E.ON SE

E.ON SE reported strong first-half 2026 results, with adjusted EBITDA of EUR5.4 billion and adjusted net income of EUR1.9 billion, up around 5% year-over-year. The company confirmed its full-year investment guidance of around EUR8.7 billion, with H1 capital expenditures at around 34% of that total. Energy Infrastructure Solutions delivered 19% earnings growth, while Energy Networks was broadly stable and Energy Retail saw a slight decrease due to the deconsolidation of NEW in Germany. Economic net debt rose to EUR46.7 billion, reflecting seasonal patterns, dividend payments, and continued investment. Management highlighted robust grid connection demand, with battery storage connection requests up over 30% and commitments reaching 26 gigawatts, and noted that the midpoint of full-year guidance remains the best estimate.

European stocks closed firmly higher on Friday as concerns over Middle East tensions eased and a smaller-than-expected rise in U.S. non-farm payrolls fueled hopes the Federal Reserve will not tighten monetary policy soon. The pan-European Stoxx 600 gained 0.68%, while Germany's DAX hit a new all-time high, rising 0.78%, and France's CAC 40 climbed 0.39% to its best level since February 2026. The UK's FTSE 100 added 0.25% and Switzerland's SMI closed 0.5% higher. Among individual movers, ArcelorMittal surged nearly 6% in Paris, E.ON jumped almost 4.5% in Frankfurt, and Stellantis shed nearly 4% in Paris. Final PMI data showed the eurozone private sector stabilized in June with a composite output index of 50.0, while the UK composite PMI fell to 49.3, marking a second month of contraction.