Comp En De Mn Cemig ADS (NYSE:CIG) Releases Earnings Results

Comp En De Mn Cemig ADS (NYSE:CIG) announced its quarterly earnings data on Friday. The utilities provider reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02, Zacks reports. Comp En De Mn Cemig ADS had a return on equity of 16.89% and a net margin of 10.44%.

Here are the key takeaways from Comp En De Mn Cemig ADS’s conference call:

• Recurring EBITDA rose 31% year over year to about BRL 2 billion. Reported quarterly EBITDA was BRL 2.7 billion and net income BRL 1.7 billion, with net income benefiting from a BRL 1.1 billion reversal of tax provisions after a favorable court ruling.
• CEMIG reported a triple-A rating, 2.43x leverage and BRL 5.4 billion in cash at quarter-end; management said its debt maturity profile and funding access support its investment plans.
• The company plans close to BRL 7 billion of investment in 2026, with roughly 75% already invested, including BRL 4.1 billion in distribution. Management linked investment and operating improvements to better service metrics, with distribution spending also aimed at the 2028 tariff review.
• Results across businesses were mixed: trading swung to BRL 18 million positive EBITDA from a BRL 37 million loss, while lower inflation weighed on generation and transmission results and customer migration to the free market pressured Gasmig margins.
• CEMIG renewed the Sá Carvalho concession for another 30 years and said it is optimistic about renewals for Nova Ponte and Emborcação, though those decisions remain pending.

Comp En De Mn Cemig ADS Stock Performance

NYSE CIG traded up $0.07 on Friday, hitting $1.92. 2,282,893 shares of the company’s stock traded hands, compared to its average volume of 5,822,149. The firm’s 50-day moving average price is $2.12 and its two-hundred day moving average price is $2.20. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $5.48 billion, a PE ratio of 10.08 and a beta of 0.86. Comp En De Mn Cemig ADS has a 1-year low of $1.77 and a 1-year high of $2.76.

Wall Street Analysts Forecast Growth

CIG has been the topic of several analyst reports. Wall Street Zen raised Comp En De Mn Cemig ADS to a “hold” rating in a research report on Saturday, October 17th. Zacks Research assumed coverage on Comp En De Mn Cemig ADS in a report on Monday, November 2nd. They issued a “hold” rating on the stock. Finally, Weiss Ratings lowered Comp En De Mn Cemig ADS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Comp En De Mn Cemig ADS has a consensus rating of “Hold”.

Comp En De Mn Cemig ADS Company Profile

Companhia Energética de Minas Gerais S.A. (CEMIG) is a Brazilian electric utility headquartered in Belo Horizonte, in the state of Minas Gerais. Founded in 1952, the company is controlled by the state government of Minas Gerais. CEMIG generates, transmits and distributes electricity, with a power portfolio that includes hydroelectric and renewable energy facilities. It also participates in electricity trading and provides natural gas distribution services in Minas Gerais through its business interests in Gasmig.