Companhia Energética de Minas Gerais (CEMIG), through its various subsidiaries, plays a comprehensive role in Brazil's energy landscape, covering the production, transmission, ...
Companhia Energética de Minas Gerais (CEMIG), traded in the U.S. under ticker CIG-C, is one of Brazil’s major integrated electric utilities. Headquartered in Belo Horizonte, the group’s core business centers on producing electricity (with a large hydro base and additional wind and solar generation), transmitting power through high-voltage networks, distributing ...Companhia Energética de Minas Gerais (CEMIG), traded in the U.S. under ticker CIG-C, is one of Brazil’s major integrated electric utilities. Headquartered in Belo Horizonte, the group’s core business centers on producing electricity (with a large hydro base and additional wind and solar generation), transmitting power through high-voltage networks, distributing electricity to end customers, and commercializing energy—functions that together support reliable supply at scale in its concession areas.
From an infrastructure and operating perspective, CEMIG’s footprint reflects the typical requirements of a regulated utility: extensive distribution and transmission assets, backed by long-lived generation and grid investments. The company’s profile highlights a diversified generation fleet and major line networks, which are critical both for meeting demand and for maintaining regulatory service levels. In addition to traditional power operations, CEMIG expands into adjacent areas of the energy ecosystem. These include natural gas procurement, transportation, and supply (along with related by-products/derivatives), as well as energy trading activities.
CEMIG also provides technology and services that support utilities and public services. Its IT offerings (including cloud and infrastructure management and cybersecurity) and solutions for operational oversight of public service concessions indicate a capability beyond purely owning and operating energy assets—positioning the group to serve internal operations as well as external concession-related needs. Other activities referenced in its company description include telecommunications services, distributed generation, customer account handling, and initiatives for energy efficiency and supply/storage management.
Financially, CIG-C is associated with CEMIG’s ongoing capital-intensive model. Metrics provided for the listing (market capitalization, enterprise value, valuation multiples, and cash-flow related ratios) are consistent with a large utility where earnings and cash flows are influenced by regulation, network investment plans, and operating efficiency. As a regulated electric utility (industry: Regulated Electric), CEMIG’s business outcomes are also shaped by grid maintenance capex, generation expansion, and the economics of energy procurement and retail tariffs.
Key people and governance for the listing reflect Reynaldo Passanezi Filho as CEO in the provided data. Founded in 1952, CEMIG has built a multi-decade operating history and a group structure designed to strengthen the energy sector in Brazil. Overall, CEMIG’s strategy combines regulated electricity operations with selected energy-market and technology capabilities, aiming to sustain service reliability, manage large-scale infrastructure investment, and adapt to energy transition trends such as renewable generation and energy efficiency.
Plutux no es un asesor de inversiones. Los datos de mercado y el análisis generado por IA son solo informativos y educativos, no asesoramiento de inversión. Aviso legal
InteranualYoY significa Year-over-Year (interanual). Compara el último valor anual con el valor anual anterior para mostrar la fortaleza de la tendencia a largo plazo.
TrimestralQoQ significa Quarter-over-Quarter (intertrimestral). Compara el último trimestre con el trimestre inmediatamente anterior para mostrar cambios de impulso a corto plazo.
IngresosEl dinero total que entró por la puerta principal al vender cosas, antes de pagar una sola factura. Piensa en esto como el gran total de cada compra con tarjeta de los clientes. (YoY compara el rendimiento de este año con el del año pasado, mientras que QoQ compara los tres meses actuales con los tres anteriores).
$42.8B
+7.4%
+6.6%
Beneficio netoEl resultado final absoluto. Si la empresa pagara a cada proveedor, empleado, banquero y recaudador de impuestos, este es el dinero real que queda en su bolsillo al final del día.
$4.9B
-31.2%
-3.4%
Margen brutoEl margen básico. Si venden unas zapatillas de 100 dólares, este porcentaje indica cuánto de ese precio es ganancia justo después de pagar el caucho y los cordones, pero antes de pagar el alquiler de la tienda o los anuncios de televisión.
+16.9%
-13.9%
+10.6%
Margen operativoLa puntuación de eficiencia del 'trabajo diario'. De cada dólar que gasta un cliente, esto muestra cuántos centavos mantiene la empresa después de fabricar el producto Y pagar todos los gastos generales corporativos (como salarios, marketing y mantener las luces encendidas).
