SUBSCRIBE
PROFILE

Tunnel under the English Channel: Getlink Still Weighed Down by Its Electric Cable Activity

Getlink reports stable Q3 revenue despite a significant decline linked to the suspended ElecLink activity. The company relies on its traditional services to offset losses.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Getlink, the operator of the Channel Tunnel, presented a nearly stable revenue (-0.4%) in the third quarter. The decline in electricity prices continues to weigh on its electric link activity between France and England.

ElecLink, the one-gigawatt (GW) cable connecting the two countries for two years, saw its revenue drop by 21% in the third quarter, after being nearly halved in the first half of the year. According to the group, this decline is due to an expected normalization of electricity markets following two years of high prices.

Suspension of ElecLink and Financial Impact

This electric link has been suspended since September 25 and until November 16 due to a malfunction. Getlink estimated the commercial impact of this outage at approximately 46 million euros at the beginning of October. The suspension affects not only ElecLink’s revenues but also the reliability of services offered between France and the United Kingdom.

To achieve its 475 million euros in revenue in the third quarter, the group relied on the strong performance of its historical businesses, particularly the transportation of vehicles and passengers through the Channel Tunnel via Eurotunnel, which saw growth in the third quarter.

The revenue from this activity, amounting to 359 million euros, increased by 5% compared to the third quarter of the previous year, which Yann Leriche, Getlink’s CEO, described as a real satisfaction in the statement.

Traffic Details and Competition

Analyzing the traffic, the number of trucks increased by 2% in the third quarter, while that of cars decreased by 0.3%. Getlink remains affected by the intense competition from ferry operators, some of which deviate from the social models in place in the United Kingdom and France.

Despite a 1% decrease in the number of passengers, sales from Getlink’s rail network, including Eurostar, rose by 10% in the third quarter. This increase reflects a successful adaptation to the new dynamics of the rail market post-Brexit.

Financial Outlook and Objectives

Getlink took the opportunity of announcing its results to confirm its EBITDA target for 2024, expected to be between 780 and 830 million euros, below the 979 million euros achieved last year. This revision is due to the challenges faced by ElecLink and increased competition in the sector.

  • Popular on energynews.pro
CWP Energy and KfW IPEX-Bank secure £400mn financing for Sanquhar II wind farm
mPower launches first automated production line for solar modules dedicated to space
Harvest Midstream takes over Kenai LNG terminal to strengthen Alaska’s energy security
Turbo Energy tokenises hybrid projects via Stellar blockchain to target EaaS market
Venture Global signs 20-year LNG supply agreement with Mitsui
Sunsure Energy signs 19.36 MW hybrid solar-wind agreement with Deepak Fertilisers
Sunsure Energy will supply Deepak Fertilisers with 19.36 MW of hybrid solar and wind power, delivering 55 mn units of electricity annually to its industrial facility in Raigad, Maharashtra.
IonQ partners with University of Chicago to build next-generation quantum platform
IonQ will deploy a quantum computer and entanglement distribution network at the University of Chicago, strengthening its technological presence within the Chicago Quantum Exchange and accelerating its product roadmap.
VoltaGrid raises $5.0bn to deploy 4.3 GW of capacity by 2028
Texas-based energy solutions provider VoltaGrid secures record mixed financing to expand its decentralised power generation portfolio, primarily targeting hyperscale data centres.
IMCC and Maridive launch One Marine to capture offshore services demand
Kuwait's IMCC and Egypt's Maridive have formalised a joint venture based in Abu Dhabi to expand integrated offshore marine operations regionally and internationally.
Chevron strengthens post-Hess strategy and reassures markets on growth
In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.
Electricity shortage threatens AI ambitions of American tech giants
Facing surging computing needs, US tech leaders are hitting an energy wall that slows down data centre construction and revives demand for gas and coal.
NextNRG posts 196% revenue growth in October
NextNRG's monthly revenue reached $7.39mn in October, more than doubling year-over-year, driven by the expansion of its technology platforms and energy services across the United States.
Enbridge commits $3bn to new projects while maintaining 2025 guidance
The Canadian group posted record Q3 EBITDA, sanctioned $3bn worth of projects, and confirmed its full-year financial outlook despite a drop in net income.
OMS Energy turns to AI and robotics to capture global pipeline inspection market
OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.
Duke Energy expected to post Q3 growth driven by demand and revised rates
Duke Energy is set to release its third-quarter results on November 7, with earnings forecasts pointing upward, supported by strong electricity demand, new rate structures and infrastructure investments.
Engie maintains its 2025 targets despite pressure on energy prices
Engie maintains its 2025 earnings guidance despite falling energy prices and weaker hydro output, relying on its performance plan and a stronger expected fourth quarter.
Creekstone Energy raises funds for 10 GW AI energy campus in Utah
The funding round led by Trident Ridge and Pelion Ventures will allow Creekstone Energy to launch construction of its hybrid-generation site designed for AI-optimised data centres.
Air Products posts $394mn net loss in 2025 and streamlines energy project portfolio
The US group reported a $877mn operating loss for fiscal year 2025, impacted by $3.7bn in charges related to project exits and restructuring.
SLB launches Tela, an agentic artificial intelligence for upstream oil operations
SLB has unveiled Tela, an agentic artificial intelligence technology designed to automate upstream processes and enhance operational efficiency at scale.
Gibson Energy sets throughput record across terminals in Q3 2025
Gibson Energy reported record volumes in Canada and the United States, supported by the commissioning of key infrastructure and a cost reduction strategy.
TGS signs three-year strategic agreement with Chevron for offshore seismic acquisition
Norwegian provider TGS will mobilise its marine seismic resources for at least 18 months for Chevron under a three-year capacity agreement covering exploration and development projects.
Eversource posts $367.5mn profit in Q3 driven by electric distribution
Eversource Energy rebounded in the third quarter with a net profit of $367.5mn, driven by revenue increases in electric distribution and a sharp reduction in offshore wind-related losses.
Ameresco strengthens long-term visibility with $5.1bn order backlog
Ameresco posted a 5% increase in quarterly revenue, supported by stronger project execution and sustained demand for energy infrastructure solutions.
Primoris raises full-year forecast after 32% surge in revenue
US-based Primoris posted record quarterly revenue of $2.18bn, driven by strong momentum in its Energy and Utilities segments, and raised its earnings guidance for the full year 2025.
Constellation plans 5,800 MW of new capacity to secure Maryland’s power supply
Energy group Constellation proposes a massive investment in electricity generation and storage, with a planned capacity of 5,800 megawatts to meet rising energy demand in Maryland.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.