)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Ørsted
Ørsted (ORSTED) investor relations material
Ørsted Pre-Close Call Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Pre-Close Call Presentation summary8 Oct, 2026
Q3 2026 performance reminders
FY 2026 EBITDA guidance, excluding new partnerships and cancellation fees, remains above DKK 28bn; segment outlook is higher for Offshore, in line for Onshore and lower for Bioenergy & Other.
Offshore generation capacity was 5.9 GW in Q2 2026; Revolution Wind and Greater Changhua 2b & 4 were expected to ramp up in Q3, while subsidy step-downs affected 517 MW.
Q3 2026 offshore and US onshore wind speeds were around portfolio norms; European onshore transactions reduced installed capacity by ~0.6 GW, while Badger Wind and Old 300 BESS added 509 MW during 2026.
Bioenergy & Other earnings are structurally higher in Q1 and Q4 than in Q2 and Q3 due to seasonality.
Impairments and sensitivities
The 10-year US Treasury yield rose ~75 bps in Q3 2026; using disclosed Q2 sensitivity, this would imply DKK 3.5bn of additional non-cash impairments, all else equal.
Q2 2026 net impairment losses were DKK 1.2bn, mainly from higher long-dated US interest rates affecting US offshore projects.
US metal tariffs reached up to 50% on some components; tariff estimates caused no further impairments in H1 2026 versus assumptions at 31 December 2025.
Targets and financial policies
Financial outlook for 2026: EBITDA excluding new partnerships and cancellation fees above DKK 28bn; gross investments of DKK 50–55bn.
Strategic targets include 150–300 bps fully loaded unlevered lifecycle spread to WACC and EBITDA above DKK 32bn in 2027.
Gross investments target is DKK 145bn for 2025–2027; divestment proceeds target is above DKK 35bn for 2025–2026.
Average ROCE targets are -11% in 2026–2027 and above 13% in 2028–2030; financial policies include FFO to adjusted net debt above 30% and dividend reinstatement for FY 2026.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Ørsted
- H1 2026 EBITDA up, revenue rises 28%, profit drops on impairments; 2026 outlook reaffirmed.ORSTED
Q2 2026 - EBITDA set to exceed DKK 28 bn in 2026, with major divestments and improved ROCE outlook.ORSTEDPre-Close Call Presentation
- EBITDA to surpass DKK 28 bn in 2026, with major investments and US-driven impairments.ORSTEDPre-Close Call Presentation
- Q1 2026 delivered 11% EBITDA growth and strong offshore wind, despite profit drop from impairments.ORSTEDQ1 2026
- Key AGM resolutions passed; offshore wind strategy continued amid U.S. delays.ORSTEDAGM 2026
- 2025 EBITDA reached DKK 25.1bn, balance sheet strengthened, and 2026 EBITDA set to exceed DKK 28bn.ORSTEDQ4 2025
- EBITDA up to DKK 9.5bn in Q3, with strong offshore growth and narrowed 2024 guidance.ORSTEDQ3 2024
- Value-focused refocus, U.S. impairments and no FY2024 dividend; key AGM items approved.ORSTEDAGM 2025
- 2024 EBITDA hit DKK 24.8bn; 2025 outlook focuses on value and capital discipline after U.S. setbacks.ORSTEDQ4 2024
Next Ørsted earnings date
Q3 20265 Nov, 2026
Ørsted
Next Ørsted earnings date
Q3 20265 Nov, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Danish Renewable Energy
Ørsted AS, headquartered in Denmark, is a multinational power company that primarily specializes in renewable energy. It was established in 1972 and originally focused on oil and gas exploration, but in recent years the company has undergone a significant transition and is now a leader in offshore wind power. Apart from wind energy, Ørsted also invests in other sustainable energy technologies, including bioenergy and green hydrogen solutions. Today, Ørsted operates internationally, with numerous offshore wind farms and bioenergy plants across various regions.
The Winds of Change
Ørsted was founded in 1972 as "Dansk Naturgas A/S" with a primary focus on oil and gas. Over the years, the company has undergone numerous transformations and rebrandings, the most significant of which took place in 2017 when the company changed its name from DONG Energy to Ørsted. This shift also marked a strategic pivot away from oil and gas towards a fully-fledged focus on green energy.
Ørsted has become a key player in the offshore wind industry. With the aim of contributing to a world that runs entirely on green energy, Ørsted is responsible for some of the world’s largest offshore wind farms. The company has a considerable amount of installed wind energy capacity and is developing a robust pipeline of projects across Europe, North America, and Asia.
Beyond Wind Energy
Aside from wind energy, Ørsted has also diversified and moved into bioenergy and green hydrogen and the company operates a number of bioenergy plants and waste-to-energy facilities. In terms of green hydrogen, Ørsted is exploring how this renewable form of hydrogen, produced using wind and water, can contribute to the decarbonization of sectors that cannot directly use electricity, such as heavy transport and industry.
Driving Change
In the Nordic energy sector, Ørsted stands out as a pioneering company, with its ambitious green transformation being a testament to its innovative approach. With the global push towards decarbonization, Ørsted is well-positioned to leverage its expertise in renewable energy development and play a significant role in the future energy landscape as we move towards depending more and more on renewables. Europe is a hotspot for green energy with companies like Ørsted, Vestas, and Iberdrola being important players. In the US, NextEra is one of the energy providers leading the charge toward a greener future.