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Companhia Energetica Minas Gerais (CIG)
NYSE:CIG
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.07Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: -11.34%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Cemig reported a record-breaking financial performance with significant investments and sustainability achievements, despite some expected challenges in trading margins and specific segments like Gasmig. The overall sentiment is positive, driven by strong growth and strategic achievements.Company Guidance
In the Fourth Quarter 2024 Earnings Video Conference Call, Cemig reported unprecedented achievements, highlighting a remarkable fiscal year. The company achieved its highest-ever EBITDA of BRL11.3 billion and net profit, marking a 500-600% increase in key financial indicators compared to 2018. Cemig also reached a record annual CapEx of BRL5.7 billion, a substantial increase from BRL954 million in 2018, and secured a AAA rating from Fitch. The company successfully executed a divestment program, including the sale of Alianca Energia, and benefited from a significant BRL1.5 billion tariff review for transmission. Cemig's shares increased by 43%, adding BRL7 billion in market value, and the company plans to distribute BRL5 billion in dividends. Additionally, the company's commitment to sustainability is reflected in its 100% clean energy matrix and inclusion in the DJSI for the 25th consecutive year, among other accolades. Looking forward, Cemig plans to invest BRL59.1 billion from 2019 to 2028, focusing on infrastructure development, including substations and gas pipelines, aiming to enhance service quality and drive regional growth.Record-Breaking Financial Performance
Cemig achieved the highest EBITDA in its history at BRL11.3 billion, representing a significant growth compared to the previous year. Additionally, the company recorded the highest net profit and annual CapEx in its history, and received a AAA rating from Fitch.
Successful Investment and Divestment Strategy
The company invested BRL5.7 billion, a 34.8% annual average growth since 2018, and completed significant divestments including the sale of Alianca Energia, positively impacting tariff reviews and profitability.
Strong Sustainability Achievements
Cemig maintained a 100% clean energy matrix, remained in the DJSI for the 25th consecutive time, and was included in the S&P Global Sustainability Yearbook 2024. The company also adhered to the Utility for NetZero Alliance and issued renewable energy certificates.
Positive Shareholder Returns
The company reported the highest yield in the electric sector at 15%, with a 43% increase in preferred shares and a BRL7 billion market value increase. Cemig plans to distribute BRL5 billion in dividends if approved.
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CIG Earnings History
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
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CIG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | $1.94 | $1.81 | -6.70% |
| Nov 13, 2024 | $1.90 | $2.01 | +5.79% |
| Aug 13, 2024 | $1.86 | $1.99 | +6.99% |
| May 10, 2024 | $1.72 | $1.76 | +2.33% |
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.
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FAQ
When does Companhia Energetica Minas Gerais (CIG) report earnings?
Companhia Energetica Minas Gerais (CIG) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Companhia Energetica Minas Gerais (CIG) earnings time?
Companhia Energetica Minas Gerais (CIG) earnings time is at May 07, 2025, TBA Not 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 (Q1) is 0.06.
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