Alerion Clean Power (ARN) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue and EBITDA increased YoY, supported by higher electricity production and selling prices; growth was partly offset by the Eolica PM disposal and hedging impacts.

• Gross installed capacity reached 1,110.4 MW at September 30, 2026, up 139.9 MW before accounting for the 51.8 MW Eolica PM disposal.

Financial highlights

• Total revenue was €121.8m, up 7.9% from €112.9m in 9M 2025; operating revenue rose 14.0% to €108.7m from €95.4m.

• EBITDA was €78.3m, up 6.2% YoY from €73.7m, reflecting higher operating revenue despite the smaller consolidation perimeter.

• Hedging contracts on part of production had a negative €2.4m impact on electricity sales revenue in 9M 2026.

Outlook and guidance

• A new industrial plan is being prepared, with market presentation expected by Q1 2027; it will set strategic priorities in light of changes in the international energy landscape.

• Strategy is expected to combine renewable generation and equity recycling with new BESS and data-center initiatives to diversify revenue and support sustainable medium- to long-term growth.