ENERGY CO OF MINAS GERAIS (CIG) Form 6-K — Sep 9, 2026
CEMIG posted 2Q26 net operating revenue of R$11.16 billion (+3.4% YoY) with EBITDA of R$2.24 billion (+8.8%) and adjusted EBITDA of R$2.47 billion (+9.3%), but net income fell 20.4% YoY to R$945.4 million as net financial expenses surged 154.6% and leverage rose to 2.58x from 1.59x a year earlier. On shareholder returns, the company declared R$630.5 million in Interest on Equity on June 18, 2026 (R$0.22040514318 gross per share, payable by June 30 and December 30, 2027), after paying the first R$1.55 billion fiscal-2025 payout installment on June 30, 2026.
Key figures
- Revenue
- R$11,156.2 million (2Q26 net operating revenue)
- Guidance
- Investments totaling R$43.70 billion planned for 2026-2030, of which R$6.72 billion is earmarked for 2026
- Net Income
- R$945.4 million (2Q26, -20.4% YoY)
- Total Debt
- R$22,352.7 million gross debt (Jun/26)
- Debt Amount
- R$4.61 billion raised in 2Q26 (Cemig D 15th debentures R$1.15 billion plus US$280 million loan; Cemig GT 12th debentures R$2.0 billion)
- Revenue Yoy
- +3.4%
- Cash Position
- R$3,082.1 million (cash, equivalents + marketable securities, Jun/26)
- Net debt
- R$19,358.1 million (+58.3% YoY)
- Capex 1h26
- R$3.28 billion (+19.2% YoY)
- Ebitda 2q26
- R$2,239.3 million (+8.8% YoY)
- Energy losses 12m
- 11.40% vs 11.48% regulatory limit
- Tariff adjustment
- 6.5% average, effective May 28, 2026
- Market value jun26
- R$35,620 million
- Adjusted ebitda 2q26
- R$2,472.4 million (+9.3% YoY)
- Concession extension
- Sá Carvalho HPP extended 30 years effective Aug 31, 2026
- Arbitration provision
- R$190.6 million (plus R$26.2 million financial update)
- Ioe declared june 2026
- R$630,509,000 (R$0.22040514318 gross per share)
- Adjusted net income 2q26
- R$1.12 billion (-15.5% YoY)
- Net financial result 2q26
- -R$795.9 million (+154.6% YoY)
- Trading ebitda change yoy
- -R$383.4 million
- Distribution ebitda growth
- +19.0% YoY
- Ecl methodology revision impact
- +R$232.2 million in 2Q26
- Fy2025 first payout installment
- R$1,548,028 thousand (R$0.541139687 per share, paid June 30, 2026)
- Leverage net debt adjusted ebitda
- 2.58x (vs 1.59x a year ago)
AI analysis
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