06:03 AM EST, 11/11/2026 (MT Newswires) -- RWE (RWE.F) expects its full-year 2026 earnings metrics to come in toward the upper end of its forecast ranges, as it announced a joint investment with KKR in UK offshore wind projects. The German energy group on Wednesday confirmed its earnings forecast for 2026, including an adjusted net income of between 1.95 billion euros and 2.45 billion euros and adjusted EBITDA in the range of 5.75 billion euros to 6.35 billion euros. "Given the strong trading performance in the second and third quarters, these KPIs are likely to come in towards the upper ends of the aforementioned ranges," RWE said in its earnings report. "We also reaffirm the outlook at the segment level - with one exception: adjusted EBITDA in Supply & Trading will probably exceed the forecast range of EUR100 million to EUR500 million." For the nine months ended Sept. 30, RWE reported a net loss attributable to shareholders of 150 million euros, against an attributable profit of 2.30 billion euros a year before, while adjusted net income rose to 1.85 billion euros from 1.29 billion euros. For the third quarter, RWE reported a net loss attributable to shareholders of 1.71 billion euros, compared with the year-ago attributable profit of 846 million euros, while revenue grew to 4.70 billion euros from 3.23 billion euros. Separately, RWE announced that it will jointly invest an estimated total of 12 billion pounds sterling, together with KKR, to build offshore wind farms in the UK and their associated transmission infrastructure. The companies are teaming up to deliver the Vanguard West and Vanguard East offshore wind projects in the British North Sea, with KKR securing a 50% equity stake in each project, formally establishing a 50/50 joint venture with the German group. RWE and KKR will jointly develop, construct and operate the two wind farms. "Securing the largest ever project financing in UK offshore wind also demonstrates our lenders' trust in these projects and our ability to deliver them. With a combined capacity of 2.8 gigawatts, the projects will strengthen domestic electricity generation and make an important contribution to a resilient energy system, energy security and affordability," RWE Chief Executive Officer Markus Krebber said. "Preparatory works are well advanced, putting us in a strong position to begin offshore construction in early 2027."

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