quote near the upper end of its annual trading band.