Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: €1.17 (vs €1.58 in 3Q 2024) Third quarter 2025 results: EPS: €1.17 (down from €1.58 in 3Q 2024). Revenue: €3.21b (down 32% from 3Q 2024). Net income: €846.0m (down 28% from 3Q 2024). Profit margin: 26% (up from 25% in 3Q 2024). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Renewable Energy industry in Europe. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €43.31, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Renewable Energy industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €27.12 per share. Announcement • Mar 25
Elliott Investment Management Urges RWE Aktiengesellschaft to Increase and Accelerate Share Buyback Program On March 24, 2025, Elliott Investment Management LP announced its push for RWE Aktiengesellschaft to ramp up its share buyback program following a cut in its investment strategy. Announcement • Mar 14
RWE Reportedly Seeks Buyers for Amprion Stake RWE Aktiengesellschaft (XTRA:RWE) is initiating the first bidding round to sell its stake in local power grid operator Amprion GmbH, German paper Handelsblatt reported on March 13, 2025, citing people familiar with the matter. According to analysts’ estimate previously published by Reuters, the shareholding could be worth about EUR 1.6 billion ($1.73 billion). Handelsblatt said non-binding bids are to be submitted initially. A few weeks later, a second round with binding offers could follow. Sovereign wealth funds and pension funds are seen as possible buyers, including funds from Canada, Norway, or the Netherlands. The Qatari sovereign wealth fund Qatar Investment Authority (QIA) is also considered a potential candidate. In theory, the German state-owned development bank KfW, which belongs to the federal government, could also be an option. Amprion is 25.1% owned by RWE and 74.9% by investment company M31. The grid company operates an extra-high-voltage network of 11,000 kilometers, spanning from the North Sea to the Alps. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: €2.81 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €2.81 (up from €0.53 in 2Q 2023). Revenue: €5.34b (down 18% from 2Q 2023). Net income: €2.09b (up 431% from 2Q 2023). Profit margin: 39% (up from 6.0% in 2Q 2023). Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 6.8%. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: €2.81 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €2.81 (up from €0.53 in 2Q 2023). Revenue: €5.34b (down 18% from 2Q 2023). Net income: €2.09b (up 431% from 2Q 2023). Profit margin: 39% (up from 6.0% in 2Q 2023). Revenue is expected to decline by 2.8% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 6.8%. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: €2.81 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €2.81 (up from €0.53 in 2Q 2023). Revenue: €5.34b (down 18% from 2Q 2023). Net income: €2.09b (up 431% from 2Q 2023). Profit margin: 39% (up from 6.0% in 2Q 2023). Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 6.8%. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: €2.81 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €2.81 (up from €0.53 in 2Q 2023). Revenue: €5.34b (down 18% from 2Q 2023). Net income: €2.09b (up 431% from 2Q 2023). Profit margin: 39% (up from 6.0% in 2Q 2023). Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 6.8%. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: €2.81 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €2.81 (up from €0.53 in 2Q 2023). Revenue: €5.34b (down 18% from 2Q 2023). Net income: €2.09b (up 431% from 2Q 2023). Profit margin: 39% (up from 6.0% in 2Q 2023). Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 6.8%. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: €2.81 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €2.81 (up from €0.53 in 2Q 2023). Revenue: €5.34b (down 18% from 2Q 2023). Net income: €2.09b (up 431% from 2Q 2023). Profit margin: 39% (up from 6.0% in 2Q 2023). Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 6.8%. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: €2.81 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €2.81 (up from €0.53 in 2Q 2023). Revenue: €5.34b (down 18% from 2Q 2023). Net income: €2.09b (up 431% from 2Q 2023). Profit margin: 39% (up from 6.0% in 2Q 2023). Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 7.1%. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: €2.81 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €2.81 (up from €0.53 in 2Q 2023). Revenue: €5.34b (down 18% from 2Q 2023). Net income: €2.09b (up 431% from 2Q 2023). Profit margin: 39% (up from 6.0% in 2Q 2023). Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 7.1%. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: €2.81 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €2.81 (up from €0.53 in 2Q 2023). Revenue: €5.34b (down 18% from 2Q 2023). Net income: €2.09b (up 431% from 2Q 2023). Profit margin: 39% (up from 6.0% in 2Q 2023). Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 7.1%. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: €2.81 (vs €0.53 in 2Q 2023) Second quarter 2024 results: EPS: €2.81 (up from €0.53 in 2Q 2023). Revenue: €4.59b (down 16% from 2Q 2023). Net income: €2.09b (up 430% from 2Q 2023). Profit margin: 46% (up from 7.2% in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.7% growth forecast for the Renewable Energy industry in Europe. Announcement • Aug 15
