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Orsted A/S (DOGEF)
OTHER OTC:DOGEF
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.13Last Year’s EPS
-0.22Same Quarter Last Year
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -30.76%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
Ørsted's earnings call for Q2 2024 highlighted significant growth in EBITDA and renewable capacity, with positive developments in battery storage and settlement of Ocean Wind contracts. However, the call also revealed substantial impairments and delays in key projects, particularly the Revolution Wind project, which impacted overall profitability. Despite these challenges, Ørsted maintains its long-term targets and financial guidance.Company Guidance
During the Ørsted Q2 2024 earnings call, the company provided financial guidance and key operational updates for the year. Ørsted reported a strong performance with an EBITDA of DKK 5.3 billion for Q2, marking a 59% increase compared to the same period in 2023. The growth was primarily driven by higher earnings from offshore sites, totaling DKK 4.4 billion, an increase of 40% year-over-year, due to ramp-up from new wind farms and favorable wind speeds. Over the first half of 2024, EBITDA reached DKK 12.8 billion, supported by the commissioning of around 2 gigawatts of renewable capacity. Ørsted reiterated its full-year EBITDA guidance of DKK 23 billion to DKK 26 billion, excluding new partnerships and impacts from cancellation fees, while adjusting its gross investment guidance to DKK 44 billion to DKK 48 billion due to timing effects. The company remains committed to its long-term targets of achieving 35 to 38 gigawatts of renewable capacity by 2030, despite challenges such as the delay in the Revolution Wind project, which led to an impairment of DKK 2.1 billion.Strong EBITDA Growth
EBITDA excluding new partnerships and cancellation fees totaled DKK 5.3 billion in Q2, marking an increase of 59% compared to Q2 2023. The main driver was higher earnings from offshore sites.
Significant Renewable Capacity Commissioned
Around 2 gigawatts of renewable capacity were commissioned, supporting long-term targets to reach 35-38 gigawatts by 2030.
Positive Developments in Battery Storage
Ørsted took the final investment decision on a 300-megawatt battery storage system and announced a partnership to develop stand-alone storage projects in the U.S. Midwest.
Valuation Adjustments on Ocean Wind
Settlements on Ocean Wind 1 led to a positive EBITDA impact of DKK 1.6 billion, with a net positive EBIT impact of DKK 1.0 billion for the quarter.
Improved Credit Metrics
FFO to adjusted net debt stood at 23%, driven by higher funds from operations, indicating an improvement in credit metrics.
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DOGEF 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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DOGEF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $62.25 | $61.35 | -1.45% |
| Aug 15, 2024 | $60.89 | $57.22 | -6.03% |
| May 02, 2024 | $52.57 | $54.54 | +3.75% |
| Feb 07, 2024 | $55.44 | $54.44 | -1.80% |
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 (DOGEF) report earnings?
Orsted A/S (DOGEF) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Orsted A/S (DOGEF) earnings time?
Orsted A/S (DOGEF) 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 DOGEF EPS forecast?
DOGEF EPS forecast for the fiscal quarter 2024 (Q4) is 1.13.
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