Grenergy Renovables, S.A. (GRE) Earnings Call Transcripts

Grenergy Renovables, S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Grenergy Renovables, S.A. (GRE:ES) reported significant growth, driven by its expanding Oasis platform and strategic investments in the U.S. and Europe. The company achieved revenues of EUR 132.5 million, a 59% increase year-over-year, while net profit was positively impacted by foreign exchange gains. Management has raised its CapEx guidance to EUR 3.7 billion for 2026-2028, emphasizing a diversified investment strategy with a focus on storage and hybrid projects. The outlook remains strong, with a target of 5 terawatt hours per year of energy contracted by 2028, more than double the current volume.

Reported metrics

Guidance from management

Management confirmed the 2027 EBITDA guidance and emphasized a strong pipeline of projects leading to an expected increase in contracted energy volumes to 5 terawatt hours by 2028. They indicated that the investment plan is fully funded and focused on strategic growth in both Europe and the U.S.

What management said

Okay. Good morning to everyone. Welcome to our first quarter 2026 results presentation and investment plan update. I am Ruben Gomez, Head of Investor Relations, and the speaker today are going to be David Ruiz, our CEO; Mercedes Español, our Chief of M&A and Development; Daniel Barman, our Chief of Energy; Emi Takehara, our CFO; Daniel Lozano, Chief of Strategy and Capital Markets; and Maria Rodriguez, Director of Su...

Thank you very much for the presentation. Now let's move to the Q&A session. First, we will take the questions from sell-side analysts in the room and those joining us virtual. Please try to ask one question per participant. Okay. Flora from Caixa Banco.

What analysts pressed on

Analysts expressed concerns regarding the timeline for the data center unit's cash flow and its impact on overall performance. There were also questions about the expected returns from the new projects and the rationale behind the diversified CapEx strategy across different regions.

Main topics on the call

• Revenue Growth Acceleration — Grenergy reported revenues of EUR 132.5 million, a 59% increase compared to the previous year. This growth is attributed to the successful execution of projects and a strong pipeline, with management stating, "We have be...
• Increased CapEx Guidance — Management raised the CapEx plan to EUR 3.7 billion for 2026-2028, up from EUR 3.5 billion previously. CEO David Ruiz noted, "We are investing EUR 1.5 billion more in 2028," indicating a strategic shift towards diversifi...
• Expansion of Oasis Platform — The Oasis platform has grown to 5 gigawatts and 22 gigawatt hours of storage, a fivefold increase in 2.5 years. Mercedes Español highlighted, "Oasis has grown fivefold in 2.5 years, as David mentioned earlier," showcasin...
• Strategic Partnerships and Market Positioning — Grenergy is forming strategic partnerships with key players like CATL and BYD, enhancing its competitive position. The CEO emphasized, "We are right at the heart of the energy transition," indicating strong market moment...

Read the full Grenergy Renovables, S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 14 Grenergy Renovables, S.A. earnings call transcripts on record, spanning November 21, 2022 to May 27, 2026. Based on this history, Grenergy Renovables, S.A. reports quarterly. The most recent call on file is dated May 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GRE

Exchange

BME

Country

ES

Sector

Utilities

Industry

Independent Power and Renewable Electricity Producers

Calls on record

14

First call

November 21, 2022

Most recent

May 27, 2026

Reporting cadence

quarterly