Ørsted Q2 2026 net profit falls 79% to $106m
Ørsted reported Q2 2026 net profit of DKr687m ($106m), down 79% year-on-year. EBITDA fell 18% to DKr5.4bn, though EBITDA excluding partnership and cancellation fees rose 2%. Operating cash flow dropped 64% to DKr2.6bn, while free cash flow increased to DKr1.3bn. Offshore generated higher EBITDA, helped by Hornsea 3 construction agreement earnings.