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Orsted A/S (DNNGY)
OTHER OTC:DNNGY
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.36Last Year’s EPS
-0.08Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -39.50%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call presented a solid financial performance with significant EBITDA growth and successful project awards and divestments. However, challenges in the US and German markets, including impairment losses and project delays, were notable. The positives slightly outweigh the negatives, indicating a cautiously optimistic outlook.Company Guidance
In the recent earnings call, Ørsted provided several key metrics and updates regarding their financial and operational performance for the third quarter of 2024. The company reported an underlying EBITDA of DKK 4.4 billion for Q3 2024, with total EBITDA, including impacts from cancellation fees, reaching DKK 9.5 billion. For the first nine months, the reported EBITDA was DKK 23.6 billion, marking a 22% increase from the previous year. Ørsted has narrowed its 2024 EBITDA guidance to a range of DKK 24 billion to DKK 26 billion, excluding new partnerships and cancellation fees. The total renewable capacity commissioned during the quarter was 550 megawatts, bringing the total portfolio to 18.2 gigawatts. Additionally, Ørsted announced the divestment of a 12.45% minority stake in four operational UK offshore assets to Brookfield, securing proceeds of DKK 15.7 billion, which contributes significantly to their farm-down program. The call also highlighted ongoing construction projects, such as Revolution Wind, where 52 turbine foundations have been installed, and plans for further investment and capacity expansion in various markets, aiming for 20 to 22 gigawatts of offshore capacity by 2030.Record EBITDA Growth
The reported EBITDA for the first nine months amounted to DKK 23.6 billion, an increase of 22% over last year, and EBITDA, excluding new partnership and cancellation fees, increased by 12% to DKK 17.2 billion.
Significant Offshore Wind Awards
Awarded three and a half gigawatts of offshore wind in the UK allocation round six, securing inflation-linked offtake for a 1.1 gigawatt share of the Hornsea 3 project and the 2.4 gigawatts for the Hornsea 4 project.
Successful Divestment and Partnership
Announced the divestment of a minority stake in four UK offshore assets to Brookfield, generating proceeds of DKK 15.7 billion.
Renewable Capacity Expansion
Commissioned 550 megawatts of renewable capacity, bringing the total portfolio to 18.2 gigawatts.
Positive Impact from Contract Settlements
Reversed more than DKK 5 billion of cancellation fee provision during Q3 due to favorable contract settlements for the Ocean Wind 1 project.
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DNNGY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DNNGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $20.71 | $20.45 | -1.26% |
| Aug 15, 2024 | $20.83 | $19.24 | -7.63% |
| May 02, 2024 | $18.22 | $18.72 | +2.74% |
| Feb 07, 2024 | $18.51 | $18.21 | -1.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Orsted A/S (DNNGY) report earnings?
Orsted A/S (DNNGY) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Orsted A/S (DNNGY) earnings time?
Orsted A/S (DNNGY) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DNNGY EPS forecast?
DNNGY EPS forecast for the fiscal quarter 2024 (Q4) is 0.36.
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