Orsted Keeps Profit Guidance Despite Weak 3Q Result (1)

Orsted A/S confirmed its full-year profit guidance, seeking to reassure investors of its financial stability after a weak third quarter.

Orsted had already slashed its annual guidance in September, and third-quarter earnings again fell short of expectations. The company also recorded a 1.8 billion Danish kroner ($277 million) net charge linked to US tariffs and the temporary halt of its Revolution Wind project near Rhode Island.

Orsted is pushing to deliver on a turnaround after its US ambitions backfired, resulting in a string of expensive failures. The company’s troubles deepened when the Trump administration intervened to stall offshore wind development, ...