Strong Performance, Disciplined Capital Allocation - drax.com
2 days ago · RNS Number: 7940L Drax Group plc (“Drax” or the “Group”; Symbol:DRX) Highlights Strong performance – Flexible Generation(1), Pellet Production and Biomass Generation Progressing target for >£500 million EBITDA post 2027 from FlexGen(1) and Pellet Production UK energy system operator confirms large-scale biomass required for 2030 clean power system Launch of Elimini – US-based ...
Drax earnings to surpass £1bn after strong year - Business Live
1 day ago · Drax Group CEO Will Gardiner said: "We continue to deliver a strong operational performance, supporting the UK energy system with dispatchable, renewable power, keeping the lights on for millions of homes and businesses, while supporting thousands of jobs throughout our supply chain. Our flexible generation and pellet production businesses are ...
News article - London Stock Exchange
In October 2024, Drax confirmed a second £75 million tranche to follow the first. To date the programme has purchased c.11.9 million shares. The total number of voting rights in Drax Group, excluding treasury shares, as at 8 November 2024 was c.375.8 million. Other matters.
Drax eyes top-end annual earnings amid progress towards 2027 …
1 day ago · (Alliance News) - Drax Group PLC on Tuesday predicted full-year adjusted earnings will be at the top-end of City expectations after a continued strong performance across the business. In a trading update, the Selby, Yorkshire based electricity generator reported strong showings in its Flexible Generation, Pellet Production, and Biomass ...
Drax Delays New UK Gas-Fired Power Plants Amid Grid Congestion
2 days ago · Drax Group Plc pushed back the start of three new gas-fired power stations to next year because of delays in getting the units connected to the grid. ... news and insight around the world.
UK's Drax forecasts annual core earnings around top end of …
2 days ago · Drax Power Station, the country's largest source of 24/7 renewable power, is performing well, the company said. Drax, which generates around 6% of Britain's electricity, said it was continuing to target for more than 500 million pounds EBITDA post 2027 from its Flexible Generation and Pellet Production businesses. Britain is aiming to decarbonise its power sector by 2030, a target that would ...
News - Drax Global
News. Read our carbon capture, sustainable bioenergy and power generation stories, as well as thinking from Drax’s leaders and business updates.
Drax Group Executes Share Buyback Program - Nasdaq
5 days ago · Drax Group plc has executed a share buyback, purchasing 260,013 ordinary shares as part of its ongoing program, announced in August 2024. The shares were bought at a weighted average price of 638. ...
News - Drax US
Read our carbon capture, sustainable bioenergy and power generation stories, as well as thinking from Drax’s leaders and business updates. Drax Group’s ambition is to become a carbon negative business by 2030, through innovative greenhouse gas removal technology.
Drax Group PLC (DRXGF) (Q2 2024) Earnings Call Highlights: …
Oct 9, 2024 · Drax Group PLC (DRXGF) reports significant growth in earnings and announces a substantial share buyback program, while navigating strategic challenges and opportunities.
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