)
Drax Group (DRX) investor relations material
Drax Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Operational performance and outlook
Strong operational performance supports UK energy security amid geopolitical uncertainty.
Full year 2026 Adj. EBITDA expected in line with consensus estimates (£665m, range £643–£682m).
Assets provide over 5% of UK electricity and up to 18% of renewable power at peak.
Supply chain remains resilient with primary biomass sourcing from North America.
Ongoing optimisation of generation to meet high demand periods.
Regulatory and market developments
UK Government to remove Carbon Price Support from April 2028; no change to expectations.
Electricity Generator Levy extended and increased, but not expected to impact 2026 Adj. EBITDA.
From April 2027, Drax Power Station to operate under CfD, exempt from EGL.
FlexGen and asset development
Cruachan Power Station units 1 and 2 performing well; units 3 and 4 in planned outage and refurbishment.
Hirwaun Power Station (first of three OCGT plants) to come under control soon.
Flexitricity acquisition completed, supporting GW-scale BESS pipeline ambitions.
Over £500m committed to BESS assets and tolling contracts, operations from late 2027.
- Record renewable output, robust cash flow, and major BESS investments drive 2025 strategy.DRX
H2 202526 Feb 2026 - Adjusted EBITDA up 24% to £515m, net debt down, and £300m buyback to begin Q3 2024.DRX
H1 20242 Feb 2026 - Upgraded post-2027 EBITDA target, record financials, and robust outlook from renewables.DRX
H2 202417 Dec 2025 - 2025 Adj. EBITDA set to exceed expectations, supporting major growth and shareholder returns.DRX
Trading Update11 Dec 2025 - Strong H1-25 results, buyback extension, and new CfD terms boost long-term earnings outlook.DRX
H1 202531 Jul 2025 - Strong 2024 performance, strategic growth in BECCS and renewables, and robust capital returns.DRX
Trading Update13 Jun 2025 - Drax expects 2025 Adj. EBITDA at the top end of consensus, driven by strong operations and contracts.DRX
Q1 20256 Jun 2025 - Drax forecasts top-end 2025 Adj. EBITDA, advances flexible generation, and boosts shareholder returns.DRX
Trading Update6 Jun 2025
Next Drax Group earnings date
Next Drax Group earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)