Cemig's Q4 profit surges 88%, stock price rises 3%

LootboxPhobia · 2026-03-20T20:51:27+00:00

Brazil's state-owned utility company Cemig released its fourth-quarter earnings report, with net profit reaching 1.88 billion reais, up 88% year-over-year. The stock price rose approximately 3%, making it the best-performing stock in the Bovespa index. Analysts attributed the strong performance to robust energy trading revenues that offset the impact of declining costs and sales volumes.

LootboxPhobia

2026-03-20 20:51:27

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Investing.com – Brazil’s state-controlled power company Cemig (CMIG4.SA) shares rose about 3% on Friday after the company announced its Q4 earnings.

Cemig was the best-performing stock in the benchmark Bovespa (.BVSP) index, which declined 2%.

The company reported a net profit of 1.88 billion reais ($355.8 million), up 88% year-over-year.

Adjusted EBITDA totaled 2.95 billion reais, a 54% increase from the same period last year.

JPMorgan analysts said strong energy trading gains offset the impact of rising costs and declining sales dynamics.

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