+14.8%
-21.3%
+33.4%
Margen netoEl porcentaje final que se lleva a casa. Cuando se eliminan todos los costos concebibles, impuestos y pagos de intereses, este es el número exacto de centavos que la empresa realmente se queda de cada dólar en ventas.
+11.5%
-35.9%
-9.4%
Flujo de caja libreEl santo grial del efectivo corporativo. Es el dinero físico gastable que queda después de que el negocio paga sus operaciones diarias Y compra las actualizaciones grandes y costosas (como nuevas fábricas o servidores) que necesita para sobrevivir. Este es el dinero 'libre' que pueden usar para pagar dividendos o recomprar acciones.
$3.3B
-27.7%
-49.8%
Margen FCFLa tasa definitiva de conversión de efectivo. Muestra qué tan buena es la empresa para convertir ventas regulares directamente en efectivo frío, duro y gastable. Un porcentaje alto significa que el negocio es una auténtica máquina de imprimir dinero.
+7.7%
-32.6%
-52.9%
Deuda/PatrimonioEl indicador de riesgo financiero. Compara cuánto del imperio de la empresa se construyó con dinero prestado (préstamos) frente al dinero propio de los propietarios (accionistas). Un número alto significa que están muy apalancados y juegan un juego más arriesgado; un número bajo significa que juegan a lo seguro.
69.6%
+49.9%
+12.5%
Ratio corrienteLa verificación de supervivencia de 12 meses. Simplemente compara el efectivo que tienen ahora mismo (más cosas que pueden convertirse rápidamente en efectivo) con las facturas inmediatas que absolutamente deben pagar este año. Una puntuación superior a 1 significa que tienen suficiente en la billetera para cubrir las próximas facturas sin entrar en pánico.
1.00x
+15.8%
+25.4%
Activos totalesEl tamaño absoluto del imperio de la empresa. Agrupa absolutamente todo lo valioso que poseen, desde el efectivo en la caja registradora y el inventario en el almacén, hasta las patentes de software en la bóveda y las fábricas en el suelo.
Carolina Senna: Good morning, everyone. I am Carolina Sena, Cemig's Investor Relations Superintendent. Welcome to Cemig's second quarter 2026 earnings video conference call. Please note that this video conference is being recorded, and it will be available on the company's IR website at ri.cemig.com.br, where you will also find the company's presentation. Should you need simultaneous interpretation, the feature is available by clicking on the globe icon located on the bottom of the screen. Upon choosing interpretation, select the language of your choice, Portuguese or English. Should you choose to follow the call in English, you may also select mute original audio. During the company's presentation, all participants will have their microphones disabled. After that, we will start the Q&A session. We now start Cemig's video conference with Alexandre Ramos Peixoto, CEO. Leonardo George de Magalhães, CFO, and IR Officer. Luis Cláudio Correa Villani, Chief Information Technology Officer. Demétrio Alexandre Ferreira, Chief Generation and Transmission Officer. Ernando Antunes Braga, Chief Distribution Officer. Sergio Lopes Cabral, Chief Trading Officer. Sérgio Pessoa de Paula Castro, Chief Legal Officer. Yuri Araujo de Mendonca, Cemig's CEO, and Ronaldo Xavier Moreira Jr., Cemig CFO and IR Officer. For the initial remarks, I now turn the floor to Alexandre Ramos Peixoto, our CEO, who will start the presentation. Please, Alexandre, the floor is yours. Thank you, Carol. Good morning, everyone. It is a real pleasure to be here with you on my first earnings call as a CEO ahead of our dear Cemig Group. I take on this role with great confidence. Confidence in the company we have built, also confidence in the quality of our people, the excellence of our professionals, and above all, in the great potential that lies ahead. I would like to start with a very clear message.
Alexandre Ramos Peixoto: We have a sound company. We deliver consistent results, and we know how to execute, and that consistency comes from a well-defined strategy, disciplined management, and a real ability to turn plans into tangible outcomes. It is important to make it very clear right now, the quality of the service provided to our clients, that will always be at the core of our priorities. We want to be recognized not only by our financial results, but also by the excellence of our operation and the quality of the experience we deliver to the millions of clients we serve. Over 9.5 million consuming units. That is why we will continue executing a relevant cycle of investments, especially in distribution. We have over 22 billion BRL in our tariff review cycle for May of 2028, and we are investing to turn these networks more robust, modern, resilient, and prepared for the new demands of our clients and also for the transformations in the electric sector, highlighting the full opening of the electric power market in Brazil, which should happen in November 25th, 2028. As all of you know, the …