RWE Aktiengesellschaft (RWEOY) Q1 2026 Earnings Call May 13, 2026 7:00 AM EDT
Company Participants
Thomas Denny - Head of Investor Relations
Michael Muller - CFO & Member of Executive Board
Conference Call Participants
Ahmed Farman - Jefferies LLC, Research Division
Deepa Venkateswaran - Bernstein Institutional Services LLC, Research Division
Alberto Gandolfi - Goldman Sachs Group, Inc., Research Division
Pavan Mahbubani - JPMorgan Chase & Co, Research Division
Harry Wyburd - BNP Paribas, Research Division
Wierzbicka Serwinowska - UBS Investment Bank, Research Division
Peter Bisztyga - BofA Securities, Research Division
Robert Pulleyn - Morgan Stanley, Research Division
Louis Boujard - ODDO BHF Corporate & Markets, Research Division
Olly Jeffery - Deutsche Bank AG, Research Division
Piotr Dzieciolowski - Citigroup Inc., Research Division
Presentation
Operator
Welcome to the RWE Conference Call. Michael Muller, CFO of RWE AG, will inform you about the developments in the first quarter of fiscal year 2026. I will now hand over to Thomas Denny. Please go ahead.
Thomas Denny
Head of Investor Relations
Good afternoon from Essen, and thank you for joining the RWE Q1 Investor and Analyst Conference Call today. Our CFO, Michael Muller, will guide you through our key highlights and the financial performance of the first quarter as well as the outlook for the current year.
And with this, let me hand over to you, Michael.
Michael Muller
CFO & Member of Executive Board
Yes. Thanks, Thomas, and good afternoon to all of you. We had a good start into 2026. Adjusted EBITDA stood at EUR 1.6 billion and adjusted net income at EUR 600 million on the back of a strong financial performance. Earnings per share was EUR 0.85, 25% up year-on-year. We have already achieved 33% of our full year adjusted EPS guidance. And thus, we confirm our guidance and we are now even more confident of achieving our targets. All of our Offshore Wind projects under construction are on budget and on
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