Drax Group plc (LON: DRX)

London flag London · Delayed Price · Currency is GBP · Price in GBX
655.00
+1.50 (0.23%)
Nov 22, 2024, 4:39 PM BST
52.61%
Market Cap 2.45B
Revenue (ttm) 7.39B
Net Income (ttm) 653.80M
Shares Out 374.34M
EPS (ttm) 1.66
PE Ratio 3.93
Forward PE 5.15
Dividend 0.24 (3.72%)
Ex-Dividend Date n/a
Volume 1,528,826
Open 659.50
Previous Close 653.50
Day's Range 652.50 - 660.50
52-Week Range 407.40 - 692.00
Beta 1.22
Analysts n/a
Price Target n/a
Earnings Date Oct 25, 2024

About Drax Group

Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid. The Customers segment supplies electricity and gas to non-domestic customers. The company owns and operates Drax Power Station located in Selby, North Yorkshire; Cruachan Power ... [Read more]

Sector Utilities
Founded 2005
Employees 3,551
Stock Exchange London Stock Exchange
Ticker Symbol DRX
Full Company Profile

Financial Performance

In 2023, Drax Group's revenue was 8.13 billion, an increase of 4.50% compared to the previous year's 7.78 billion. Earnings were 562.20 million, an increase of 560.63%.

Financial Statements

News

Drax Explores Options to Sell Biomass Power to UK Data Center

Drax Group Plc is exploring options to sell power to a data-center provider in the UK, guaranteeing income for its biomass-fired plant.

11 days ago - BNN Bloomberg

Drax Group plc 2024 Q1 - Results - Earnings Call Presentation

The following slide deck was published by Drax Group plc in conjunction with their 2024 Q1 earnings call.

2 months ago - Seeking Alpha

Drax Aims for $12.5 Billion US Power Push Drawn by Subsidies

Drax Group Plc, operator of the UK’s largest power station, aims to invest $12.5 billion building new biomass power plants in the US over the next decade, taking advantage of generous subsidies.

2 months ago - BNN Bloomberg

Drax to Pay £25 Million for Misreporting Biomass Data

Drax Group Plc will pay £25 million ($32.9 million) after UK regulator Ofgem found that company had misreported data about the biomass it burns in its power plant.

3 months ago - BNN Bloomberg

Drax Group plc (DRXGF) Full Year 2023 Results Earnings Call Transcript

Drax Group plc (DRXGF) Full Year 2023 Results Earnings Call Transcript

9 months ago - Seeking Alpha

Drax posts 66% jump in annual profit, raises dividend

Drax Group , the UK's largest source of renewable electricity, posted a 66% jump in annual profit and raised its dividend on Thursday, supported by robust renewable power generation.

9 months ago - Reuters

Drax Group plc (DRXGF) Q2 2023 Earnings Call Transcript

Drax Group plc (OTCPK:DRXGF) Q2 2023 Earnings Conference Call July 27, 2023 3:30 AM ET Company Participants Will Gardiner - CEO Andy Skelton - CFO Conference Call Participants Martin Young - Investec ...

1 year ago - Seeking Alpha

Drax reports higher half-year profit on robust demand, elevated prices

British power generator Drax Group reported a rise in half-year profit on Thursday, buoyed by robust demand for renewable power and substantially high energy prices.

1 year ago - Reuters

Drax Group plc (DRXGF) Q4 2022 Earnings Call Transcript

Drax Group plc (OTCPK:DRXGF) Q4 2022 Results Conference Call February 23, 2023 4:00 AM ET Company Participants Mark Strafford - Investor Relations Will Gardiner - Chief Executive Officer Andy Skelton ...

1 year ago - Seeking Alpha

Drax Group plc (DRXGF) CEO Will Gardiner on Q2 2022 Results - Earnings Call Transcript

Drax Group plc (OTCPK:DRXGF) Q2 2022 Earnings Conference Call July 26, 2022 4:00 AM ET Company Participants Will Gardiner - Chief Executive Officer Andy Skelton - Chief Financial Officer Conference Ca...

2 years ago - Seeking Alpha