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    3. >Norway's Statkraft posts higher Q4 core earnings
    Finance

    Norway's statkraft posts higher Q4 core earnings

    Published by Global Banking & Finance Review®

    Posted on March 5, 2026

    2 min read

    Last updated: March 5, 2026

    Norway's Statkraft posts higher Q4 core earnings - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Statkraft’s underlying Q4 2025 EBITDA rose 17% year‑on‑year to NOK 8.3 billion, supported by record fourth‑quarter power generation of 19.4 TWh and higher Nordic power prices, while strategic divestments trimmed net debt by NOK 12 billion.

    Statkraft Q4 Core Earnings Up 17% Amid Higher Power Prices and Generation

    Statkraft Reports Strong Fourth Quarter Performance

    Increase in Core Profit and Power Generation

    OSLO, March 5 (Reuters) - Statkraft, Norway's biggest utility, said on Thursday its underlying core profit rose by 17% year-on-year in the fourth quarter, citing higher power prices and record electricity generation.

    Financial Results and EBITDA Growth

    The state-owned company's October-December underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 8.3 billion Norwegian crowns ($859.64 million) from 7.1 billion crowns a year earlier, the report showed.

    Debt Reduction and Financial Flexibility

    By selling a range of businesses, the company has reduced its net debt by 12 billion crowns and strengthened its financial flexibility and competitiveness, it said.

    Strategic Divestments and Cost Reductions

    "We have now largely completed our planned divestments of non-core assets and are on track with our cost reductions," CEO Birgitte Ringstad Vartdal said in a statement.

    Power Generation and Market Context

    Record Power Generation

    Power generation rose to 19.4 terawatt hours (TWh) from 19.3 TWh in the fourth quarter of 2024, Statkraft said.

    Currency Exchange Rate

    ($1 = 9.6552 Norwegian crowns)

    Reporting Credits

    (Reporting by Nora Buli, editing by Terje Solsvik)

    References

    • Strong fourth quarter results and record-high production

    Table of Contents

    • Statkraft Reports Strong Fourth Quarter Performance

    Key Takeaways

    • •Underlying Q4 EBITDA reached NOK 8.3 billion, up from NOK 7.1 billion the prior year, driven by elevated Nordic power prices and historic fourth‑quarter generation of 19.4 TWh (globenewswire.com).
    • •Net debt was reduced by NOK 12 billion through targeted divestments of non‑core assets, enhancing financial flexibility and competitiveness (globenewswire.com).

    Frequently Asked Questions about Norway's Statkraft posts higher Q4 core earnings

    1What drove Statkraft's Q4 core earnings increase?

    Higher power prices and record electricity generation contributed to the 17% rise in Statkraft's Q4 core earnings.

    2How much did Statkraft's EBITDA grow in the fourth quarter?

    Statkraft's underlying EBITDA rose to 8.3 billion Norwegian crowns from 7.1 billion crowns a year earlier.

    Increase in Core Profit and Power Generation
  • Financial Results and EBITDA Growth
  • Debt Reduction and Financial Flexibility
  • Strategic Divestments and Cost Reductions
  • Power Generation and Market Context
  • Record Power Generation
  • Currency Exchange Rate
  • Reporting Credits
  • •Statkraft recorded its highest ever Q4 electricity output, reinforcing its operational strength heading into 2026 (globenewswire.com).
    • 3How has Statkraft improved its financial flexibility?

    Statkraft improved financial flexibility by reducing net debt by 12 billion crowns through selling non-core businesses.

    4What was Statkraft's power generation in Q4?

    Power generation increased to 19.4 terawatt hours (TWh) from 19.3 TWh in the fourth quarter.

    5What cost management actions has Statkraft taken recently?

    Statkraft has largely completed planned divestments of non-core assets and is on track with cost reductions.

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