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Engie Brasil Energia SA (EGIEY)
OTHER OTC:EGIEY
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.17Last Year’s EPS
$0.23Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -19.42%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced outlook with notable achievements in strategic project wins, early operations of renewable energy projects, and advancements in diversity and award recognitions. However, the company faced challenges with a decline in adjusted EBITDA, significant reduction in net profit, high curtailment levels, and increased financial costs and debt. The achievements in project execution and strategic wins are offset by financial and operational challenges.Company Guidance
During the third quarter of 2024 earnings call for Engie Brasil Energia (EGIE3.SA), several key metrics and developments were highlighted. The company reported an adjusted EBITDA of BRL 1.65 billion, marking a 7% decrease from BRL 1.707 billion in the previous year. Net income also saw a significant reduction of about 30%, falling from BRL 867 million to BRL 658 million, primarily due to lower EBITDA and increased financial costs. Engie Brasil's net debt increased to BRL 19 billion, with a leverage ratio of 2.7x EBITDA. The company successfully secured Aneel's bid for Lot 1, involving 780 kilometers of connecting lines, and commenced early operations of 50 wind turbines at Serra do Assurua Wind Complex, achieving 27% of the project’s total installation. Additionally, the Assu Sol Photovoltaic Complex began operations, contributing 15 megawatts of its total 755 megawatts capacity. The issuance of debentures worth BRL 2 billion was part of the funding strategy to meet the projected CapEx of BRL 10 billion for 2024. Engie Brasil also received the Anefac Transparency Trophy for the 14th time, reflecting its commitment to excellent financial practices.Winning Aneel's Bid for Strategic Lot
Engie Brasil Energia won Aneel's bid for Lot 1 with 780 kilometers of strategic connecting lines in the state of Parana and Santa Catarina.
Early Commercial Operation of Wind Turbines
50 wind turbines at Serra do Assurua Wind Complex began early commercial operation, with 27% of the project installed.
Operational Start of Assu Sol Photovoltaic Complex
The first plant of the Assu Sol Photovoltaic Complex is operational, with 15 megawatts available out of a total of 755 megawatts.
Issuance of Debentures
Issued BRL 2 billion in debentures as part of CapEx funding for 2024.
Awards and Recognitions
Received Anefac Transparency Trophy for the 14th time and ranked as the best energy company by Melhores e Maiores Exame Magazine.
Significant Increase in Women in Leadership
Advancement in leadership positions from 26% to 30% and overall workforce from 28.8% to 31.4%.
Expansion Projects on Track
Projects like the Serra do Assurua Wind Complex and Asa Branca are progressing well, with anticipated completions ahead of schedule.
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EGIEY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EGIEY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $7.21 | $7.10 | -1.53% |
| Aug 07, 2024 | $7.68 | $7.81 | +1.69% |
| May 07, 2024 | $8.10 | $8.32 | +2.72% |
| Feb 27, 2024 | $8.00 | $7.99 | -0.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Engie Brasil Energia SA (EGIEY) report earnings?
Engie Brasil Energia SA (EGIEY) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Engie Brasil Energia SA (EGIEY) earnings time?
Engie Brasil Energia SA (EGIEY) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EGIEY EPS forecast?
EGIEY EPS forecast for the fiscal quarter 2024 (Q4) is $0.17.
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