Iberdrola SA
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Iberdrola SA
Iberdrola is a large electric utility that makes, moves, and sells electricity. It owns power plants, especially wind and other renewable projects, and it also runs electricity networks that deliver power to homes and businesses. In some markets it also supplies gas and retail electricity to end users. Its customers are mainly households, small businesses, large industrial users, and local grid users who pay for power delivery. Iberdrola earns money in two main ways: by charging for electricity sales and by collecting regulated fees for using its transmission and distribution networks. That mix gives it both market-based energy income and steadier utility-style network income. What sets Iberdrola apart is that it is not just a power producer or just a utility seller. It sits in the middle of the electricity value chain, with a strong emphasis on renewable generation and grid ownership. That makes it a core player in the shift from fossil-fuel power to cleaner electricity systems, while still relying on the basic, durable need to generate and deliver power.
Iberdrola is a large electric utility that makes, moves, and sells electricity. It owns power plants, especially wind and other renewable projects, and it also runs electricity networks that deliver power to homes and businesses. In some markets it also supplies gas and retail electricity to end users.
Its customers are mainly households, small businesses, large industrial users, and local grid users who pay for power delivery. Iberdrola earns money in two main ways: by charging for electricity sales and by collecting regulated fees for using its transmission and distribution networks. That mix gives it both market-based energy income and steadier utility-style network income.
What sets Iberdrola apart is that it is not just a power producer or just a utility seller. It sits in the middle of the electricity value chain, with a strong emphasis on renewable generation and grid ownership. That makes it a core player in the shift from fossil-fuel power to cleaner electricity systems, while still relying on the basic, durable need to generate and deliver power.
Profit up: Adjusted net profit rose 11% to EUR 1,865 million in Q1 2026, helped by stronger networks and partially offset by softer Power & Customers results and FX headwinds.
Outlook raised: Management lifted 2026 guidance to expect adjusted net profit growth of more than 8%, excluding capital gains from asset rotations.
Networks lead: The company said networks remained the main growth driver, supported by higher regulated investment, stronger U.K. and U.S. returns, and new frameworks in the U.K. and Brazil.
Mexico closed: Iberdrola closed the Mexico transaction, said capital gains will be in the “several hundreds of millions of euros,” and reiterated that proceeds will be used to improve future efficiency and fund growth.
Balance sheet steady: Pro forma net debt was EUR 50.3 billion and liquidity was EUR 21.4 billion, which management said keeps credit metrics comfortably aligned with a BBB+ rating.
AI push: The company said it has identified more than 300 AI initiatives, most developed in house, and sees material efficiency and new business potential over time.
Management
José Ignacio Sánchez Galán is a prominent Spanish businessman known for his role as the Chairman and Chief Executive Officer of Iberdrola, a leading global energy company based in Spain. Born on September 30, 1950, in Salamanca, Spain, he studied at the Technical School of Engineering (ETSI) in Bilbao, earning a degree in Industrial Engineering. He later completed a degree in Business Administration from the Instituto Católico de Administración y Dirección de Empresas (ICADE) Universidad Pontificia Comillas in Madrid and an MBA from the University of Houston. Galán began his career in the energy sector, gaining significant experience and expertise over the years. Before joining Iberdrola, he held several key positions in reputable companies, including Industria de Turbo Propulsores and Sociedad Española del Acumulador Tudor. In 2001, Galán joined Iberdrola as the CEO and later became the Chairman in 2006. Under his leadership, Iberdrola underwent significant transformation and expansion, positioning itself as a global leader in renewable energy. He has been a strong advocate for the transition to cleaner energy sources and has spearheaded numerous initiatives to reduce the company's carbon footprint, aligning with global sustainability goals. Galán is credited with driving Iberdrola’s international growth, expanding its presence in Europe, the United States, and Latin America. His vision for the future of energy and commitment to innovation has made Iberdrola a benchmark in the renewable energy sector. Throughout his career, Galán has received multiple accolades and recognition for his contributions to the energy industry and his leadership in promoting sustainable development. His strategic foresight and business acumen have not only propelled Iberdrola to new heights but have also set an example for other companies in the energy sector.
Galán began his career in the energy sector, gaining significant experience and expertise over the years. Before joining Iberdrola, he held several key positions in reputable companies, including Industria de Turbo Propulsores and Sociedad Española del Acumulador Tudor.
