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Companhia Energética de Minas Gerais (CIG) Revenue & Revenue Breakdown

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Companhia Energética de Minas Gerais Revenue Highlights

Latest Revenue (Y)

$36.85B

Latest Revenue (Q)

$9.06B

Main Segment (Y)

Receivables from Customers and Traders

Main Geography (Y)

Receivables from Customers and Traders

Companhia Energética de Minas Gerais Revenue by Period

Companhia Energética de Minas Gerais Revenue by Year

DateRevenueChange
2023-12-31$36.85B6.93%
2022-12-31$34.46B2.43%
2021-12-31$33.65B33.37%
2020-12-31$25.23B-0.64%
2019-12-31$25.39B14.03%
2018-12-31$22.27B2.55%
2017-12-31$21.71B15.66%
2016-12-31$18.77B-11.83%
2015-12-31$21.29B8.97%
2014-12-31$19.54B33.57%
2013-12-31$14.63B-20.75%
2012-12-31$18.46B16.73%
2011-12-31$15.81B22.94%
2010-12-31$12.86B-26.25%
2009-12-31$17.44B77.47%
2008-12-31$9.83B4.22%
2007-12-31$9.43B9.14%
2006-12-31$8.64B15.00%
2005-12-31$7.51B-1.84%
2004-12-31$7.65B26.89%
2003-12-31$6.03B23.81%
2002-12-31$4.87B-2.68%
2001-12-31$5.01B33.28%
2000-12-31$3.76B-

Companhia Energética de Minas Gerais generated $36.85B in revenue during NA 2023, up 6.93% compared to the previous quarter, and up 165.50% compared to the same period a year ago.

Companhia Energética de Minas Gerais Revenue by Quarter

DateRevenueChange
2024-03-31$9.06B-9.03%
2023-12-31$9.96B5.62%
2023-09-30$9.43B6.88%
2023-06-30$8.82B2.00%
2023-03-31$8.65B-11.34%
2022-12-31$9.75B5.75%
2022-09-30$9.22B12.29%
2022-06-30$8.21B4.67%
2022-03-31$7.85B-18.74%
2021-12-31$9.66B1.39%
2021-09-30$9.52B29.52%
2021-06-30$7.35B3.42%
2021-03-31$7.11B-2.12%
2020-12-31$7.26B13.14%
2020-09-30$6.42B8.20%
2020-06-30$5.93B-2.06%
2020-03-31$6.06B-5.17%
2019-12-31$6.39B5.25%
2019-09-30$6.07B-13.48%
2019-06-30$7.02B18.67%
2019-03-31$5.91B8.06%
2018-12-31$5.47B-12.48%
2018-09-30$6.25B11.52%
2018-06-30$5.61B13.60%
2018-03-31$4.94B-24.74%
2017-12-31$6.56B27.70%
2017-09-30$5.14B-1.33%
2017-06-30$5.21B8.15%
2017-03-31$4.81B3.14%
2016-12-31$4.67B-4.66%
2016-09-30$4.89B2.95%
2016-06-30$4.75B6.79%
2016-03-31$4.45B-15.45%
2015-12-31$5.27B10.04%
2015-09-30$4.79B-11.27%
2015-06-30$5.39B-7.84%
2015-03-31$5.85B-7.25%
2014-12-31$6.31B66.14%
2014-09-30$3.80B-18.76%
2014-06-30$4.67B-1.82%
2014-03-31$4.76B-57.04%
2013-12-31$11.08B-410.34%
2013-09-30$-3.57B-203.83%
2013-06-30$3.44B-6.49%
2013-03-31$3.68B-27.71%
2012-12-31$5.09B5.77%
2012-09-30$4.81B8.98%
2012-06-30$4.41B6.41%
2012-03-31$4.15B-4.45%
2011-12-31$4.34B7.56%
2011-09-30$4.04B6.07%
2011-06-30$3.80B12.35%
2011-03-31$3.39B-11.23%
2010-12-31$3.82B19.85%
2010-09-30$3.18B7.75%
2010-06-30$2.95B1.52%
2010-03-31$2.91B-56.03%
2009-12-31$6.62B121.12%
2009-09-30$2.99B0.69%
2009-06-30$2.97B25.60%
2009-03-31$2.37B39.81%
2008-12-31$1.69B-38.56%
2008-09-30$2.75B4.91%
2008-06-30$2.63B-4.67%
2008-03-31$2.75B23.27%
2007-12-31$2.23B-13.72%
2007-09-30$2.59B-

Companhia Energética de Minas Gerais generated $9.06B in revenue during Q1 2024, up -9.03% compared to the previous quarter, and up 92.87% compared to the same period a year ago.

Companhia Energética de Minas Gerais Revenue Breakdown

Companhia Energética de Minas Gerais Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 20Dec 19
Transactions With Energy$35.00M$5.00M
Advance Against Future Electricity Supply$9.00M-
ICMS Tax - Early Payment$12.00M-
Advance For Future Power Supply$7.00M-
Reimbursement For Decontracted Supply$2.00M$4.00M
Reimbursement For Suspension Of Supply Of Power$52.00M-
Reimbursement For Cessation Of Power Purchase Agreement$10.00M-
Securities$33.00M-
Receivables from Customers and Traders$127.00M$166.00M
Provision of services$5.00M$1.00M
Accounts Receivable - AFAC$27.00M$17.00M
Marketable Securities-$8.00M
Provision Of Services-$1.00M

Companhia Energética de Minas Gerais's latest annual revenue breakdown by segment (product or service), as of Dec 20: Receivables from Customers and Traders (39.81%), Reimbursement For Suspension Of Supply Of Power (16.30%), Transactions With Energy (10.97%), Securities (10.34%), Accounts Receivable - AFAC (8.46%), ICMS Tax - Early Payment (3.76%), Reimbursement For Cessation Of Power Purchase Agreement (3.13%), Advance Against Future Electricity Supply (2.82%), Advance For Future Power Supply (2.19%), Provision of services (1.57%), and Reimbursement For Decontracted Supply (0.63%).

