Enel stock: Nine-month profit rises as dividend outlook holds

Enel reported stronger nine-month results on November 12, as growth in Spain and the Americas more than offset weaker margins in Italy. The company also confirmed its 2026 outlook and approved an interim dividend.

According to the Enel Group's results release, revenue for the first nine months rose 8.9 percent to 65,022 million euros. Ordinary EBITDA increased 4.0 percent to 17,946 million euros, while group net ordinary income rose 6 percent to 6,018 million euros.

International Growth Offsets Italy

Enel said the performance of its grid businesses in Spain and Latin America was the main growth driver. Lower average prices for residential and small-business customers in Italy, along with reduced hydro generation caused by lower water availability, weighed on margins.

The board approved an interim dividend of 0.245 euros per share, payable from January 20, 2027. Enel also confirmed its 2026 forecast for ordinary EBITDA of between 23.1 billion and 23.6 billion euros and group net ordinary income of between 7.1 billion and 7.3 billion euros.

On November 9, Enel and Leonardo signed a memorandum of understanding covering potential cooperation in energy products, sustainable mobility, security, digitalization and satellite communications. The Enel Group announcement said the companies intend to explore solutions for energy flexibility, infrastructure security and industrial competitiveness.

Enel stock traded at 9.92 euros on Lang & Schwarz at 11:24 CET on Saturday, November 14.

European markets remain a broader reference point for investors following Italian utilities. See Current market reports.

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