Companhia Energética de Minas Gerais Stock (NYSE:CIG)


ForecastRevenueOwnershipFinancialsChartTranscripts

Previous Close

$2.04

52W Range

$1.62 - $2.19

50D Avg

$2.00

200D Avg

$1.93

Market Cap

$6.35B

Avg Vol (3M)

$1.83M

Beta

0.82

Div Yield

$0.12 (3.10%)

CIG Company Profile


Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

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Industry

Diversified Utilities

Sector

Utilities

Exchange

NYSE

ADR

Yes

Country

BR

Employees

4,918

IPO Date

Nov 18, 1996

Website

CIG Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 20Dec 19
Transactions With EnergyR$35.00MR$5.00M
Advance Against Future Electricity SupplyR$9.00M-
ICMS Tax - Early PaymentR$12.00M-
Advance For Future Power SupplyR$7.00M-
Reimbursement For Cessation Of Power Purchase AgreementR$10.00M-
SecuritiesR$33.00M-
Reimbursement For Decontracted SupplyR$2.00MR$4.00M
Reimbursement For Suspension Of Supply Of PowerR$52.00M-
Receivables from Customers and TradersR$127.00MR$166.00M
Provision of servicesR$5.00MR$1.00M
Accounts Receivable - AFACR$27.00MR$17.00M
Provision Of Services-R$1.00M
Marketable Securities-R$8.00M

Fiscal year ends in Dec 23 | Currency in BRL

CIG Financial Summary


Dec 23Dec 22Dec 21
RevenueR$36.85BR$34.46BR$33.65B
Operating IncomeR$6.65BR$5.69BR$5.96B
Net IncomeR$5.76BR$4.09BR$3.75B
EBITDAR$7.93BR$7.50BR$7.01B
Basic EPSR$2.62R$1.86R$1.70
Diluted EPSR$2.62R$1.86R$1.70

Fiscal year ends in Dec 23 | Currency in BRL

Latest Earnings Call Transcripts


Q3 24Nov 18, 24 | 11:10 AM
Q2 24Aug 23, 24 | 12:52 PM
Q1 24May 15, 24 | 10:42 PM

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