EarningsQ2 2026 Earnings Report
STECF Q2 2026 EPS Results
Actual EPS-$0.04
Consensus EPS$0.06
Beat/MissMissed by -$0.10
One Year Ago EPS$0.18
STECF Q2 2026 Revenue Results
Actual Revenue$129.71M
Expected Revenue$244.88M
Beat/MissMissed by -$115.17M
YoY Revenue Growth+27.70%
Earnings Announcement Details
QuarterQ2 2026
Date08/21/2026
TimeBefore Open
Conference CallFriday, August 21, 2026
STECF Upcoming Earnings
Scatec ASA's next earnings date is estimated for October 30, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call is broadly positive: management highlighted strong execution (Obelisk COD ahead of schedule/below budget), record backlog, accelerating battery and generation portfolios, and improved financing flexibility. Short-term headwinds include hydrology/El Niño impacts, some lower production in select markets, consolidated EBITDA moderation versus a prior one-off quarter and cash/debt timing volatility. The positives — substantial near-term growth pipeline, demonstrated delivery capability, improved liquidity and active refinancing of expensive corporate debt — outweigh the temporary operational and timing challenges.Company Guidance
Major Project Completions and Obelisk COD
Reached commercial operation for 3 projects totaling 705 MW solar and 16 MWh battery storage; Obelisk (largest renewable project in Africa) reached full COD ahead of schedule and below budget, expected to produce >3 TWh annually and reduce CO2 by ~1.3 million tonnes per year.
Strong Execution and Record Backlog
Record-high backlog and near-term portfolio: 5.7 GW in operation (up from 5.0 GW last quarter, ~+14% QoQ), 0.9 GW under construction and 5.8 GW backlog giving a near-term portfolio of 12.3 GW (>100% targeted growth over 2–3 years).
Battery Storage Expansion
Battery storage near-term portfolio of 6.8 GWh (1.4 GWh in operation, 0.6 GWh under construction, 4.8 GWh backlog) — ~5x the current operational storage capacity, highlighting strong growth in storage.
Healthy D&C Activity and Margins
D&C proportionate revenues NOK 1.2 billion (+22.9% YoY) and proportionate EBITDA NOK 234 million (driven by NOK 160 million contingency release); reported D&C gross margin 24% including contingency with underlying margin ~11%; remaining contract value NOK 3.8 billion and expected gross margins of 10–12% across projects.
Power Production Growth
Group power production was 1.1 TWh in the quarter, up 21% vs 940 GWh in the same quarter last year, primarily driven by new projects contributing 278 GWh.
Financial Flexibility and Liquidity Improvements
Free cash position NOK 1.6 billion; distributions from power plants NOK 334 million; increased RCF from $230 million to $350 million; total available liquidity NOK 5.1 billion; corporate gross debt reduced to NOK 6.4 billion and plan to refinance most expensive bond (SCATC 04) with ~NOK 1 billion longer-dated issuance to lower margins.
Resilient Philippines JV Performance
SNAP (Philippines JV) delivered NOK 244 million revenue and NOK 201 million EBITDA despite hydrology impacts; ancillary services generated NOK 199 million and spot prices rose to PHP 9.6/kWh from PHP 6.0/kWh (+60%).
Clear Growth Pipeline in Strategic Markets
Pipeline includes large projects in Egypt (Dandara ~1.1 GW + 200 MWh BESS; Energy Vale ~2 GW + 4 GWh; Shadwan Wind 900 MW), Romania (new contracted CfD-backed projects), Colombia and South Africa — management expects financial close for 3 Egyptian projects within ~6 months.
STECF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed