RWE announced that its earnings before interest, tax, depreciation and amortisation (EBITDA) for the first six months of 2026 were €1 billion higher than in the first six months of 2025.
Drivers of the increase
The German group attributed the rise to several factors. Volatile electricity, oil and gas prices lifted revenue from its power-generation assets. Strong wind conditions across Europe boosted output from its renewable portfolio. Compensation payments from the Netherlands and the ongoing rollout of new green capacity added further profit.
RWE's chief executive Markus Krebber said the company's mix of renewables, flexible generation, storage, trading and grid assets allowed it to benefit from rising global electricity demand.
Implications for European utilities
The result highlights how utilities that combine traditional generation with flexible, low-carbon assets can turn market turbulence into earnings growth. Analysts see the performance as a signal that diversified business models may become a competitive advantage as Europe's energy transition accelerates.
| Metric | Value | Period compared |
|---|---|---|
| EBITDA increase | €1 billion | first six months 2026 compared with first six months 2025 |
The earnings release was published in early August 2026 and was summarised by Handelsblatt on 13 August 2026. RWE will report its second-half results later this year, which will show whether the favourable conditions persist as European markets adjust to tighter supply and higher carbon prices.