EDP Renewables reported recurring net profit of €439 million for the first nine months of 2026, up 133% from €189 million a year earlier, while reported net profit attributable to shareholders more than quadrupled to €440 million from €107 million. Gains from asset sales rose to €333 million from €59 million, supporting reported EBITDA growth of 46% to €2.03 billion; recurring EBITDA increased 23% to €1.73 billion, while underlying EBITDA excluding asset-sale gains rose approximately 4%. North American electricity generation increased 9% and electricity sales rose 10%. Total generation increased 2% to approximately 30.9 TWh, while installed renewable capacity reached about 20.5 GW. Operating cash flow rose 30% to approximately €1.15 billion, although net debt increased to €8.35 billion from €8.11 billion at the end of 2025. Organic cash flow climbed 74% to €795 million and capital expenditure fell 16% to €1.36 billion. The shares closed at €13.47 after gaining 3.22% ahead of the earnings announcement and were nearly 8% higher since the beginning of 2026, but remained below their 52-week high of €14.67. EDP said on Nov. 4 that CEO Miguel Stilwell d'Andrade plans to step down when his current mandate expires in 2027, prompting a succession process intended to prioritize strategic continuity. Investors will focus on the durability of earnings growth, the contribution from asset sales, debt levels and further U.S. expansion.