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Drax Group Plc

DRX.L

Latest Trade

327.56GBp

Change

5.56(+1.73%)

Volume

181,691

Today's Range

318.80

 - 

327.80

52 Week Range

118.90

 - 

364.60

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
322.00
Open
322.00
Volume
181,691
3M AVG Volume
14.84
Today's High
327.80
Today's Low
318.80
52 Week High
364.60
52 Week Low
118.90
Shares Out (MIL)
396.98
Market Cap (MIL)
1,260.81
Forward P/E
10.54
Dividend (Yield %)
5.13

Next Event

Full Year 2020 Drax Group PLC Earnings Release

Latest Developments

More

Drax Group Prices Offering Of Senior Secured Notes

Drax Group Says Co Agreed A New Infrastructure Term Loan Facilities Agreement

Drax Group Posts HY Pretax Loss 61 Mln Stg Vs Profit Of 4 Mln Stg

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About Drax Group Plc

Drax Group Plc is engaged in the electricity generation; electricity supply to business customers, and manufacturing of sustainable compressed wood pellets for use in electricity production. The Company's segments include Generation, which is engaged in the generation of electricity at Drax Power Station; Biomass Supply, which is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States, and Retail, which is engaged in the supply of power to business customers and wood pellets to the domestic heat market. Its business units include Drax Power, Haven Power, Drax Biomass and Billington Bioenergy. Drax Biomass provides compressed wood pellets. Haven Power supplies electricity to businesses. Billington Bioenergy supplies sustainable compressed wood pellets to provide businesses and households with renewable heat. Drax Power Station is located near Selby, North Yorkshire, connecting into the national electricity distribution grid.

Industry

Electric Utilities

Contact Info

Drax Power Station

YO8 8PH

United Kingdom

+44.1757.618381

http://www.drax.com

Executive Leadership

Philip G. Cox

Non-Executive Chairman of the Board

Will Gardiner

Group Chief Executive Officer, Executive Director

Andy Skelton

Chief Financial Officer, Executive Director

Clare Harbord

Director - Corporate Affairs

Penny Small

Chief Transformation Officer

Key Stats

2.09 mean rating - 11 analysts
Sell
Hold
Buy
Revenue (MM, GBP)

2017

3.7K

2018

4.2K

2019

4.7K

2020(E)

4.4K
EPS (GBp)

2017

0.700

2018

10.300

2019

29.700

2020(E)

30.194
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.27
Price To Book (MRQ)
0.70
Price To Cash Flow (TTM)
8.89
Total Debt To Equity (MRQ)
72.87
LT Debt To Equity (MRQ)
72.48
Return on Investment (TTM)
-1.68
Return on Equity (TTM)
-1.26

Latest News

Latest News

BRIEF-Drax Says 2020 Full Year Adjusted EBITDA Currently In Line With Consensus

* DRAX - 2020 FULL YEAR ADJUSTED EBITDA CURRENTLY IN LINE WITH CONSENSUS INCLUSIVE OF £60 MILLION ESTIMATED POTENTIAL IMPACT FROM COVID-19

UPDATE 2-Britain's Drax to end coal power generation in 2021

British power producer Drax Group Plc said in its full-year results on Thursday it will end coal power generation at its North Yorkshire plant, ahead of Britain's 2024 deadline.

Britain's Drax to end coal power generation by 2021

British power producer Drax Group Plc is on track to close its coal generation in 2021, four years ahead of Britain's 2025 deadline, the company said on Thursday as it released full-year results.

UPDATE 2-Drax first half profit boosted by Iberdrola deal

* Dividend up 12.5% (Updates with CEO comment, dividend details)

Drax first-half profit boosted by Iberdrola plants deal

British power generator Drax Group Plc on Wednesday reported a jump in adjusted core earnings for the first half, partly boosted by its purchase of gas, hydro and pumped storage power plants from Spain's Iberdrola SA .

BUZZ-Drax: JPM sees small half-year loss on higher costs

** Shares of British power producer Drax Group Plc were down 2.2% at 269 pence

UPDATE 2-Profits at Britain's Drax rise on higher renewable power output

Drax, Britain's third largest power generator, reported a 9 percent rise in full-year earnings on Tuesday, driven by higher renewable power generation from its biomass units.

Drax profit rises 9 pct on higher biomass power generation, pellet output

British power producer Drax Group Plc reported a 9 percent rise in full-year core earnings on Tuesday, driven by higher levels of renewable power generation from its biomass units.

UPDATE 2-Drax, Iberdrola revise plants deal after EU decision

British power producer Drax Group Plc has revised the terms of its deal to buy UK generation assets from Spain's Iberdrola to ensure it gets a rebate on lost capacity payments due to a pause in a government scheme.

Drax, Iberdrola tweak plants deal after EU decision

British power producer Drax Group Plc has tweaked the terms of its deal to buy UK generation facilities from Spain's Iberdrola to share additional risks due to a recent EU decision on Britain's state-supported back-up power scheme.

Drax profits hit by biomass plant outages, shares fall

British power producer Drax Group Plc <DRX.L> reported a 16 percent fall in first-half earnings on Tuesday, partly related to outages at its biomass plants, sending its shares down more than 6 percent.

UK's Drax submits application to develop gas generation and storage project

Britain's Drax Power Station, part of Drax Group, has submitted an application to planning authorities to develop a gas generation and battery storage project, the firm said on Wednesday.

Britain's Drax launches bioenergy carbon capture project

British power company Drax will start work this month on a pilot bioenergy carbon capture and storage (CCS) project at its plant in Yorkshire, northern England, it said on Monday.

Britain's Drax could close coal plants ahead of 2025 deadline

British power generator Drax could end production at its coal plants ahead of a government imposed deadline of 2025, the company's CEO said on Monday.

UPDATE 1-British power producer Drax beats earnings expectations, shares jump

British power producer Drax Group Plc beat full-year core earnings expectations on Tuesday, sending its shares up by as much as 9 percent.

British power producer Drax beats on core earnings

British power producer Drax Group Plc reported full-year core earnings above analysts' expectations, helped by higher profit from its biomass power plants and the acquisition of Opus Energy.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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