Companhia Energetica de Minas Gerais CEMIG
F:CID
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
C
|
Companhia Energetica de Minas Gerais CEMIG
F:CID
|
BR |
|
C
|
China Merchants Bank Co Ltd
OTC:CIHHF
|
CN |
|
Mitsubishi UFJ Financial Group Inc
TSE:8306
|
JP |
|
M
|
Motorola Solutions Inc
XMUN:MTLA
|
US |
|
Highwoods Properties Inc
NYSE:HIW
|
US |
|
Imricor Medical Systems Inc
ASX:IMR
|
US |
|
Amadeus IT Group SA
F:AI3A
|
ES |
|
Occidental Petroleum Corp
BMV:OXY1
|
US |
|
S
|
Shiseido Co Ltd
XMUN:SHD
|
JP |
|
Shopify Inc
NASDAQ:SHOP
|
CA |
|
TBS Holdings Inc
TSE:9401
|
JP |
|
F
|
First Industrial Realty Trust Inc
F:F5W
|
US |
|
Saudi Basic Industries Corporation SJSC
SAU:2010
|
SA |
|
R
|
Rayonier Advanced Materials Inc
SWB:RYQ
|
US |
|
F
|
Federal National Mortgage Association
SWB:FNM
|
US |
|
Palisade Bio Inc
NASDAQ:PALI
|
US |
|
T
|
Trillion Energy International Inc
F:Z62
|
CA |
|
Goldman Sachs BDC Inc
NYSE:GSBD
|
US |
|
B
|
Burlington Stores Inc
BMV:BURL
|
US |
|
P
|
Primoris Services Corp
F:1PM
|
US |
Companhia Energetica de Minas Gerais CEMIG
In the bustling economic landscape of Brazil, Companhia Energetica de Minas Gerais, or CEMIG, stands as a pivotal force in the energy sector. Founded in 1952, this publicly traded company is headquartered in Belo Horizonte and serves as a cornerstone for the state's energy needs. CEMIG's operations span the entire electricity value chain, which includes generation, transmission, distribution, and even a touch of commercialization. The company's extensive network stretches across 24 Brazilian states, making it one of the largest integrated utilities in Latin America. CEMIG generates power through a diversified energy mix, with hydroelectric plants dominating its portfolio. This strategic reliance on renewable energy sources not only taps into Brazil's rich natural resources but also aligns with global trends favoring sustainability. CEMIG’s financial backbone is fortified by its robust infrastructure, which ensures the efficient delivery of electricity to millions of consumers and businesses. The company earns revenue primarily through electricity tariffs, regulated by the Brazilian government, and it benefits from the natural monopoly formed by its grid network. In recent years, CEMIG has expanded its footprint in renewable energy, including wind and solar initiatives, as part of its long-term growth plans. By continually investing in modernization and smart technology, the company enhances its service reliability and resilience, thereby attracting long-term partnerships and investments. This strategic trajectory not only fortifies its position in the market but also promises sustainable profitability in an increasingly green-energy-focused world.
In the bustling economic landscape of Brazil, Companhia Energetica de Minas Gerais, or CEMIG, stands as a pivotal force in the energy sector. Founded in 1952, this publicly traded company is headquartered in Belo Horizonte and serves as a cornerstone for the state's energy needs. CEMIG's operations span the entire electricity value chain, which includes generation, transmission, distribution, and even a touch of commercialization. The company's extensive network stretches across 24 Brazilian states, making it one of the largest integrated utilities in Latin America. CEMIG generates power through a diversified energy mix, with hydroelectric plants dominating its portfolio. This strategic reliance on renewable energy sources not only taps into Brazil's rich natural resources but also aligns with global trends favoring sustainability.
CEMIG’s financial backbone is fortified by its robust infrastructure, which ensures the efficient delivery of electricity to millions of consumers and businesses. The company earns revenue primarily through electricity tariffs, regulated by the Brazilian government, and it benefits from the natural monopoly formed by its grid network. In recent years, CEMIG has expanded its footprint in renewable energy, including wind and solar initiatives, as part of its long-term growth plans. By continually investing in modernization and smart technology, the company enhances its service reliability and resilience, thereby attracting long-term partnerships and investments. This strategic trajectory not only fortifies its position in the market but also promises sustainable profitability in an increasingly green-energy-focused world.
EBITDA and profit: Cemig reported BRL 1.79 billion in EBITDA and BRL 979 million in profit for the quarter, with management describing the results as consistent with prior periods.
Investment push: The company invested BRL 1.48 billion in the quarter, led by distribution, as it continues a multi-year investment plan tied to the 2028 tariff review.
Headwinds: Higher power prices and a weaker hydrology profile hurt trading and generation, including a BRL 49 million EBITDA impact from hydrological risk management.
Efficiency: Cemig highlighted lower expenses from the post-employment agreement, better service indicators, and DEC of 8.75, which management said was the best in company history.
Balance sheet: Net debt to recurring EBITDA was 2.45x and average debt maturity reached 6.6 years, with management calling leverage comfortable and supported by two AAA ratings.
Outlook: Management said concession renewals are progressing well and expects the 2028 tariff review to help recognize the company’s investment base.
