Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Orsted OTC (DNNGY)
:DNNGY
Holding DNNGY?
Track your performance easily
Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.35Last Year’s EPS
-0.08Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -30.76%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong performance in renewable energy capacity and financial results, but was overshadowed by significant impairments and project delays, particularly in the U.S. offshore segment. The company remains committed to its long-term targets despite these challenges.Company Guidance
During the Ørsted Q2 2024 earnings call, the company reaffirmed its full-year EBITDA guidance of DKK 23 billion to DKK 26 billion, excluding earnings from new partnerships and cancellation fees. The firm reported a Q2 EBITDA of DKK 5.3 billion, marking a 59% increase from the previous year, largely driven by offshore wind farm earnings, which rose by 40% to DKK 4.4 billion. Ørsted's long-term target for renewable capacity remains at 35-38 gigawatts by 2030, despite a delay in the Revolution Wind project to 2026 due to onshore substation issues, resulting in an impairment of DKK 2.1 billion. The company also highlighted a significant milestone, commissioning around 2 gigawatts of renewable energy, and mentioned ongoing construction of 7.6 gigawatts, with a strategic focus on green hydrogen. Additionally, Ørsted reduced its 2024 gross investment guidance by DKK 4 billion to DKK 44 billion-48 billion, attributing this to timing effects.Strong EBITDA Growth
EBITDA excluding new partnerships and cancellation fees totaled DKK 5.3 billion in Q2, an increase of 59% versus Q2 of 2023.
Significant Renewable Capacity Commissioned
Commissioned around 2 gigawatts of renewable capacity, contributing to long-term targets for renewable capacity, aiming for 35 to 38 gigawatts by 2030.
Successful Battery Storage Developments
Announced a partnership for stand-alone battery energy storage systems in the U.S. Midwest with a potential capacity of 1 gigawatt.
Positive EBITDA Impact from Settlement
Settled a claim with the state of New Jersey at better-than-assumed terms, leading to a positive EBITDA impact of DKK 1.6 billion.
Renewable Share of Energy
Renewable share of energy increased to 97% compared to 92% for the same period last year.
---
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
---
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.
---
FAQ
When does Orsted OTC (DNNGY) report earnings?
Orsted OTC (DNNGY) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Orsted OTC (DNNGY) earnings time?
Orsted OTC (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 0.35.
---