In 2001, Galán joined Iberdrola as the CEO and later became the Chairman in 2006. Under his leadership, Iberdrola underwent significant transformation and expansion, positioning itself as a global leader in renewable energy. He has been a strong advocate for the transition to cleaner energy sources and has spearheaded numerous initiatives to reduce the company's carbon footprint, aligning with global sustainability goals.
Galán is credited with driving Iberdrola’s international growth, expanding its presence in Europe, the United States, and Latin America. His vision for the future of energy and commitment to innovation has made Iberdrola a benchmark in the renewable energy sector.
Throughout his career, Galán has received multiple accolades and recognition for his contributions to the energy industry and his leadership in promoting sustainable development. His strategic foresight and business acumen have not only propelled Iberdrola to new heights but have also set an example for other companies in the energy sector.
Armando Martínez Martínez is a notable executive at Iberdrola SA, a leading multinational energy company. With a strong background in the energy sector, Mr. Martínez has contributed significantly to Iberdrola's global strategy and operations. He joined Iberdrola in the late 1990s and has held various key positions within the company over the years. Martínez has played an instrumental role in Iberdrola's transformation and its commitment to renewable energy, guiding efforts in areas such as innovation, technology, and business development. His leadership has been crucial in expanding the company's footprint in international markets and reinforcing its position as a leader in sustainable energy solutions. Under his guidance, Iberdrola has continued to invest heavily in clean energy projects, including wind, solar, and hydroelectric power, aligning with global trends toward decarbonization and sustainability. His work aligns with Iberdrola's broader goals of promoting energy efficiency and digital transformation within the energy sector. Armando Martínez's expertise and vision have been vital in navigating the complex landscape of global energy markets, ensuring that Iberdrola adapts and thrives amid evolving industry dynamics. His dedication to sustainable practices and innovation continues to shape the strategic direction of the company.
Martínez has played an instrumental role in Iberdrola's transformation and its commitment to renewable energy, guiding efforts in areas such as innovation, technology, and business development. His leadership has been crucial in expanding the company's footprint in international markets and reinforcing its position as a leader in sustainable energy solutions.
Under his guidance, Iberdrola has continued to invest heavily in clean energy projects, including wind, solar, and hydroelectric power, aligning with global trends toward decarbonization and sustainability. His work aligns with Iberdrola's broader goals of promoting energy efficiency and digital transformation within the energy sector.
Armando Martínez's expertise and vision have been vital in navigating the complex landscape of global energy markets, ensuring that Iberdrola adapts and thrives amid evolving industry dynamics. His dedication to sustainable practices and innovation continues to shape the strategic direction of the company.
José Sainz Armada is a noted figure in the corporate world, particularly recognized for his role as the Chief Financial Officer (CFO) of Iberdrola SA, a leading multinational electric utility company based in Spain. As CFO, Sainz Armada has been instrumental in steering the financial strategies of the company, focusing on financial stability, risk management, and the implementation of financial plans that align with the company’s growth and sustainability goals. With a strong background in finance and vast experience in the energy sector, Sainz Armada has contributed significantly to Iberdrola's financial success. He oversees the company’s financial operations, including accounting, tax, and investor relations. Under his leadership, the company has maintained financial discipline, which has been crucial in funding major projects and investments, particularly in renewable energy, aligning with Iberdrola's commitment to supporting the transition to a more sustainable energy model. His expertise extends beyond managing finances, as he plays a key role in strategic planning and decision-making processes crucial for Iberdrola's expansion and adaptation to global energy demands. Sainz Armada is known for his analytical skills, strategic foresight, and dedication to fostering financial practices that support the company’s long-term vision.
With a strong background in finance and vast experience in the energy sector, Sainz Armada has contributed significantly to Iberdrola's financial success. He oversees the company’s financial operations, including accounting, tax, and investor relations. Under his leadership, the company has maintained financial discipline, which has been crucial in funding major projects and investments, particularly in renewable energy, aligning with Iberdrola's commitment to supporting the transition to a more sustainable energy model.
His expertise extends beyond managing finances, as he plays a key role in strategic planning and decision-making processes crucial for Iberdrola's expansion and adaptation to global energy demands. Sainz Armada is known for his analytical skills, strategic foresight, and dedication to fostering financial practices that support the company’s long-term vision.
