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BBVA Sets Record as Santander Extends Streak, Utilities Reaffirm Targets and Redeia Defies Blackout Provisions

Robust operations are translating into larger shareholder payouts.

Overview

  • BBVA reported a record €7.978 billion in nine‑month profit, a 4.7% increase, with a 19.7% ROTE, a CET1 ratio of 13.42%, and a new share buyback of nearly €1 billion starting October 31.
  • Santander posted €10.337 billion through September, up 11%, marking six straight record quarters, with a November cash dividend of €0.115 per share and plans targeting €10 billion in buybacks across 2025–2026.
  • Endesa earned €1.711 billion to September (+21.9%) and maintained guidance toward about €2 billion for 2025, as EBITDA rose to €4.224 billion and the company balanced higher debt with dividends and buybacks.
  • Naturgy posted €1.668 billion (+5.6%) and reiterated its aim to exceed €2 billion this year, after a €2.332 billion buyback completed in June, ongoing investments of €1.389 billion, and a second €0.60 dividend payable November 5.
  • Aena’s profit rose 8.9% to €1.579 billion on 4.1% passenger growth, with net debt down to €5.127 billion and a proposed 2027–2031 investment plan (DORA III) of €12.888 billion, while Redeia’s €389.8 million profit (−4.6%) came as it declined to book blackout provisions pending CNMC inquiries and approved a €0.20 interim dividend for January.