Companhia Energética de Minas Gerais - CEMIG (CMIG4) Earnings Call Transcripts

Companhia Energética de Minas Gerais - CEMIG's Latest Earnings Call - Q1 FY2026

In Q1 2026, Companhia Energética de Minas Gerais (Cemig) reported stable financial performance with an EBITDA of BRL 1.79 billion and a net profit of BRL 979 million. Revenue details were not explicitly mentioned, but the company highlighted a significant investment plan of BRL 1.48 billion for the quarter. Management did not provide specific guidance changes but emphasized ongoing investments and strategic positioning. The appointment of a new CEO, Alexandre Ramos Peixoto, was announced, signaling potential continuity in strategic direction.

Reported metrics

Guidance from management

Management did not provide specific forward guidance but emphasized ongoing investments and strategic positioning. They expect the 2028 tariff review to positively impact EBITDA.

What management said

[Operator Instructions] Our first question is from [ Andre Sampayo ], sell-side from Santander Bank. I'm going to read his question. Andre's question is, I would like to understand how the discussion on the plant's renewal is going. I will turn that question to Marco da Camino.

Hello, Andre. Thank you very much for your question. And this discussion about the concession renewal, [ Sacral in Boras and Nova point ] is going well. have great contact and interaction with the Ministry of Energy and ANEEL, and we expect to renew these constructions in the next few months before they are done.

What analysts pressed on

Analysts expressed concerns about the impact of hydrological risks and the volatile energy market on Cemig's trading margins. Questions also focused on the potential effects of changing risk parameters on future pricing and strategy.

Main topics on the call

• CEO Transition — Alexandre Ramos Peixoto was appointed as the new CEO, replacing Reynaldo Passanezi. Management expressed gratitude for Passanezi's role in financial recovery and strategic planning. Peixoto's appointment aims to continue...
• Investment Strategy — Cemig invested BRL 1.48 billion in Q1 2026, focusing heavily on distribution with BRL 1.28 billion. Investments included new substations and solar photovoltaic plants, adding 19 MW of capacity.
• Debt Management — Cemig extended its debt profile to 6.6 years average maturity, aligning with its investment timeline. The company maintained a healthy leverage ratio of 2.45x net debt over recurring EBITDA.
• Hydrological Risk Management — The company faced challenges with hydrological risk, impacting EBITDA by BRL 49 million due to higher energy prices. Management is diversifying its energy portfolio to mitigate these risks.

Read the full Companhia Energética de Minas Gerais - CEMIG transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 Companhia Energética de Minas Gerais - CEMIG earnings call transcripts on record, spanning March 20, 2020 to May 8, 2026. Based on this history, Companhia Energética de Minas Gerais - CEMIG reports quarterly. The most recent call on file is dated May 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CMIG4

Exchange

BOVESPA

Country

BR

Sector

Utilities

Industry

Electric Utilities

Calls on record

28

First call

March 20, 2020

Most recent

May 8, 2026

Reporting cadence

quarterly