RWE Aktiengesellschaft (XTRA:RWE) announces an Equity Buyback for €25 million worth of its shares. RWE Aktiengesellschaft (XTRA:RWE) announces a share repurchase program. Under the program, the company will repurchase €25 million worth of its shares. The program serves the sole purpose of meeting obligations arising from an employee share program. The purchase price shall not exceed the higher of the last independent transaction and the current highest bid on the trading platform on which the acquisition is made. The program is valid till November 19, 2024. New Risk • Jun 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.01% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 0.01% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • May 08
RWE Reportedly Explores Options for Amprion Stake RWE Aktiengesellschaft (XTRA:RWE) is considering the option of selling its 25.1% stake in local power grid operator Amprion GmbH, German paper Handelsblatt reported on May 7, 2024. A sales process could possibly start later in 2024, the paper said, citing insiders. When contacted by Handelsblatt, RWE's spokesperson said: ‘Given the high capital requirements for grid expansion, we are currently examining various options and financing possibilities regarding our stake in Amprion.’ A potential buyer of RWE’s stake could be the German state. The government already owns shareholdings in transmission system operators 50 Hertz and TransnetBW and is in discussions to acquire the German operations of Dutch state-owned Tennet Holding BV. Announcement • Apr 09
RWE Aktiengesellschaft to Report Nine Months, 2024 Results on Nov 13, 2024 RWE Aktiengesellschaft announced that they will report nine months, 2024 results on Nov 13, 2024 Announcement • Nov 14
RWE Aktiengesellschaft, Annual General Meeting, May 03, 2024 RWE Aktiengesellschaft, Annual General Meeting, May 03, 2024. Announcement • Oct 31
Equinor, RWE Reportedly to Place Joint Bid in Norwegian Offshore Tender Norwegian oil and gas group Equinor ASA (OB:EQNR) intends to take part in the bidding for Norway's Sorlige Nordsjo II area that could host up to 1.5 GW of offshore wind turbine capacity, according to a Reuters report. The bid will come from a partnership between Equinor and German energy major RWE AG (XTRA:RWE), the Norwegian group's CEO Anders Opedal has said on the sidelines of its third-quarter earnings presentation. Potentially, Soerlige Nordsjoe II could become home to wind farms with a combined capacity of between 1.4 GW and 1.5 GW. Bidding for the zone was initiated in March together with a tender for the Utsira Nord offshore wind area, which is temporarily on hold. Once completed, the two tenders will pave the way for the construction of the first large offshore wind parks in Norwegian waters. State support for the development of Soerlige Nordsjoe II stands at NOK 23 billion (USD 2.05 billion /EUR 1.94 billion). The level of financing was extended this summer in order to mitigate the effects of rising inflation and increased supply chain costs. The competition will be open for submissions by November 15, 2023 following a recent revision of the bidding deadline. Announcement • Sep 19
RWE Aktiengesellschaft to Report Fiscal Year 2023 Results on Mar 14, 2024 RWE Aktiengesellschaft announced that they will report fiscal year 2023 results at 9:00 AM, Central European Standard Time on Mar 14, 2024 Announcement • Aug 26
CEPS, a.s. signed an agreement to acquire Rwe Gas Storage Cz, s.r.o. from RWE Aktiengesellschaft (XTRA:RWE) for €360 million. CEPS, a.s. signed an agreement to acquire Rwe Gas Storage Cz, s.r.o. from RWE Aktiengesellschaft (XTRA:RWE) for €360 million on August 24, 2023. The subject of the sale is the company including the entire workforce, consisting of 250 employees. CEPS, a.s. will finance the purchase in the short term from the surplus of its own resources and will also use proceeds from cross border capacity auctions. The purchase was approved by the Government of the Czech Republic. The transaction is expected to be closed in 2023. Barclays PLC acted as financial advisor to RWE Aktiengesellschaft in the transaction. Announcement • Jun 30
