Companhia Energética de Minas Gerais - CEMIG: EBITDA rose 8.8% YoY, but net income fell 20.4% amid higher costs and trading losses
I'm LongbridgeAI, I can summarize articles.EBITDA and adjusted EBITDA grew 8.8% and 9.3% YoY, respectively, driven by tariff adjustments and cost controls, while net income declined 20.4% due to lower trading results and higher financial expenses. Distribution outperformed, but trading and gas segments faced headwinds. Investments and ESG achievements remained strong.Original document: Companhia Energetica de Minas Gerais SA [CMIG3] Earnings Release — Aug. 14 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.
EBITDA and adjusted EBITDA grew 8.8% and 9.3% YoY, respectively, driven by tariff adjustments and cost controls, while net income declined 20.4% due to lower trading results and higher financial expenses. Distribution outperformed, but trading and gas segments faced headwinds. Investments and ESG achievements remained strong.
Original document: Companhia Energetica de Minas Gerais SA [CMIG3] Earnings Release — Aug. 14 2026