Iberdrola quarterly profit drops 15% y/y, in line with estimates

Iberdrola SA

29/04/2026 07:24

MADRID, April 29 (Reuters) - Europe's largest utility Iberdrola IBE.MC posted on Wednesday a first-quarter net profit of 1.71 billion euros ($2.00 billion), largely in line with the median forecast by analysts polled by LSEG of 1.72 billion euros, after its electricity output rose 1.6%.

       The profit fell nearly 15% from a year earlier in nominal terms.

($1 = 0.8546 euros)

(Reporting by Madrid Newsroom, writing by Andrei Khalip)

((andrei.khalip@thomsonreuters.com; (351) 213-509-209;))