Ignacio Cuenca Arambarri is a notable executive at Iberdrola SA, a leading global energy company primarily focused on renewable energy sources. In his role, he has been integral to the company's efforts in corporate communications and enhancing its global presence. With a background in journalism and communications, Cuenca Arambarri has leveraged his skills to advance Iberdrola's brand and reputation, emphasizing transparency and proactive engagement with stakeholders. His work often involves coordinating communication strategies across multiple markets, aligning with the company's goals in sustainability and innovation. Cuenca Arambarri has contributed significantly to Iberdrola's narrative of growth and sustainability, ensuring consistent messaging that resonates with both internal and external audiences. His leadership in communication has supported the company's endeavors in promoting clean energy solutions and corporate responsibility on the global stage.
With a background in journalism and communications, Cuenca Arambarri has leveraged his skills to advance Iberdrola's brand and reputation, emphasizing transparency and proactive engagement with stakeholders. His work often involves coordinating communication strategies across multiple markets, aligning with the company's goals in sustainability and innovation.
Cuenca Arambarri has contributed significantly to Iberdrola's narrative of growth and sustainability, ensuring consistent messaging that resonates with both internal and external audiences. His leadership in communication has supported the company's endeavors in promoting clean energy solutions and corporate responsibility on the global stage.
Santiago Matías Martínez Garrido, Ph.D., is a prominent figure at Iberdrola SA, one of the leading global energy companies. As an executive officer at the company, Martínez Garrido has been instrumental in advancing Iberdrola's strategic initiatives, particularly in the fields of regulation, law, and institutional relations. His expertise lies in navigating complex regulatory environments and fostering relationships with key stakeholders, which are crucial for Iberdrola's operations across various international markets. Martínez Garrido's academic background and professional experience have provided him with a deep understanding of the energy sector's dynamics. His leadership skills and strategic vision have played a significant role in positioning Iberdrola as a pioneer in renewable energy and sustainable development. Throughout his career, he has been involved in multiple projects that aim to enhance the company's competitiveness and ensure compliance with evolving energy policies and regulations. His contributions to Iberdrola have been recognized both within the company and in the broader energy industry, where he is seen as a thought leader in regulatory affairs and corporate governance. Please note that specific and updated information about his current roles or projects may vary.
Martínez Garrido's academic background and professional experience have provided him with a deep understanding of the energy sector's dynamics. His leadership skills and strategic vision have played a significant role in positioning Iberdrola as a pioneer in renewable energy and sustainable development. Throughout his career, he has been involved in multiple projects that aim to enhance the company's competitiveness and ensure compliance with evolving energy policies and regulations.
His contributions to Iberdrola have been recognized both within the company and in the broader energy industry, where he is seen as a thought leader in regulatory affairs and corporate governance.
Please note that specific and updated information about his current roles or projects may vary.
María Dolores Herrera Pereda is a key executive at Iberdrola SA, a prominent multinational electric utility company. She has played a significant role within the organization, especially in the areas of regulatory matters and legal affairs. Throughout her career at Iberdrola, she has been involved in helping to shape the company's strategy and operations, particularly related to regulatory compliance and adaptation to legislative changes within the energy sector. Her expertise and leadership have been instrumental in navigating complex legal environments as Iberdrola continues to focus on sustainable energy and the expansion of renewable resources. María Dolores Herrera Pereda's contributions are highly regarded within the company, reflecting her deep understanding of both the energy market and regulatory frameworks.
Her expertise and leadership have been instrumental in navigating complex legal environments as Iberdrola continues to focus on sustainable energy and the expansion of renewable resources. María Dolores Herrera Pereda's contributions are highly regarded within the company, reflecting her deep understanding of both the energy market and regulatory frameworks.
David José Mesonero Molina is an accomplished executive with extensive experience in the energy sector. He is particularly known for his role at Iberdrola, one of the world's largest electric utility companies focused on renewable energy. Mesonero has held significant responsibilities within the company, contributing to its strategic growth and development, especially in clean energy initiatives. Throughout his tenure at Iberdrola, Mesonero has been involved in financial planning, investment strategy, and the integration of sustainability within the company's framework. He has played a pivotal role in driving forward Iberdrola's commitment to renewable energy sources, aligning with global trends towards sustainable energy solutions. Mesonero's career reflects a strong emphasis on innovation and forward-thinking in energy management, and he is recognized for his ability to navigate the complexities of the global energy markets while promoting sustainable practices. His leadership has been instrumental in solidifying Iberdrola's position as a leader in the transition to a more sustainable and environmentally friendly energy landscape.
