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Enel Interim / Quarterly Report 2026
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Interim / Quarterly Report
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| Informazione Regolamentata n. 0116-58-2026 | Data/Ora Inizio Diffusione 6 Maggio 2026 17:47:36 | Euronext Milan |
|---|---|---|
Societa': ENEL
Utenza - referente: ENELN10 - Giannetti Davide
Tipologia: REGEM
Data/Ora Ricezione: 6 Maggio 2026 17:47:36
Oggetto: Enel pubblica il Report sui dati operativi di Gruppo del primo trimestre 2026
Testo del comunicato
Vedi allegato
emarket
enel
COMUNICATO STAMPA
International Press Office
Investor Relations
T +39 06 8305 5699
T +39 06 8305 7975
enel.com
enel.com
ENEL PUBBLICA IL REPORT SUI DATI OPERATIVI DI GRUPPO DEL PRIMO TRIMESTRE 2026
Roma, 6 maggio 2026 – Enel S.p.A. (“Enel”) ha pubblicato il “Quarterly Bulletin” (“Report”) contenente i dati operativi del Gruppo del primo trimestre dell’anno 2026.
Il Report, pubblicato in anticipo rispetto all’approvazione da parte del Consiglio di Amministrazione di Enel e alla divulgazione dei dati economico-finanziari contenuti nei documenti contabili periodici, si pone l’obiettivo di rafforzare ulteriormente la trasparenza del Gruppo nei confronti della comunità finanziaria, in linea con le best practice dei mercati più evoluti.
Il Report, allegato al presente comunicato stampa, è a disposizione del pubblico presso la sede sociale, sul sito internet di Enel (www.enel.com), e – unitamente al presente comunicato – presso il meccanismo di stoccaggio autorizzato "eMarket Storage" ().
Enel SpA – Sede Legale: 00198 Roma, Viale Regina Margherita 137 – Registro Imprese di Roma e Codice Fiscale 00811720580 – R.E.A. 756032 Partita IVA 15844561009 – Capitale Sociale Euro 10.166.679.946 i.v.
CERTIFIED
Q1 2026
Quarterly Bulletin
enel
Investor Relations Team
[email protected]
+39 06 8305 7975
Website
www.enel.com/investors
Investor Relations App
CERTIFIED
Index
- Pro forma numbers
- Group Net Installed Capacity
- Group Net Production
- Grids and Enel X Global Retail
- Main events
- Disclaimer
enel
CERTIFIED
1. Pro forma numbers
enel
| Generation - installed (GW) | Q1 2025 | Q1 2025 | Δ% yoy |
|---|---|---|---|
| Total installed capacity | 91,9 | 89,4 | +2,8% |
| Renewables | 66,8 | 65,1 | +2,6% |
| of which BESS | 3,4 | 2,8 | +20,9% |
| Nuclear | 3,3 | 3,3 | - |
| Total Emission Free Capacity | 70,1 | 68,4 | +2,5% |
| Thermal | 21,8 | 21,0 | +3,6% |
| of which regulated | 10,4 | 9,8 | +6,9% |
| Generation - production (TWh) | Q1 2025 | Q1 2025 | Δ% yoy |
| --- | --- | --- | --- |
| Total production | 51,1 | 49,7 | +2,8% |
| of which consolidated | 47,7 | 46,1 | +3,5% |
| Renewables | 35,0 | 34,7 | +1,0% |
| Nuclear | 6,8 | 7,1 | -4,4% |
| Total Emission Free production | 41,8 | 41,8 | +0,0% |
| Thermal | 9,2 | 7,9 | +17,2% |
| Grids | Q1 2025 | Q1 2025 | Δ% yoy |
| --- | --- | --- | --- |
| Electricity distributed (TWh) | 120,9 | 117,4 | +3,0% |
| Italy | 53,3 | 51,8 | +2,9% |
| Spain | 35,8 | 34,4 | +4,0% |
| RoW | 31,9 | 31,2 | +1,9% |
| End Users (mln) | 69,2 | 68,6 | +0,8% |
| Italy | 31,2 | 31,1 | +0,3% |
| Spain | 12,7 | 12,7 | +0,7% |
| RoW | 25,3 | 24,9 | +1,5% |
