Spanish utility Iberdrola SA (BME:IBE) on Wednesday reported adjusted net profit of EUR 1.87 billion (USD 2.19bn) for the first quarter of 2026, up 11.4% from a year earlier, driven by growth in regulated networks and a higher contribution from Brazilian subsidiary Neoenergia after it <a href="https://renewablesnow.com/news/iberdrola-concludes-buyout-of-previs-stake-in-neoenergia-1284345/" target="_blank">increased its stake</a> in 2025.