The earnings call indicates a balanced sentiment. While Endesa has demonstrated strong performance in renewable energy expansion and maintained a stable customer base, significant challenges are present, including a sharp decline in EBITDA, normalization of gas margins, and regulatory uncertainties impacting future investments.
Company Guidance
In the first quarter of 2024 earnings call for ELE.MC, the company provided detailed guidance on several key metrics. They reported an EBITDA of EUR 1.1 billion, which is 26% lower than the previous year's record results, and a net ordinary income of around EUR 0.3 billion, marking a 51% decrease. The company attributed these declines to the normalization of the gas and thermal generation businesses following extraordinary market conditions in the previous year. They highlighted a significant drop in electricity prices in the Iberian Peninsula by over 50%, driven by a 48% decrease in TTF prices and a 30% reduction in CO2 prices. The company also mentioned a robust capital allocation strategy, with 70% of total investment directed towards accelerating the energy transition, resulting in an emission-free output of 90% of total mainland production and expanding renewable capacity to 10 gigawatts. Despite challenges such as a 0.4% fall in mainland electricity demand, the company expressed confidence in achieving the full-year guidance, with projected EBITDA in the range of EUR 1.3 to 1.4 billion per quarter for the remaining year, excluding potential capital gains.
Strong Renewable Energy Performance
Emission-free output increased to 90% of total mainland production after expanding renewable capacity to approximately 10 gigawatts.
Significant Reduction in Electricity Prices
Electricity prices in the Iberian Peninsula dropped by more than 50% due to increased renewable production and weak demand.
Stable Customer Base in a Competitive Market
Endesa maintained a liberalized customer base with close to 7 million customers, representing a 29% market share.
Improved Distribution EBITDA
Distribution EBITDA improved by 8% due to gross margin increases led by quality incentives and a decrease in fixed costs.
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Endesa (ELEZY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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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ELEZY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 30, 2024
$10.64
$10.66
+0.19%
Jul 24, 2024
$9.71
$9.76
+0.51%
May 08, 2024
$9.29
$9.30
+0.11%
Feb 28, 2024
$8.80
$8.54
-2.95%
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 Endesa (ELEZY) report earnings?
Endesa (ELEZY) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Endesa (ELEZY) earnings time?
Endesa (ELEZY) earnings time is at Mar 04, 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.