The earnings call highlights significant investments and growth in adjusted EBITDA, alongside successful strategic initiatives like the GSF auction participation. However, challenges in the trading sector and noncash impacts from regulatory adjustments present some headwinds.

Company Guidance

During Cemig's Second Quarter 2025 earnings call, CEO Reynaldo Passanezi Filho highlighted several key metrics reflecting the company's robust performance. Cemig reported investments totaling BRL 2.7 billion in the first half of 2025, with an adjusted EBITDA of BRL 2.2 billion, demonstrating sound operational resilience. The company faced a noncash impact of BRL 199 million related to the RBSE review and a negative BRL 76 million from energy submarket differences, which they expect to neutralize. Cemig also achieved a tariff adjustment of 7.78% and secured the extension of concessions for three power plants through a BRL 200 million GSF auction. Additionally, Cemig's CFO Andrea Marques de Almeida discussed the successful execution of their BRL 2.8 billion annual investment plan, notably energizing nine substations and expanding low and medium voltage networks by over 2,600 kilometers. The company's leverage indicator stood at 1.59, supported by a cash flow ending at BRL 3 billion, underpinned by operational cash generation and debenture issuances. These strategic efforts underscore Cemig's commitment to future growth and sustainability in the energy sector.

Record Investment Program

Cemig is executing its largest investment program to date, with BRL 2.7 billion invested in the first half of 2025, focusing on the expansion and maintenance of infrastructure.

Adjusted EBITDA Growth

Adjusted EBITDA for the quarter reached BRL 2.2 billion, showing a robust performance and a 15% increase in recurring EBITDA compared to last year.

Successful GSF Auction Participation

Cemig secured concession extensions for three power plants in the GSF auction, adding years to their operational timeline and ensuring future sustainability.

Leverage and Debt Management

Net debt over adjusted EBITDA stands at 1.59, with a comfortable leverage position supporting the ongoing investment plan.

Positive Performance in Gasmig

Gasmig's EBITDA aligns with expectations, and net profit has increased significantly due to efficient cost management.

Companhia Energetica Minas Gerais (CIG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CIG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.07 / -	0.192	―	―	―
Aug 14, 2025	2025 (Q2)	0.05 / 0.08	0.103	-24.27% (-0.02)
May 07, 2025	2025 (Q1)	0.05 / 0.06	0.074	-13.51% (>-0.01)	―	―
Mar 20, 2025	2024 (Q4)	0.06 / 0.08	0.129	-35.66% (-0.05)
Nov 13, 2024	2024 (Q3)	0.13 / 0.19	0.079	143.04% (+0.11)	―	―
Aug 13, 2024	2024 (Q2)	0.10 / 0.10	0.084	22.62% (+0.02)	―	―
May 10, 2024	2024 (Q1)	0.07 / 0.07	0.101	-26.73% (-0.03)	―	―
Mar 21, 2024	2023 (Q4)	0.07 / 0.13	0.094	37.23% (+0.04)	―	―
Nov 09, 2023	2023 (Q3)	0.07 / 0.08	0.065	21.54% (+0.01)	―	―
Aug 03, 2023	2023 (Q2)	>-0.01 / 0.08	0.003	2700.00% (+0.08)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CIG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 14, 2025	$1.95	$1.95	0.00%
May 07, 2025	$1.73	$1.79	+3.47%
Mar 20, 2025	$1.81	$1.69	-6.63%
Nov 13, 2024	$1.77	$1.87	+5.65%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Companhia Energetica Minas Gerais (CIG) report earnings?

Companhia Energetica Minas Gerais (CIG) is schdueled to report earning on Nov 12, 2025, TBA (Confirmed).

What is Companhia Energetica Minas Gerais (CIG) earnings time?

Companhia Energetica Minas Gerais (CIG) earnings time is at Nov 12, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CIG EPS forecast?

CIG EPS forecast for the fiscal quarter 2025 (Q3) is 0.07.

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