Uniper Profits Surge as Germany Prepares to Sell Energy Giant
Uniper on Tuesday reported more than doubled adjusted net income for the first half of 2026 from a year earlier as Germany has launched a sales process to privatize the energy giant it bailed out during the 2022 crisis. Uniper booked an adjusted net income of $448 million (388 million euros) for the first half of 2026, more than double from $156 million (135 million euros) for January-June 2025,…
Uniper announced a significant increase in adjusted net income for the first half of 2026, stating it more than doubled compared to the same period in 2025. The German energy giant reported an adjusted net income of $448 million (388 million euros), compared to $156 million (135 million euros) for the same period in 2025. This surge in profits can be attributed to the strong performance of the gas business, which has not negatively impacted earnings as it had in previous years.
Uniper CEO Michael Lewis praised the company's resilience and robustness in the face of external influences. The company has also reaffirmed its current-year core earnings forecast and expanded the range for the full-year 2026. Lewis added that Uniper is well-positioned to pursue growth opportunities, enhance security of supply, and accelerate Europe's energy transformation.
The news of Uniper's thriving financial performance has caught the attention of analysts and investors as Germany prepares to sell its 99% stake in the energy company. The German government nationalized Uniper during the 2022 energy crisis to prevent its collapse, incurring a total cost of approximately $53 billion. Currently, potential buyers for the 99% stake include Norway's Equinor, Brookfield Asset Management, Czech billionaire Daniel Kretinsky's EPH, and Abu Dhabi's Taqa.
Written by urgent.news from OilPrice's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