| Supply/Retail Liberalized Market | Q1 2025 | Q1 2025 | Δ% yoy |
| --- | --- | --- | --- |
| Europe market energy sold (TWh) | 27,6 | 30,4 | -9,2% |
| of which Italy | 11,5 | 13,5 | -15,0% |
| of which T&L | 2,5 | 4,3 | -41,8% |
| of which SME | 2,7 | 2,7 | -0,8% |
| of which B2C | 6,1 | 6,3 | -2,5% |
| of which fixed price B2C | 69,8% | 63,8% | +5,9pp |
| of which index price B2C | 30,2% | 36,2% | -5,9pp |
| of which Spain | 16,1 | 16,9 | -4,6% |
| of which T&L | 8,4 | 9,0 | -6,8% |
| of which SME | 2,1 | 2,4 | -13,6% |
| of which B2C | 4,9 | 4,8 | +0,9% |
| of which fixed price B2C | 100,0% | 100,0% | - |
| of which index price B2C | - | - | - |
| Europe market gas sold (bcm) | 2,2 | 2,4 | -7,7% |
| of which Italy | 1,4 | 1,4 | -1,7% |
| of which T&L | 0,1 | 0,1 | -18,0% |
| of which SME | 0,1 | 0,1 | -10,2% |
| of which B2C | 1,1 | 1,2 | -2,2% |
| of which fixed price B2C | 63,7% | 50,2% | +13,6pp |
| of which index price B2C | 36,3% | 49,8% | -13,6pp |
| of which Spain | 0,8 | 0,9 | -16,7% |
| of which T&L | 0,4 | 0,4 | +0,7% |
| of which SME | 0,1 | 0,1 | -47,9% |
| of which B2C | 0,2 | 0,2 | -3,1% |
| of which fixed price B2C | 100,0% | 100,0% | - |
| of which index price B2C | - | - | - |
| LatAm market energy sold (TWh) | 8,5 | 9,6 | -11,6% |
| Liberalized power customers (mn) | 17,3 | 17.3² | +0,2% |
| Italy | 10,9 | 11.1² | -1,5% |
| Spain | 6,4 | 6.2² | +3,2% |
- Pro-forma numbers are net of Chocon, Arroyito & Tarapica and include JV and Stewardship capacity and production.
2025 restated figures - Year - End '25
Total Group Net Inst Capacity pro forma - 1Q 2026
CERTIFIED
2. Group Net Installed Capacity (MW)
| Group | Q1 2026 | Q1 2025 | Δ% you |
|---|---|---|---|
| Hydro | 26.994 | 28.321 | -4,7% |
| Wind | 16.184 | 15.739 | +2,8% |
| Geothermal | 860 | 860 | - |
| BESS | 3.441 | 2.847 | +20,9% |
| Solar & Others | 13.216 | 12.331 | +7,2% |
| Total Renewables | 60.694 | 60.098 | +1,0% |
| Nuclear | 3.328 | 3.328 | - |
| Total Emission Free Capacity (a) | 64.022 | 63.426 | +0,9% |
| Coal | 4.627 | 4.627 | - |
| CCGT | 12.420 | 11.622 | +6,9% |
| Oil & Gas | 4.720 | 4.758 | -0,8% |
| Total Thermal (b) | 21.768 | 21.007 | +3,6% |
| Total Consolidated capacity (a+b) | 85.790 | 84.434 | +1,6% |
| JV and Stewardship capacity (c) | 6.066 | 6.291 | -3,6% |
| Total emission Free capacity (a+c) | 70.088 | 69.717 | +0,5% |
| Total Installed capacity (a+b+c) | 91.856 | 90.725 | +1,2% |
Consolidated Capacity
| Italy | Q1 2026 | Q1 2025 | Δ% you |
|---|---|---|---|
| Hydro | 12.995 | 12.995 | +0,0% |
| Wind | 874 | 874 | - |
| Geothermal | 776 | 776 | - |
| BESS | 1.763 | 1.174 | +50,2% |
| Solar & Others | 447 | 436 | +2,4% |
| Total Renewables | 16.856 | 16.256 | +3,7% |
| Coal | 4.160 | 4.160 | - |
| CCGT | 5.507 | 4.709 | +16,9% |
| Oil & Gas | 1.633 | 1.633 | - |
| Total Thermal | 11.300 | 10.502 | +7,6% |
| Total | 28.156 | 26.758 | +5,2% |
| Iberia | Q1 2026 | Q1 2025 | Δ% you |
| --- | --- | --- | --- |
| Hydro | 5.368 | 5.369 | -0,0% |
| Wind | 3.001 | 2.893 | +3,7% |
| Solar & Others | 2.941 | 2.498 | +17,7% |
| Total Renewables | 11.310 | 10.760 | +5,1% |
| Nuclear | 3.328 | 3.328 | - |
| Total Emission Free Capacity | 14.638 | 14.088 | +3,9% |
