Enel Américas S.A. (ENELAM) Earnings Call Transcripts

Enel Américas S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Enel Américas S.A. reported solid financial performance, with EBITDA reaching $1.17 billion, a 16% increase year-over-year, and net income rising 9% to $0.27 billion. The company maintained its guidance for EBITDA, CapEx, and funds from operations, signaling confidence in its strategic plan despite regulatory challenges in Brazil. Total CapEx for the quarter was $0.45 billion, reflecting a 10% year-on-year increase, primarily driven by investments in Grids across Argentina and Brazil.

Reported metrics

Guidance from management

Enel Américas maintained its guidance for 2026, expecting no changes to EBITDA, CapEx, or funds from operations, indicating confidence in their operational strategy amidst regulatory challenges.

What management said

Well, disciplined capital allocation remains at the core of our strategy. We continue to prioritize investment in Grids, focusing on improving the resilience and quality of our customers. First quarter results demonstrate the strength of this strategy. Performance was solid across all countries, led by Grids and further supported by favorable currency trends. Finally, we remain strongly focused on regulatory advocacy...

Thank you, Giuseppe. Thank you, Rafael. We now begin the Q&A session. Let me remind you that you can send your questions through the webcast. So first question about the concessions in Brazil. We have some questions about this topic. So basically about an update on the status of the concession in Sao Paulo. And can you share an indication of the reimbursement you will receive in case the concession is not extended?

What analysts pressed on

Analysts expressed concerns regarding the regulatory situation in Brazil, particularly the potential impact of the Sao Paulo concession review on future earnings. There were also questions about the company's debt levels and their implications for financial flexibility.

Main topics on the call

• Strong EBITDA Growth — Enel Américas reported EBITDA of $1.17 billion, a 16% increase compared to Q1 2025, driven by better tariff indexation and higher energy distribution. Management noted, "Growth was driven by strong results in Grids due t...
• CapEx Increase — Total CapEx reached $0.45 billion, a 10% increase year-over-year, with significant investments in Grids in Argentina and Brazil. The CEO emphasized, "Grids represents 88% of the total CapEx, while the integrated business...
• Regulatory Challenges in Brazil — Management highlighted ongoing regulatory issues, particularly regarding the Sao Paulo distribution concession, which is under review by ANEEL. The CEO stated, "We are preparing our defense to the regulator before May 13...
• Stable Guidance Maintained — Management confirmed that there are no changes to the 2026 guidance for EBITDA, CapEx, or funds from operations, indicating confidence in their strategic plan. The CFO stated, "We do not foresee any changes to EBITDA, Ca...

Read the full Enel Américas S.A. 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 30 Enel Américas S.A. earnings call transcripts on record, spanning February 26, 2020 to July 29, 2026. Based on this history, Enel Américas S.A. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ENELAM

Exchange

SNSE

Country

CL

Sector

Utilities

Industry

Electric Utilities

Calls on record

30

First call

February 26, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly