Finance
Energy Trader Danske Commodities' Profit Down 52% Last Year on Lower Volatility
Published by Global Banking & Finance Review®
Posted on April 16, 2026
2 min readLast updated: April 16, 2026
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Quick Summary
Energy trader Danske Commodities saw its full‑year adjusted earnings before tax fall 52% in 2025 to €186 million, weighed down by persistently low volatility and structurally weak gas markets, despite gains in power trading and renewables expansion.
Energy trader Danske Commodities' 2025 profit halves on lower volatility
Danske Commodities Reports Significant Profit Drop Amid Market Conditions
By Nora Buli
2025 Financial Results and Performance Overview
OSLO, April 16 (Reuters) - Danish energy trader Danske Commodities reported on Thursday a larger-than-forecast 52% drop in profit for 2025, citing low volatility and structurally challenged gas markets.
Danske Commodities, owned by Norwegian oil and gas producer Equinor, posted full-year adjusted earnings before tax of 88 million euros ($103.88 million), down from 186 million euros in 2024.
This was below its guided range for earnings before tax of between 100 million and 200 million euros.
CEO Statement and Market Analysis
"The year was characterised by low-volatility markets, which was partly offset by strong performance in power trading and asset management," CEO Jakob Soerensen said in a statement.
Higher volatility never materialised, with both gas and power prices staying relatively calm throughout the year, he added.
Asset Growth and Future Outlook
At the same time, the company grew its portfolio of wind, solar and flexible assets by 2 gigawatts (GW) year-on-year, to 16 GW in 2025, the company said.
While markets should remain structurally tighter, volatility is expected to increase compared to 2025 due to the conflict in the Middle East, Danske Commodities said while forecasting 2026 earnings within a 50-100 million euros range.
Adapting to Geopolitical Events
The company had swiftly adapted to the changes in energy markets caused by the recent geopolitical events, Soerensen said.
"This has meant a good financial start to the new year,” he added.
Additional Information
($1 = 0.8471 euros)
(Reporting by Nora Buli; Editing by Terje Solsvik and Muralikumar Anantharaman)
Key Takeaways
- •Adjusted earnings before tax dropped to €186 million in 2025, down 52% from the prior year, reflecting a volatile‑poor market environment and a struggling gas business.
- •The decline was mitigated by strong power trading and asset management performance, alongside growth in its renewables portfolio to 16 GW.
- •Danske Commodities, fully owned by Equinor, had projected 2025 earnings between €100–200 million and delivered within that range, highlighting resilience amid challenging conditions.
Frequently Asked Questions about Energy trader Danske Commodities' profit down 52% last year on lower volatility
1Why did Danske Commodities' profit fall in 2025?
The profit fell due to low market volatility and structurally challenged gas markets.
2How much did Danske Commodities earn before tax in 2025?
Danske Commodities posted full-year adjusted earnings before tax of 186 million euros.
3Who owns Danske Commodities?
Danske Commodities is owned by Norwegian oil and gas producer Equinor.
4How did Danske Commodities' asset portfolio change in 2025?
The company grew its portfolio of wind, solar, and flexible assets by 2 GW to 16 GW.
5What helped offset the profit decline for Danske Commodities?
Strong performance in power trading and asset management partly offset the decline.
