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ENGIE 9M 2026 Results

Published on November 5, 2026

Certified with
  • Strong financial performance driven by good operational execution
  • Full-year 2026 results expected in the upper end of the guidance range

Business highlights

Financial performance

  • Strong Renewables & BESS activity, with 60.2 GW of installed capacity and 6.6 GW under construction at end of September 2026
  • Over 3 GW of PPAs signed in the first nine months
  • More than 10 GW of storage capacity in operation and under construction worldwide
  • EBIT contribution of €452m from UK Power Networks since May 2026
  • Deadline extended to 12 December 2026 to conclude the Heads of Terms regarding the potential acquisition of the nuclear activities by the Belgian State
  • EBIT excluding Nuclear of €7.0bn, up 9.7 % on a published basis including UKPN and up 3.3% organically
  • In the 3rd quarter, EBIT excluding Nuclear increased by 10.9% organically
  • Strong contribution of c.€400m from the performance plan
  • Solid cash generation with CFFO[1] at €7.5bn
  • Economic net debt of €62.5bn and economic net debt/EBITDA ratio at 4.2x, with only five months of consolidation of UK Power Networks
  • FY 2026 NRIgs[2] now expected in the upper end of the range of €4.9 - €5.5bn


Catherine MacGregor, CEO, said: “ENGIE delivered solid results in the first nine months of the year, with significant organic growth in the last two quarters, now further supported by the contribution from UK Power Networks. At a time when energy is more than ever central to sovereignty and competitiveness, we contribute to the energy security of our customers and of many of the countries in which we operate, drawing on the complementary strengths of our businesses, our infrastructure and our energy supplies.

We continue to deliver our renewable energy and storage projects with the same discipline, and have accelerated the development of our European battery portfolio. Our commercial momentum remains strong, with more than 
3 GW of PPAs signed since the beginning of the year.

Despite a volatile macroeconomic environment, the strength of our business model, the quality of our results, the continued disciplined deployment of capital at pace and the strong contribution from our performance plan enable us to keep delivering short term and long term our agenda of growth and value creation.”
 


[1] Cash Flow From Operations: Free Cash Flow before maintenance Capex and nuclear phase-out expenses

[2] Net recurring income Group share

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