Statkraft divests assets for NOK 13.5 billion in the third quarter

Core Insights - Statkraft's third quarter results in 2025 showed a decrease despite higher production, primarily due to low prices in Northern Norway, reduced contributions from Markets, and negative hedging effects [1][6][11] Financial Performance - Power generation in Q3 2025 was 15.8 TWh, an increase from 13.3 TWh in Q3 2024, with record-high generation of 52.7 TWh in the first nine months of 2025 [7][10] - Net operating revenues for the quarter were NOK 8.0 billion, down from NOK 9.8 billion, while underlying EBITDA decreased to NOK 3.1 billion from NOK 4.9 billion [7][11] - Net profit for the quarter was NOK -0.7 billion, compared to NOK -0.2 billion in the previous year [7][14] Strategic Developments - Statkraft executed a refocused strategy by signing agreements to divest assets worth approximately NOK 13.5 billion, including district heating, transmission lines in Peru, and renewable energy assets in multiple countries [1][3][7] - The company aims to reduce complexity and costs while freeing up capital for growth in prioritized technologies and markets [2][3] Market Operations - The average system price in the Nordic region was 36 EUR/MWh, an increase of 16.2 EUR/MWh from Q3 2024 [9] - Market activities experienced lower levels compared to a strong previous year, with underlying EBITDA from Markets dropping to NOK 20 million from NOK 1.4 billion [12][8] Future Investments - Statkraft plans for a long-term investment capacity of NOK 16-20 billion per year, focusing on solar, wind, battery storage, and grid services in Europe and South America [4][5] - Significant investments will also be allocated to hydropower refurbishments and new onshore wind developments in Norway and Sweden [5]