Offshore wind
Loss-making, with a court-ordered continuation of the Vineyard Wind contract under appeal.
The numbers
What it is
Offshore wind turbines for US and European projects. Wind segment losses in 2025 came mainly from this business, and a federal stop-work order on offshore projects in December 2025 added to them.
Why it matters to the stock. Offshore losses are the main drag on group margins and the biggest source of execution risk. Any settlement, cancellation or appeal result moves the Wind segment directly.
News
GE Vernova and Vineyard Wind settle all litigation; termination notice withdrawn
GE Vernova and Vineyard Wind reached an amicable settlement on September 16, 2026 that resolves all outstanding litigation over the offshore wind project.
GE Vernova raises 2026 revenue guidance to $45.5B-$46.5B and free cash flow to $11.5B-$12.5B
GE Vernova raised its 2026 revenue outlook to $45.5 billion to $46.5 billion, from $44.5 billion to $45.5 billion.
GE Vernova shares fall after Q2 EBITDA miss, wider Wind losses and tariff cost estimate
Shares fell on July 22 after Reuters reported that GE Vernova's second-quarter adjusted EBITDA missed analyst estimates compiled by LSEG, even though orders, backlog and guidance were strong.
Gas equipment backlog and slot reservations rise to 100 GW, target 110 GW by year-end
In its first-quarter 2026 results, GE Vernova said gas equipment backlog plus slot reservation agreements rose to 100 GW from 83 GW at the end of 2025.
Judge blocks GE Vernova from ending its Vineyard Wind turbine contract
On April 17, 2026, Suffolk Superior Court Judge Peter Krupp in Boston granted Vineyard Wind a preliminary injunction that stops a GE Vernova unit from terminating its contract on the 62-turbine, 800 MW project.