RWE Sticks to Full-Year Outlook After Earnings Drop

By Aimee Look

RWE reaffirmed its outlook for the year after posting a drop in earnings for the first nine months.

The German energy company on Wednesday posted a fall in adjusted earnings before interest, taxes, depreciation and amortization to 3.48 billion euros ($4.03 billion) from 3.98 billion euros in the same period a year prior. Analysts had expected adjusted Ebitda of 3.14 billion euros, according to company-compiled estimates.

Adjusted earnings before interest and taxes came to 1.94 billion euros compared with 2.51 billion euros the year prior and analysts' expectations of 1.58 billion euros.

The group's adjusted net income was 1.29 billion euros, while analysts expected it to be around 979 million euros.

Its offshore wind segment posted 915 million euros in adjusted Ebitda, down from 1.08 billion euros the year before, which the company attributed to a deterioration in wind conditions compared to last year.

RWE said it was sticking to its expectations for the full year. At its half-year results, the company had said it expected 2025 adjusted Ebitda of between 4.55 billion and 5.15 billion euros and adjusted EBIT of between 2.35 billion and 2.95 billion euros. Adjusted net income is expected in a range of 1.3 billion to 1.8 billion euros.

Write to Aimee Look at aimee.look@wsj.com