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Home » Finance » Statkraft Reports Decline in Q3 2024 Operating Profit Amid Lower Power Prices
Finance

Statkraft Reports Decline in Q3 2024 Operating Profit Amid Lower Power Prices

By Matthew WrightNovember 7, 20242 Mins Read
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Credit: Statkraft
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Statkraft reported a decline in its Q3 2024 underlying operating profit, with earnings dropping to NOK 3 billion (€254 million) from NOK 4.9 billion in the same quarter of 2023. This decrease was driven by lower power prices, reduced hydropower production in Norway, higher operating expenses, and impacts from hedging. The company’s underlying EBITDA also

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Previous ArticleEngie Reports 18% Increase in Q3 Earnings, Driven by Strong Renewable and Hydropower Performance
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