Iberdrola reported net income of 1.5 billion euros in the first six months of 2015, up 7.4% on the same period last year, as increased revenue in its U.S. and other overseas operations offset declines in Spain.

Gross operating profit increased by 5.7% in the first half to 3.8 billion euros, thanks to the strong performance of its international business, which grew by 20%, compared to a 6.5% drop in Spain, the company said in a statement.

The company also reiterated plans to refile with regulators in Connecticut and Massachusetts its proposed acquisition of UIL Holdings, which was derailed earlier this month. (See Iberdrola Withdraws UIL Acquisition; Plans to Refile.)

The company only briefly mentioned its proposed acquisition of Connecticut-based UIL, which has gas and electric operations in New England. Iberdrola expects to close the deal in the fourth quarter of the year.

The company said it has received approvals from all four federal agencies required and expects to close the transaction in the fourth quarter.

— William Opalka