Logotype for RWE Aktiengesellschaft

RWE (RWE) investor relations material

RWE Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for RWE Aktiengesellschaft
Q2 2025 earnings summary14 Aug, 2025

Executive summary

  • Delivered strong H1 2025 financial performance with €2.1bn adjusted EBITDA, despite weak wind and low trading; on track for full-year guidance.

  • Construction program advancing with 11.2 GW under construction and over 3 GW to be commissioned in H2, mainly onshore wind, solar, and batteries.

  • Offshore construction projects remain on schedule, with investment frameworks improving in core markets (UK, Germany, US).

  • Disciplined capital allocation, ongoing €1.5bn share buyback, and dividend growth support attractive shareholder returns.

  • Investment plans reduced by €10bn through 2030, and required rate of return for new projects raised to over 8.5%.

Financial highlights

  • Adjusted EBITDA for H1 2025: €2.1bn; adjusted net income: €775–800m; adjusted EPS: €1.1, reaching 50% of full-year guidance midpoint.

  • Offshore Wind adjusted EBITDA: €643m, down year-over-year due to lower wind speeds and hedge prices.

  • Onshore Wind/Solar EBITDA: €830m, up €100m YoY, driven by US capacity additions and new asset commissioning.

  • Flexible Generation EBITDA: €595m, down €419m YoY, reflecting normalized prices and lower margins.

  • Net debt at €15.5bn, up €4.3bn since year-end 2024; free cash flow negative at -€6.6bn, impacted by investments and working capital.

Outlook and guidance

  • Full-year 2025 guidance confirmed: adjusted EBITDA €4.55–5.15bn, adjusted net income €1.3–1.8bn, adjusted EPS €1.8–2.5.

  • Dividend for 2025 projected at €1.20 per share, marking a third consecutive annual increase; annual dividend growth of 5–10% targeted.

  • EPS CAGR of 18% targeted through 2030; share buyback program of €1.5bn to be completed by May 2026.

  • Leverage factor expected to remain below 3.0 cap despite higher net debt.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next RWE earnings date

Logotype for RWE Aktiengesellschaft
Q3 202512 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next RWE earnings date

Logotype for RWE Aktiengesellschaft
Q3 202512 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

German Energy Giant

RWE AG is a major electricity and gas company headquartered in Essen, Germany. Established in the late 19th century, it has grown from a regional utility to a multinational energy corporation. RWE operates across various segments of the energy sector, including the production, distribution, and trading of electricity and gas. With a diverse energy portfolio, the company possesses both conventional and renewable energy assets. As one of Europe's leading energy companies, RWE has an expansive reach, serving millions of customers both in Germany and outside the borders of their home country.

An Important Part of German Infrastructure

RWE AG traces its roots back to the late 19th century in Germany. Founded in 1898 as "Rheinisch-Westfälisches Elektrizitätswerk AG", RWE began as a regional utility company. Over the decades, it expanded its operations, consolidating its position in the German and European energy sectors. Throughout the 20th century, RWE played a crucial role in the energy supply and infrastructure development of post-war Germany. The company diversified its energy portfolio by engaging in both electricity production and gas distribution and was part of setting up Germany’s first nuclear power plant. Key acquisitions and mergers have been a key part of its growth trajectory, aiding in transforming RWE into a multinational energy giant.

Operations in the Present Day

RWE AG, as of today, stands as one of Europe's leading energy companies, with operations spanning electricity generation, trading, and distribution. The company has a diversified portfolio that includes conventional power generation from coal, gas, and nuclear sources, as well as a growing emphasis on renewable energies such as wind, solar, and hydro. Moreover, RWE plays a significant role in the energy trading markets, optimizing the supply and demand balance across various regions. Additionally, through its vast network, RWE ensures the supply of electricity and gas to millions of customers, both residential and industrial. As the energy sector evolves towards more sustainable sources, RWE is also involved in research and development initiatives to enhance grid solutions and storage technologies.

Adapting With the Times

Like other companies operating in the same industry, such as Uniper, Engie, and TotalEnergies RWE proactively navigates the energy transition by expanding its focus on renewable energy sources. Recognizing the global shift towards sustainability, the company is investing substantially in wind, solar, and hydroelectric power. Additionally, RWE is exploring storage solutions to address the intermittency issues associated with renewables.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage