Uniper on Tuesday reported more than doubled adjusted net income for the first half of 2026 from a year earlier as Germany has launched a sales process to privatize the energy giant it bailed out during the 2022 crisis.
Uniper booked an adjusted net income of $448 million (388 million euros) for the first half of 2026, more than double from $156 million (135 million euros) for January-June 2025, as the gas business performed well and didn’t weigh on earnings with a negative effect like in the past few years.
“Uniper is now more resilient and robust in the face of outside influences than it was in the past,” the company said.
Uniper also reaffirmed the current-year core earnings forecast it published in March 2026 and hiked the lower end of its adjusted net income forecast range for the full-year 2026.
“We’ve further sharpened our portfolio and strategy and are well positioned to seize growth opportunities, enhance security of supply, and accelerate the transformation of Europe’s energy system,” Uniper CEO Michael Lewis said.
Analysts and investors are closely watching Uniper’s financial performance as
Germany seeks to sell its 99% stake in the company, which the government bailed out in 2022 in a multibillion-dollar transaction.
Germany is considering a sale or an initial public offering for the 99% it holds in Uniper, the government said in May.
Norway’s energy major Equinor, Brookfield Asset Management, EPH of Czech billionaire Daniel Kretinsky, and Abu Dhabi’s Taqa have reportedly expressed interest in recent months to acquire the German utility giant.
Uniper, one of the biggest energy companies in Germany, was close to collapsing in 2022 when the energy crisis and the lack of Russian natural gas supply led to massive losses.
Back then, the German government stepped in to nationalize the company to avoid its collapse amid soaring gas prices, with the total bill for Uniper’s nationalization at about $53 billion.
By Tsvetana Paraskova for Oilprice.com
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