| Coal | 241 | 241 | - |
| CCGT | 5.445 | 5.445 | - |
| Oil & Gas | 2.293 | 2.304 | -0,5% |
| Total Thermal | 7.979 | 7.990 | -0,1% |
| Total | 22.616 | 22.078 | +2,4% |
| Latin America | Q1 2026 | Q1 2025 | Δ% you |
| --- | --- | --- | --- |
| Hydro | 8.630 | 9.957 | -13,3% |
| Wind | 5.301 | 5.301 | - |
| Geothermal | 83 | 83 | - |
| BESS | 210 | 210 | - |
| Solar & Others | 5.616 | 5.178 | +8,4% |
| Total Renewables | 19.840 | 20.730 | -4,3% |
| Coal | 226 | 226 | - |
| CCGT | 1.468 | 1.468 | - |
| Oil & Gas | 477 | 497 | -4,0% |
| Total Thermal | 2.171 | 2.191 | -0,9% |
| Total | 22.011 | 22.921 | -4,0% |
CERTIFIED
| North America² | Q1 2026 | Q1 2025 | Δ% yev |
|---|---|---|---|
| Wind | 6.581 | 6.296 | +4,5% |
| BESS | 1.457 | 1.457 | - |
| Solar & Others | 3.867 | 3.867 | - |
| Total | 11.905 | 11.620 | +2,5% |
| Other Countries³ | Q1 2026 | Q1 2025 | Δ% yev |
| --- | --- | --- | --- |
| Wind | 426 | 375 | +13,6% |
| Solar & Others | 357 | 357 | - |
| Total Renewables | 784 | 733 | +7,0% |
| Oil & Gas | 318 | 325 | -2,0% |
| Total Thermal | 318 | 325 | -2,0% |
| Total | 1.102 | 1.057 | +4,2% |
JV and Stewardship capacity
| Group⁴ | Q1 2026 | Q1 2025 | Δ% yev |
|---|---|---|---|
| Wind | 3.700 | 4.129 | -10,4% |
| Solar & Others | 2.366 | 2.162 | +9,4% |
| Total | 6.066 | 6.291 | -3,6% |
Additional Capacity YTD
| Group | Hydro | Solar | Wind | BESS | CCGT | Q1 2026 | Q1 2025 | Δ% yev |
|---|---|---|---|---|---|---|---|---|
| Italy | 0,4 | - | - | - | - | 0,4 | 0,6 | -34,2% |
| Iberia | - | - | - | - | - | - | 623 | -100,0% |
| Latin America | - | 157 | - | - | - | 157 | 20 | +704,4% |
| Total | 0,4 | 157 | 0 | 0 | 0 | 158 | 643 | -75,5% |
- 2026 restated figures: Latin America excludes Chocon, Arroyito & Tarapica.
- 2025 restated figures: North America does not include Mexico.
- 2025 restated figures: Other countries include Perú, Germany, South Africa, Zambia and India.
- JV and Stewardship capacity includes Italy, Mexico, US, Greece, South Africa, Morocco, Australia and India
CERTIFIED
3. Group Net Production (GWh)
| Group | Q1 2020 | Q1 2025 | &% ppy |
|---|---|---|---|
| Hydro | 13.783 | 14.551 | -5,3% |
| Wind | 11.905 | 11.412 | +4,3% |
| Geothermal | 1.307 | 1.331 | -1,9% |
| Solar & Others | 4.753 | 4.363 | +9,0% |
| Total Renewables | 31.748 | 31.657 | +0,3% |
| Nuclear | 6.818 | 7.134 | -4,4% |
| Consolidated Emission Free Production (a) | 38.566 | 38.791 | -0,6% |
| Coal | 123 | 478 | -74,2% |
| CCGT | 7.821 | 6.087 | +28,5% |
| Oil & Gas | 1.291 | 1.318 | -2,0% |
| Total Thermal (b) | 9.235 | 7.883 | +17,1% |
| Total consolidated production (a+b) | 47.801 | 46.674 | +2,4% |
| JV and Stewardship production (c) | 3.312 | 3.531 | -6,2% |
| Total emission Free production (a+c) | 41.877 | 42.322 | -1,1% |
| Total production (a+b+c) | 51.113 | 50.205 | +1,8% |
Consolidated Production
| Italy | Q1 2020 | Q1 2025 | &% ppy |
|---|---|---|---|
| Hydro | 3.749 | 3.731 | +0,5% |
| Wind | 479 | 388 | +23,5% |
| Geothermal | 1.286 | 1.303 | -1,3% |
| Solar & Others | 97 | 92 | +5,7% |
| Total Renewables | 5.612 | 5.514 | +1,8% |
| Coal | 113 | 255 | -55,7% |
| CCGT | 2.807 | 1.727 | +62,5% |
| Oil & Gas | 39 | 30 | +28,9% |
| Total Thermal | 2.959 | 2.013 | +47,0% |
