JOURNAL ARTICLE

Engie Profit Slumps on Lower Nuclear and Hydropower Output.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: de Beaupuy, Francois 3 of 3

Abstract

The article focuses on the financial performance of French energy supplier Engie SA, which reported a 19% decline in first-half profit due to lower prices, reduced market volatility, and decreased nuclear and hydropower generation. Net recurring income fell to €3.1 billion, influenced by the shutdown of the Doel 1 reactor in Belgium and weaker hydro output in France. Despite these challenges, Engie is investing in renewable energy projects and has formed a joint venture with the Belgian government to operate two remaining reactors for an additional ten years. The company maintains its full-year targets, anticipating a recovery in earnings in the second half of the year. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/08, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2025
  • Accession Number:187095642
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.