Companhia Energética de Minas Gerais Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 20Dec 19
Advance For Future Power Supply$7.00M-
Reimbursement For Cessation Of Power Purchase Agreement$10.00M-
Reimbursement For Suspension Of Supply Of Power$52.00M-
Securities$33.00M-
ICMS Tax - Early Payment$12.00M-
Receivables from Customers and Traders$127.00M$166.00M
Provision of services$5.00M$1.00M
Transactions With Energy$35.00M$5.00M
Advance Against Future Electricity Supply$9.00M-
Reimbursement For Decontracted Supply$2.00M$4.00M
Accounts Receivable - AFAC$27.00M$17.00M
Provision Of Services-$1.00M
Marketable Securities-$8.00M

Companhia Energética de Minas Gerais's latest annual revenue breakdown by geography, as of Dec 20: Receivables from Customers and Traders (39.81%), Reimbursement For Suspension Of Supply Of Power (16.30%), Transactions With Energy (10.97%), Securities (10.34%), Accounts Receivable - AFAC (8.46%), ICMS Tax - Early Payment (3.76%), Reimbursement For Cessation Of Power Purchase Agreement (3.13%), Advance Against Future Electricity Supply (2.82%), Advance For Future Power Supply (2.19%), Provision of services (1.57%), and Reimbursement For Decontracted Supply (0.63%).

Companhia Energética de Minas Gerais Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CIGCompanhia Energética de Minas Gerais$36.85B$9.06B
ELPCompanhia Paranaense de Energia - COPEL$21.48B$5.42B
BKHBlack Hills$2.33B$402.60M
ALEALLETE$1.88B$407.20M
AVAAvista$1.75B$402.07M
NWENorthWestern$1.42B$345.16M
OTTROtter Tail$1.35B$338.03M
UTLUnitil$557.10M$92.90M
MNTKMontauk Renewables$174.90M$65.92M

CIG Revenue FAQ

What is Companhia Energética de Minas Gerais’s yearly revenue?

Companhia Energética de Minas Gerais's yearly revenue for 2023 was $36.85B, representing an increase of 6.93% compared to 2022. The company's yearly revenue for 2022 was $34.46B, representing an increase of 2.43% compared to 2021. CIG's yearly revenue for 2021 was $33.65B, representing an increase of 33.37% compared to 2020.

What is Companhia Energética de Minas Gerais’s quarterly revenue?

Companhia Energética de Minas Gerais's quarterly revenue for Q1 2024 was $9.06B, a -9.03% decrease from the previous quarter (Q4 2023), and a 4.75% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $9.96B, a 5.62% increase from the previous quarter (Q3 2023), and a 2.09% increase year-over-year (Q4 2022). CIG's quarterly revenue for Q3 2023 was $9.43B, a 6.88% increase from the previous quarter (Q2 2023), and a 2.21% increase year-over-year (Q3 2022).

What is Companhia Energética de Minas Gerais’s revenue growth rate?

Companhia Energética de Minas Gerais's revenue growth rate for the last 3 years (2021-2023) was 9.52%, and for the last 5 years (2019-2023) was 45.13%.

What are Companhia Energética de Minas Gerais’s revenue streams?

Companhia Energética de Minas Gerais's revenue streams in c 20 are Transactions With Energy, Advance Against Future Electricity Supply, ICMS Tax - Early Payment, Advance For Future Power Supply, Reimbursement For Decontracted Supply, Reimbursement For Suspension Of Supply Of Power, Reimbursement For Cessation Of Power Purchase Agreement, Securities, Receivables from Customers and Traders, Provision of services, and Accounts Receivable - AFAC. Transactions With Energy generated $35M in revenue, accounting 10.97% of the company's total revenue, up 600.00% year-over-year. Advance Against Future Electricity Supply generated $9M in revenue, accounting 2.82% of the company's total revenue ICMS Tax - Early Payment generated $12M in revenue, accounting 3.76% of the company's total revenue Advance For Future Power Supply generated $7M in revenue, accounting 2.19% of the company's total revenue Reimbursement For Decontracted Supply generated $2M in revenue, accounting 0.63% of the company's total revenue, down -50.00% year-over-year. Reimbursement For Suspension Of Supply Of Power generated $52M in revenue, accounting 16.30% of the company's total revenue Reimbursement For Cessation Of Power Purchase Agreement generated $10M in revenue, accounting 3.13% of the company's total revenue Securities generated $33M in revenue, accounting 10.34% of the company's total revenue Receivables from Customers and Traders generated $127M in revenue, accounting 39.81% of the company's total revenue, down -23.49% year-over-year. Provision of services generated $5M in revenue, accounting 1.57% of the company's total revenue, up 400.00% year-over-year. Accounts Receivable - AFAC generated $27M in revenue, accounting 8.46% of the company's total revenue, up 58.82% year-over-year.

What is Companhia Energética de Minas Gerais’s main source of revenue?

For the fiscal year ending Dec 20, the largest source of revenue of Companhia Energética de Minas Gerais was Receivables from Customers and Traders. This segment made a revenue of $127M, representing 39.81% of the company's total revenue.