| Total | 8.571 | 7.527 | +13,9% |
| Iberia | Q1 2020 | Q1 2025 | &% ppy |
| --- | --- | --- | --- |
| Hydro | 2.631 | 2.328 | +13,0% |
| Wind | 2.170 | 1.736 | +25,0% |
| Solar & Others | 730 | 612 | +19,3% |
| Total Renewables | 5.531 | 4.675 | +18,3% |
| Nuclear | 6.818 | 7.134 | -4,4% |
| Total Emission Free production | 12.349 | 11.809 | +4,6% |
| Coal | - | 89 | -100,0% |
| CCGT | 3.543 | 2.990 | +18,5% |
| Oil & Gas | 1.007 | 1.050 | -4,1% |
| Total Thermal | 4.550 | 4.129 | +10,2% |
| Total | 16.900 | 15.939 | +6,0% |
emarket
soln ebonage
CERTIFIED
| Latin America¹ | Q1 2026 | Q1 2025 | Δ% yvy |
|---|---|---|---|
| Hydro | 7.403 | 8.492 | -12,8% |
| Wind | 2.933 | 3.528 | -16,9% |
| Solar & Others | 2.443 | 2.247 | +8,8% |
| Total Renewables | 12.779 | 14.267 | -10,4% |
| Coal | 10 | 134 | -92,5% |
| CCGT | 1.471 | 1.370 | +7,4% |
| Oil & Gas | 171 | 163 | +4,9% |
| Total Thermal | 1.652 | 1.667 | -0,9% |
| Total | 14.432 | 15.933 | -9,4% |
| North America² | Q1 2026 | Q1 2025 | Δ% yvy |
| --- | --- | --- | --- |
| Wind | 6.134 | 5.591 | +9,7% |
| Solar & Others | 1.371 | 1.303 | +5,2% |
| Total | 7.505 | 6.894 | +8,9% |
| Other countries³ | Q1 2026 | Q1 2025 | Δ% yvy |
| --- | --- | --- | --- |
| Wind | 188 | 168 | +11,6% |
| Solar & Others | 132 | 138 | -4,5% |
| Total Renewables | 320 | 306 | +4,3% |
| Oil & Gas | 74 | 75 | -1,3% |
| Total Thermal | 74 | 75 | -1,3% |
| Total | 393 | 381 | +3,2% |
JV and Stewardship production
| Group⁴ | Q1 2026 | Q1 2025 | Δ% yvy |
|---|---|---|---|
| Wind | 2.783 | 3.086 | -9,8% |
| Solar & Others | 529 | 445 | +18,8% |
| Total | 3.312 | 3.531 | -6,2% |
- 2026 restated figures: Latin America excludes Chocon, Arroyito & Tarapica
- 2025 restated figures. North America does not include Mexico.
- 2024 restated figures. Other countries include Peru, Germany, South Africa, Zambia and India
- JV and Stewardship production includes US, Greece, South Africa, Morocco, Australia and India
CERTIFIED
4. Grids and Enel X Global Retail
| Electricity sold (TWh) | Q1 2024 | Q1 2025 | 8% ppg | Enel Power customers (mn) | Q1 2024 | Q1 2025 | 8% ppg |
|---|---|---|---|---|---|---|---|
| Italy Retail | 12,5 | 14,7 | -14,9% | Italy Retail | 13,4 | 14,2 | -5,9% |
| Spain Retail | 18,3 | 18,9 | -3,5% | Spain Retail | 9,8 | 10,0 | -2,9% |
| Latin America | 28,5 | 30,2 | -5,6% | Latin America | 25,2 | 24,8 | +1,8% |
| - of which Grids commercialization | 20,0 | 20,6 | -2,9% | - of which Grids | 25,2 | 24,8 | +1,8% |
| - of which Retail commercialization | 8,5 | 9,6 | -11,6% | - of which Retail | - | - | - |
| Total | 59,2 | 63,8 | -7,1% | Total | 48,4 | 49,1 | -1,4% |
| - Of which Grids | 20,0 | 20,6 | -2,9% | - of which Grids | 25,2 | 24,8 | +1,8% |
| - of which Retail | 28,3 | 43,2 | -9,2% | - of which Retail | 23,1 | 24,3 | -4,6% |
| Electricity distributed (TWh) | Q1 2024 | Q1 2025 | 8% ppg | End users (mn) | Q1 2024 | Q1 2025 | 8% ppg |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Italy Grids | 53,3 | 51,8 | +2,9% | Italy Grids | 31,2 | 31,1 | +0,3% |
| Spain Grids | 35,6 | 34,4 | +4,0% | Spain Grids | 12,7 | 12,7 | +0,7% |
| Latin America | 31,9 | 31,2 | +1,9% | Latin America | 25,3 | 24,9 | +1,5% |