Throughout his tenure at Iberdrola, Mesonero has been involved in financial planning, investment strategy, and the integration of sustainability within the company's framework. He has played a pivotal role in driving forward Iberdrola's commitment to renewable energy sources, aligning with global trends towards sustainable energy solutions.
Mesonero's career reflects a strong emphasis on innovation and forward-thinking in energy management, and he is recognized for his ability to navigate the complexities of the global energy markets while promoting sustainable practices. His leadership has been instrumental in solidifying Iberdrola's position as a leader in the transition to a more sustainable and environmentally friendly energy landscape.
Mr. Ramón Castresana is a distinguished executive at Iberdrola SA, a global leader in energy production and distribution. He serves as the Global Director of Human Resources, where he oversees the strategic management of human capital within the company. Castresana is instrumental in driving initiatives related to talent acquisition, development, and retention, ensuring that Iberdrola attracts and maintains a workforce aligned with its sustainable energy objectives. Under his leadership, Iberdrola emphasizes diversity and inclusion, fostering an organizational culture conducive to innovation and collaboration. Castresana’s role is pivotal in supporting Iberdrola's mission to lead in the clean energy sector, reflecting his commitment to corporate responsibility and forward-thinking human resources practices. With a career marked by extensive experience in human resources management and strategy, Castresana has played a crucial role in shaping policies that support Iberdrola's global operations across multiple continents. His efforts contribute significantly to the company's growth and adaptation to the dynamic challenges of the energy industry.
Under his leadership, Iberdrola emphasizes diversity and inclusion, fostering an organizational culture conducive to innovation and collaboration. Castresana’s role is pivotal in supporting Iberdrola's mission to lead in the clean energy sector, reflecting his commitment to corporate responsibility and forward-thinking human resources practices.
With a career marked by extensive experience in human resources management and strategy, Castresana has played a crucial role in shaping policies that support Iberdrola's global operations across multiple continents. His efforts contribute significantly to the company's growth and adaptation to the dynamic challenges of the energy industry.
Dr. Agustín Delgado Martín is a prominent figure in the energy sector, known for his role at Iberdrola SA, one of the world’s leading utility companies. He is the Chief Innovation and Sustainability Officer at Iberdrola. In this capacity, Dr. Delgado plays a crucial role in shaping the company’s strategy for innovation and sustainability, driving its efforts towards a more sustainable energy future. He holds a Ph.D. in Industrial Engineering, which provides him with a strong technical foundation to lead research and development initiatives. Dr. Delgado is instrumental in overseeing projects related to the integration of renewable energy sources, smart grid technology, and sustainable practices across the organization. His work ensures that Iberdrola not only meets regulatory and environmental standards but also positions itself as a leader in the global transition to cleaner energy systems. Under his leadership, Iberdrola has undertaken numerous projects aimed at reducing carbon emissions and enhancing energy efficiency. Dr. Delgado's contributions extend beyond technical advancements; he is also involved in collaborating with governmental and non-governmental organizations to establish policies that promote sustainable development. Dr. Delgado's role is critical in fostering a culture of innovation within Iberdrola, encouraging the exploration of new technologies and business models to maintain the company’s competitive edge in the rapidly evolving energy landscape.
He holds a Ph.D. in Industrial Engineering, which provides him with a strong technical foundation to lead research and development initiatives. Dr. Delgado is instrumental in overseeing projects related to the integration of renewable energy sources, smart grid technology, and sustainable practices across the organization. His work ensures that Iberdrola not only meets regulatory and environmental standards but also positions itself as a leader in the global transition to cleaner energy systems.
Under his leadership, Iberdrola has undertaken numerous projects aimed at reducing carbon emissions and enhancing energy efficiency. Dr. Delgado's contributions extend beyond technical advancements; he is also involved in collaborating with governmental and non-governmental organizations to establish policies that promote sustainable development.
Dr. Delgado's role is critical in fostering a culture of innovation within Iberdrola, encouraging the exploration of new technologies and business models to maintain the company’s competitive edge in the rapidly evolving energy landscape.
Carlos Sallé Alonso has been a notable figure within Iberdrola SA, where he has contributed significantly to the company's strategic direction, particularly in relation to sustainability and climate policies. As part of his role, he has been instrumental in shaping and advocating for policies aligned with environmental stewardship and sustainable development. His work often involves collaborating with governmental, industrial, and non-governmental organizations to foster energy transition towards cleaner sources. Through his efforts, Iberdrola has aimed to strengthen its position as a global leader in renewable energy.