RWE Appoints Thomas Michel as COO Offshore Wind, Effective September 1, 2023 RWE has appointed Dr Thomas Michel Chief Operating Officer (COO) of the company's Offshore Wind business as of 1 September 2023. Michel will take on responsibility for this newly created Board division as a very experienced manager who has worked at RWE for many years. The new board division has been set up in recognition of the growing number of offshore wind farms operated by RWE and to place even more management focus on the large projects under construction than before. Some of the upcoming tasks will include the construction and operation as well as engineering of RWE's offshore wind farms, and responsibility for Health, Safety, Security & Environment (HSSE). Thomas Michel has been working in the wind sector for almost 15 years. He has dedicated most of his career to ensuring the safe operation of offshore wind assets as well as the commissioning of new wind farms. These include RWE's offshore wind farm Kaskasi with 342 megawatts (MW) off the coast of Heligoland, as well as Triton Knoll. With capacity of 857 MW (RWE's share: 506 MW), Triton Knoll is the largest wind farm in operation thus far. Initially at E.ON, and then at RWE, Michel has been responsible for the operation and maintenance of the entire offshore wind fleet. Currently, the company has 19 offshore wind farms in operation in five countries, with a total installed capacity of 6.2 gigawatts (GW), with RWE holding a 3.3 GW share in these projects. Announcement • May 20
RWE Aktiengesellschaft to Report Q3, 2023 Results on Nov 14, 2023 RWE Aktiengesellschaft announced that they will report Q3, 2023 results on Nov 14, 2023 Announcement • May 11
Iberdrola Denies Plan to Acquire RWE Spanish power company Iberdrola, S.A. (BME:IBE) denied on Tuesday that it was looking into acquiring Germany’s biggest utility, RWE Aktiengesellschaft (XTRA:RWE), in a deal worth EUR 31 billion ($34.12 billion) as earlier reported by local media. Citing sources familiar with the matter, Spanish newspaper Okdiario said Iberdrola was working with JPMorgan Chase & Co. (NYSE:JPM) to “analyse the possibility” of acquiring RWE and the “advantages and disadvantages of the operation”. Asked by Reuters about a potential acquisition, a spokesperson for Iberdrola denied it. The deal, according to Okdiario, would take Iberdrola’s renewable energy business to new heights. RWE shares rose 1.67% on May 9, 2023. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: €3.93 (vs €1.07 in FY 2021) Full year 2022 results: EPS: €3.93 (up from €1.07 in FY 2021). Revenue: €38.4b (up 56% from FY 2021). Net income: €2.72b (up 277% from FY 2021). Profit margin: 7.1% (up from 2.9% in FY 2021). Revenue is expected to fall by 11% p.a. on average during the next 2 years compared to a 2.2% decline forecast for the Renewable Energy industry in Europe. Announcement • Feb 13
RWE Aktiengesellschaft to Report First Half, 2023 Results on Aug 10, 2023 RWE Aktiengesellschaft announced that they will report first half, 2023 results on Aug 10, 2023 Announcement • Feb 07
RWE Aktiengesellschaft to Report Fiscal Year 2022 Results on Mar 21, 2023 RWE Aktiengesellschaft announced that they will report fiscal year 2022 results on Mar 21, 2023 Announcement • Jan 26
RWE Aktiengesellschaft Announces Dividend Target for Fiscal Year 2022 RWE Aktiengesellschaft announced the dividend target remains at €0.90 per share for fiscal 2022. Announcement • Nov 14
RWE Aktiengesellschaft to Report Q1, 2023 Results on May 11, 2023 RWE Aktiengesellschaft announced that they will report Q1, 2023 results on May 11, 2023 Reported Earnings • May 14
First quarter 2022 earnings released: EPS: €3.20 (vs €1.32 in 1Q 2021) First quarter 2022 results: EPS: €3.20 (up from €1.32 in 1Q 2021). Revenue: €7.94b (up 69% from 1Q 2021). Net income: €2.17b (up 142% from 1Q 2021). Profit margin: 27% (up from 19% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 30% compared to a 1,918% growth forecast for the industry in Europe. Reported Earnings • Mar 15
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €1.07 (down from €1.22 in FY 2020). Revenue: €26.8b (up 94% from FY 2020). Net income: €721.0m (down 6.8% from FY 2020). Profit margin: 2.7% (down from 5.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 67%. Over the next year, revenue is expected to shrink by 42% compared to a 3.2% growth forecast for the industry in Europe. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €34.33, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Integrated Utilities industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €22.43 per share. 
