ClaimsØrsted

“Net profit for the period totalled DKK 2.6 billion. This was affected by non-cash tax effects and impairments due to the higher long-dated US interest rates.”

Ørsted 6 May 2026 Ørsted delivers progress and strong operational performance (Ørsted) archived copy

Factual Their own work or organisation

Ørsted's net profit for Q1 2026 was DKK 2.6 billion, affected by non-cash tax effects and impairments due to higher long-dated US interest rates.

Resolved true The record shows it happened or was so.

Factual: Statements about the present or the past, checked against the record: did they hold up?

The second judge would not resolve this claim; the verdict shown is the first judge's.

What would count as true or false

True if Ørsted's Q1 2026 interim report shows a net profit of about DKK 2.6 billion (rounding within ±0.05 billion) and attributes it in part to non-cash tax effects and impairments linked to higher long-dated US interest rates. Mostly true if the profit figure matches but the stated drivers are described somewhat differently. Mixed if the figure is off by roughly 0.1–0.5 billion. False if the figure is materially different or the period is wrong.

Set before the research began.

Evidence (3)

  1. E1 Ørsted’s Q1 2026 net profit falls 46% to $412m Yahoo Finance (republished Power Technology article) · 7 May 2026

    “Danish renewables company Ørsted has reported net profit of DKr2.62bn in the first quarter of 2026 (Q1 2026), a 46% decrease compared to DKr4.88bn in Q1 2025.”

  2. E2 Ørsted’s Q1 2026 net profit falls 46% to $412m Yahoo Finance (republished Power Technology article) · 7 May 2026

    “The Q1 2026 net profit was influenced by non-cash tax effects and impairments due to elevated long-dated US interest rates.”

  3. E3 Interim financial report Q1 2026.pub Ørsted · 6 May 2026 Own record

    “In connection with the presentation of the interim report, an earnings call for investors and analysts will be held on Wednesday, 6 May 2026 at 14:00 CET.”

Reasoning

An independent news report (E1) states Ørsted's Q1 2026 net profit was DKK 2.62bn, which falls within the ±0.05bn rounding tolerance of the claimed DKK 2.6 billion. The same report (E2) attributes the result to non-cash tax effects and impairments due to elevated long-dated US interest rates, matching the stated drivers. E3 confirms the Q1 2026 interim report was presented on 6 May 2026, but its excerpt does not show the income statement, so the figure itself rests on the secondary report.

Cite this claim

Ørsted, “Ørsted's net profit for Q1 2026 was DKK 2.6 billion, affected by non-cash tax effects and impairments due to higher long-dated US interest rates.” (said 6 May 2026). Verdict: resolved true. Reliability API, claim c_87e499164a36, method 0.1.0+7831dd9d, dataset release v1.1.2. https://epistacklabs.com/claims/c_87e499164a36

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Ørsted, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More factual claims by Ørsted

  1. Mostly true Factual 13 August 2026
    “The increase was primarily driven by earnings from the construction agreement for Hornsea 3.”

    Ørsted's Q2 2026 offshore EBITDA increase (DKK 4.4 billion vs DKK 4.0 billion) was primarily driven by earnings from the Hornsea 3 construction agreement.

  2. Resolved true Factual 13 August 2026
    “EBITDA excluding new partnerships and cancellation fees in our offshore business amounted to DKK 11.9 billion in the first half of 2026, compared with DKK 10.3 billion last year, primarily driven by…”

    Ørsted's offshore EBITDA excluding new partnerships and cancellation fees was DKK 11.9 billion in H1 2026 versus DKK 10.3 billion in H1 2025, primarily driven by higher wind speeds and higher prices.

  3. Resolved true Factual 7 June 2023
    “At present, Ørsted operates 15.5 GW of renewable energy assets, while 4.9 GW are under construction across technologies.”

    Ørsted currently operates 15.5 GW of renewable energy assets, with 4.9 GW under construction.

  4. Resolved true Factual 7 June 2023
    “was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi)”

    Ørsted was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative.

  5. Mixed Factual 2 June 2021
    “Being named the world’s most sustainable energy company for now three years in a row, it’s our aspiration to be a globally recognised sustainability leader”

    Ørsted has been named the world's most sustainable energy company three years in a row.

All of them

Verdicts are made automatically; how verdicts are made.