Enel Américas Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong financial and operational results, with EBITDA up 16% and net income up 9% year-over-year, driven by grid investments and favorable currency trends. Regulatory risks in Brazil and a one-time wealth tax in Colombia impacted results, but guidance remains unchanged.
Fiscal Year 2025
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Q3 EBITDA rose 10% year-over-year to $1.03 billion, driven by strong generation in Colombia and grid improvements in Brazil. Investments surged, the share buyback was oversubscribed, and 2025 guidance for EBITDA and net income is reaffirmed.
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EBITDA rose 17% year-over-year (adjusted for FX), driven by strong grid and generation results, especially in Argentina and Colombia. Net income surged 172% on higher EBITDA and lower financial expenses. Guidance for 2025 is confirmed, with stable hydrology and ongoing regulatory reforms in key markets.
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Investments in grids and renewables drove operational improvements, with adjusted EBITDA up 5% year-over-year despite FX headwinds. Net income fell due to discontinued operations, but financial expenses dropped and guidance for 2025 is confirmed.
Fiscal Year 2024
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Investments in grids and renewables drove stable EBITDA despite FX and hydro challenges. Record net income, significant debt reduction, and a tripled dividend per share were achieved, with 2025 guidance confirmed and regulatory milestones ahead.
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Investments in grids and renewables drove operational growth, with EBITDA up 6% year-over-year for the first nine months. Hydrological stress in Colombia and currency devaluation in Brazil weighed on Q3 results, but debt reduction and positive free cash flow strengthened the financial position.
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Completed $4.4B asset sales in Peru, boosting net income and reducing net debt by 65%. Operational focus shifted to Brazil with increased grid investments, while renewable capacity and energy sales grew significantly. Dividend payout for 2024 will reflect record net income.