Statkraft Q2 2026 results
Analysis based on 7 articles · First reported Jul 21, 2026 · Last updated Jul 21, 2026
Statkraft's strong operational performance and strategic progress signal improved competitiveness and disciplined capital allocation, which may positively influence investor sentiment toward the renewable energy sector. However, the high Norwegian resource rent tax continues to weigh on net profitability, potentially limiting upside for the stock.
Statkraft reported strong second-quarter 2026 results on 21 July 2026, driven by significantly higher Nordic power prices. Underlying EBITDA rose to NOK 6.6 billion from NOK 4.5 billion a year earlier, while profit before tax turned positive at NOK 2.1 billion. Net profit remained negative at NOK -1.5 billion due to a high resource rent tax in Norway (effective tax rate 171%). Strategic divestments were completed, including a merger of fast-charging companies with Eviny. Statkraft made several new investment decisions across hydropower, wind, solar, and gas-fired plants in Norway, Germany, the UK, Republic of Ireland, Peru, and Brazil, totaling over 600 MW of new renewable capacity. The company also submitted three licence applications in Norway and aims for seven by year-end. Impairments of NOK 1.8 billion were recorded, partly offset by a reversal in Sweden. Net interest-bearing debt decreased to NOK 39.2 billion, and ROACE improved to 14.0%.
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