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Investing.com -- Romanian power producer Hidroelectrica has announced a 15% reduction in its 2025 net profit budget from RON3.56 billion to RON3.01 billion, falling 18% below the Visible Alpha consensus of RON3.66 billion.
The company attributed the downward revision to prolonged weak hydro conditions that negatively impacted both revenues and costs. The shortfall stems from lower electricity production and higher costs associated with purchasing electricity to fulfill selling commitments.
Hidroelectrica’s new guidance is based on a projected total electricity production of 11.4 TWh for 2025, down from the previous estimate of 13.3 TWh. Additionally, the company has increased its forecast for electricity purchases from 1.5 TWh to 2.5 TWh for the year.
Despite the significant profit reduction, the impact on dividends might be less severe. The company has indicated its intention to propose distributing 100% of net income as dividends for the year, which exceeds the 90% minimum payout ratio but remains consistent with the payout ratios from previous years.
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