
Companhia Energética de Minas Gerais - CEMIG (CIG) Q2 2026 Earnings Call Transcript
Companhia Energtica de Minas Gerais, is dedicated to the generation, transmission, distribution and sale of energy in Brazil. The company is headquartered in Belo Horizonte, Brazil.
| Revenue (TTM) | $43.74B |
| Gross Profit (TTM) | $4.96B |
| EBITDA | $7.95B |
| Operating Margin | 15.60% |
| Return on Equity | 15.90% |
| Return on Assets | 5.96% |
| Revenue/Share (TTM) | $15.24 |
| Book Value | $1.95 |
| Price-to-Book | 1.00 |
| Price-to-Sales (TTM) | 0.66 |
| EV/Revenue | 1.134 |
| EV/EBITDA | 6.87 |
| Quarterly Earnings Growth (YoY) | -20.50% |
| Quarterly Revenue Growth (YoY) | 3.40% |
| Shares Outstanding | $1.90B |
| Float | $2.38B |
| % Insiders | 0.00% |
| % Institutions | 7.90% |
Volatility is currently contracting

Companhia Energética de Minas Gerais - CEMIG (CIG) Q2 2026 Earnings Call Transcript

Comp En De Mn Cemig ADS NYSE: CIG reported recurring EBITDA of BRL 2.5 billion for the second quarter of 2026, with recurring EBITDA rising 9.3% from a year earlier and recurring net income increasing 15.6%, according to management during the company's earnings call.

CEMIG remains a compelling buy after an 18% stock drop, driven by weather and macro factors outside its control. CIG's core strengths include stable cash flow, sector-leading ESG credentials, and a focused investment plan targeting $8.8B from 2026–2030. Valuation is attractive, with a 7.66x EBITDA multiple and potential 30% upside to a $2.84 fair price if normalized to sector medians.

Companhia Energética de Minas Gerais - CEMIG (CIG) Q1 2026 Earnings Call Transcript
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