RWE stock rises as nine-month earnings lift 2026 outlook

RWE reported a strong first nine months on Wednesday, November 11, 2026, and raised the quality of its full-year outlook without changing the formal guidance ranges. In its investor-relations release, RWE said adjusted EBITDA increased 35 percent to 4.6 billion euros in the first nine months of 2026.

RWE stock traded at 59.28 euros on Lang & Schwarz at 17:50 CET on Wednesday, November 11, 2026, 0.14 percent above the Xetra close of Wednesday, November 11.

Higher earnings across the group

Adjusted net income rose to 1.8 billion euros from 1.3 billion euros a year earlier. Adjusted earnings per share reached 2.52 euros, up 42 percent from 1.77 euros, putting the company at roughly 85 percent of its full-year adjusted EPS target after nine months.

RWE attributed the improvement to additional contributions from newly commissioned assets, more favourable wind conditions in Europe and stronger Supply & Trading earnings. The company also cited higher contributions from Amprion after increasing its stake in the transmission-system operator to a majority shareholding.

Guidance stays unchanged

RWE kept its 2026 adjusted EBITDA range at 5.75 billion to 6.35 billion euros and its adjusted net income range at 1.95 billion to 2.45 billion euros. Management now expects results toward the upper end of both ranges after strong trading in the second and third quarters. The dividend target remains 1.32 euros per share.

Supply & Trading adjusted EBITDA reached 543 million euros, compared with 150 million euros in the prior-year period. RWE now expects the segment to exceed its previous full-year range of 100 million to 500 million euros.

Investment remains elevated

Net investment reached 10.7 billion euros in the first nine months. RWE reported net debt of 17.0 billion euros at September 30 and expects it to fall to about 12 billion euros by year-end, mainly after the Vanguard West and Vanguard East offshore-wind joint venture is deconsolidated.

Germany's DAX market provides the broader setting for RWE stock as investors weigh stronger operating earnings against the company's heavy investment programme.

More earnings details and company updates are available in more news and analyses on RWE stock.