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Enlight Renewable Q3 revenue rises 40% on new projects

By Reuters News


Overview

  • Israel renewable energy producer's Q3 revenue rose 40% yr/yr on new projects and higher prices

  • Q3 net income up 4% yr/yr; excluding one-time items, net income increased 76%

  • Company raised 2026 revenue and adjusted EBITDA guidance on strong operating results


Outlook

  • Company raises 2026 revenue guidance to $810 mln-$830 mln from $790 mln-$820 mln

  • Enlight lifts 2026 adjusted EBITDA guidance to $575 mln-$590 mln, up from $565 mln-$585 mln

  • Guidance increase reflects strong operating results, electricity trading in Israel, higher European electricity prices


Result Drivers

  • NEW PROJECTS - Co said new projects contributed $21 mln to Q3 revenue growth

  • HIGHER ELECTRICITY PRICES - Higher electricity prices in Europe and Israel supported revenue growth, per CEO Adi Leviatan


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$231 mln

Q3 Net Income

$34 mln


Analyst Coverage

  • The one available analyst rating on the shares is "hold"

  • The average consensus recommendation for the independent power producers peer group is "buy."


Reuters Recommended Reads

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  • Nov 3 - Germany awards $13 billion gas plant contracts to utilities including LEAG, RWE

  • Nov 2 - Entergy Q3 profit beats estimates on retail sales; raises dividend


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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