German power producer RWE raised its earnings outlook for the full year of 2021 on the back of exceptionally positive energy trading figures, which made up for negative effects from the Texas cold snap in February.

Adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) in the utility’s supply and trading division reached an unusually high level of €525m ($625m) in the first half of the year thanks to a strong trading performance.

Originally RWE had estimated a range of €150-350m for this segment.