Lower profits for Enel from energy sales in Italy
Enel’s profits from energy sales in Italy have declined. This figure is included in the company’s financial report for the first 9 months of 2026, which still ended with a substantial profit.
Declining profits for Enel: “Lower average prices for residential customers and…”
Ebel is a giant with sales of 65 billion in 9 months, over 7 billion per month. What’s striking is that a multinational born and raised here performs much better outside Italy. This is stated in the report as of September 30, which explains that sales grew by 8.9%: “1) higher revenues from distribution activities, particularly in Latin America and Spain, due to tariff adjustments aimed at compensating for investments in networks and the new regulatory framework. 2) higher sales of electricity on the wholesale market in Europe; 3) higher revenues from renewable energy generation, mainly in Colombia. …. These positive changes more than offset the negative effects recorded in Italy, which stemmed from lower average prices applied to residential customers and small and medium-sized enterprises.” In addition to reduced water supply due to lower water generation.
Enel Green Power’s growth continues, reaching 9.1 billion
The Italian home supplies market remains highly competitive. To stay competitive, Enel had to offer more attractive deals. However, the tighter margins in Italy did not affect the overall results. The group’s ordinary net result rose to 6,018 million euros, compared to 5,703 million euros in the first nine months of 2025, a 6% increase. It is noted that profits primarily come from overseas operations: “The positive performance of ordinary operational activities more than offset the increase in net financial costs related to growing investments and the greater impact of third-party interests due to the increased contribution of foreign subsidiaries to the results.” Results by division confirm the growth of Enel Green Power (9.138 billion euros, +7.2%). But even here, it mostly involves investments outside Italy.
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