Drax Improves Profit Guidance After Heatwave Boosts Demand
6 Articles
6 Articles
UK's Drax lifts 2026 profit outlook as heatwave boosts power demand
Drax improves profit guidance after heatwave boosts demand
Drax group chief executive Will Gardiner said strong recent trading continued into the second half of 2026.
Drax raises profit outlook after heatwave drives demand for power - London Business News
UK power generator Drax has raised its profit outlook for 2026 after demand for electricity increased during this summer’s heatwave, sending shares in the FTSE 250 group higher. Drax said… The post Drax raises profit outlook after heatwave drives demand for power appeared first on London Business News
Drax Upgrades 2026 EBITDA Outlook After Strong Trading And BSIF Acquisition
Drax expects 2026 adjusted EBITDA to be around the top of the £680–711 million consensus range, following strong operational performance and the completion of its £561 million acquisition of Bluefield Solar Income Fund.
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