| Total | 120,9 | 117,4 | +3,0% | Total | 69,2 | 68,8 | +0,8% |
Retail
| Total energy sold (TWh) | Q1 2024 | Q1 2025 | 8% ppg | Total power customers (mn) | Q1 2024 | Q1 2025 | 8% ppg |
|---|---|---|---|---|---|---|---|
| Italy Retail | 26,3 | 25,5 | -4,8% | Italy Retail | 17 | 18 | -4,1% |
| Rojulated | 23,1 | 23,5 | -2,6% | Rojulated | 31,2 | 31,2 | +0,2% |
| Total | 59,2 | 63,8 | -7,1% | Total | 48,4 | 49,1 | -1,4% |
Enel of regulated tariff in Italy for non vulnerable customers. Vulnerable customers still included in regulated customer base
Liberalized market
| EU liberalized energy sold (TWh) | Q1 2024 | Q1 2025 | 8% ppg | EU liberalized power customers (mn) | Q1 2024 | Q1 2025 | 8% ppg |
|---|---|---|---|---|---|---|---|
| Italy | 11,5 | 13,5 | -15,0% | Italy | 10,9 | 11,5 | -5,1% |
| Spain | 16,1 | 16,9 | -4,6% | Spain | 6,4 | 6,6 | -2,5% |
| Total | 27,6 | 30,4 | -9,2% | Total | 17,3 | 18,1 | -4,1% |
| LACSA liberalized energy sold (TWh) | Q1 2024 | Q1 2025 | 8% ppg | ||||
| --- | --- | --- | --- | ||||
| Brazil | 3,8 | 4,6 | -18,2% | ||||
| Chile | 3,8 | 3,9 | -1,6% | ||||
| Colombia & CAM | 0,9 | 1,1 | -18,7% | ||||
| Total | 8,5 | 9,6 | -11,6% |
Regulated markets
| EU regulated energy sold (TWh) | Q1 2024 | Q1 2025 | 8% ppg | EU regulated power customers (mn) | Q1 2024 | Q1 2025 | 8% ppg |
|---|---|---|---|---|---|---|---|
| Italy | 1,0 | 1,2 | -13,3% | Italy | 2,5 | 2,7 | -9,2% |
| Spain | 2,1 | 2,0 | +5,9% | Spain | 3,4 | 3,5 | -3,8% |
| Total | 3,2 | 3,2 | -1,2% | Total | 5,8 | 6,2 | -6,2% |
Enel of regulated tariff in Italy for non vulnerable customers. Vulnerable customers still included in regulated customer base
Latin America and Central America regulated markets
| LatAm regulated energy sold (TWh) | Q1 2024 | Q1 2025 | 8% ppg |
|---|---|---|---|
| Brazil | 11,7 | 12,3 | -5,2% |
| Chile | 2,2 | 2,2 | -1,2% |
| Argentina | 3,7 | 3,7 | +0,4% |
| Colombia & CAM | 2,4 | 2,4 | +2,9% |
| Total | 20,0 | 20,6 | -2,9% |
| Gas sold (bcm) | Q1 2024 | Q1 2025 | 8% ppg |
| --- | --- | --- | --- |
| Italy | 1,4 | 1,4 | -1,7% |
| Spain | 0,9 | 1,1 | -14,1% |
| Latin America | 0,05 | 0,06 | -14,4% |
| Total | 2,4 | 2,5 | -7,1% |
CERTIFIED
- Main Events
enel
Rome, February 21st, 2026 - Enel signed agreements for the acquisition of an 830 MW portfolio of wind and solar plants in USA (https://www.enel.com/media/explore/search-press-releases/press/2026/02/enel-signed-agreements-for-the-acquisition-of-an-830-mw-portfolio-of-wind-and-solar-plants-in-usa)
CERTIFIED
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6. Disclaimer
The information contained in this presentation does not purport to be comprehensive and has not been independently verified by any independent third party.
Some historical figures in the document may have been subject to restatement following the use of a different calculation method. This presentation does not constitute a recommendation regarding the securities of the Company. This presentation does not contain an offer to sell or a solicitation of any offer to buy any securities issued by Enel S.p.A. or any of its subsidiaries.
| Fine Comunicato n.0116-58-2026 | Numero di Pagine: 13 |
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