NYSE$CIG
Companhia Energetica de Minas Gerais-ADR · Q4 2026 earnings
Q4 2026 earnings · · After market close · Investor relations
Briefing
CEMIG reported FY 2025 total revenues of R$42.8B (~$7.8B) across generation, transmission, and distribution.
For the year ended December 31, 2025, total revenues were R$42.75 billion versus R$39.82 billion in 2024, reflecting growth across regulated Brazilian power businesses. Distribution segment net income was R$2.12 billion; consolidated results are presented in the Form 20-F in Brazilian reais.
- Total revenues R$42.75B (+7% YoY).
- Distribution net income R$2.12B.
- Regulated utility model in Minas Gerais.
- Capital plan of R$5.89B for 2026.
Headline financials
Revenue & EPS history
Cemig · Revenue · Quarterly
R$42.8B
Forward guidance
ANEEL tariff reviews, hydrology, and FX drive outlook; dividend policy subject to leverage covenants.
Tailwinds
- Revenue growth on tariff and volume factors.
- Renewable and transmission investments continue.
Headwinds
- Hydrology and spot market exposure.
- Brazil macro, inflation, and FX volatility.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2026
-0.4%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+2.4%
Avg return
30 days after
51%
31 / 61 earnings
Positive
+7.3%
Q1 2022
Best reaction
-24.3%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -1.3% | -6.1% | -15.7% | |
| Q4 2026 | +4.0% | -1.9% | -15.0% | |
| Q2 2025 | -2.6% | +1.5% | +7.2% | |
| Q4 2024 | -7.1% | -7.6% | -11.6% | |
| Q3 2024 | +7.3% | -1.5% | -12.9% | |
| Q1 2024 | -1.5% | +1.6% | -4.5% | |
| Q4 2023 | -1.7% | +0.0% | -1.7% | |
| Q3 2023 | -0.5% | +1.2% | -13.3% | |
| Q2 2023 | -5.1% | -6.6% | -4.3% | |
| Q1 2023 | -1.6% | -1.2% | -2.5% | |
| Q4 2022 | -5.1% | -1.5% | +4.9% | |
| Q3 2022 | +2.0% | -1.0% | +6.6% | |
| Q1 2022 | +7.3% | +13.4% | -12.6% | |
| Q4 2021 | -2.1% | -7.1% | +2.9% | |
| Q3 2021 | +2.8% | +0.8% | +1.6% | |
| Q2 2021 | +0.0% | +2.4% | +18.0% | |
| Q1 2021 | +5.3% | +7.1% | +15.6% | |
| Q4 2020 | -2.6% | -1.0% | -11.5% | |
| Q3 2020 | +1.9% | +4.9% | -1.1% | |
| Q2 2020 | +6.9% | +3.5% | +21.4% | |
| Q1 2020 | -9.3% | -14.0% | +0.0% | |
| Q4 2019 | +0.6% | -2.3% | +2.6% | |
| Q3 2019 | +2.3% | +1.5% | -0.3% | |
| Q2 2019 | +0.5% | +1.8% | -3.4% | |
| Q1 2019 | -0.5% | +1.7% | +3.6% | |
| Q4 2018 | +5.6% | +5.1% | +6.0% | |
| Q3 2018 | +0.0% | +27.5% | +75.4% | |
| Q2 2018 | +0.5% | +3.3% | +16.8% | |
| Q1 2018 | -3.8% | -5.0% | -7.4% | |
| Q4 2017 | +3.8% | +1.5% | +14.1% | |
| Q3 2017 | -1.8% | +1.4% | -7.5% | |
| Q2 2017 | +0.8% | +0.8% | +10.3% | |
| Q1 2017 | -24.3% | -24.5% | -18.4% | |
| Q4 2016 | -1.4% | -25.8% | -22.6% | |
| Q3 2016 | +2.2% | +2.3% | +12.8% | |
| Q2 2016 | +4.6% | +10.0% | +31.3% | |
| Q1 2016 | -5.9% | — | — | |
| Q4 2015 | -5.9% | — | — | |
| Q3 2015 | +5.4% | — | — | |
| Q2 2015 | -2.6% | — | — | |
| Q1 2015 | +3.9% | — | — | |
| Q4 2014 | -1.6% | — | — | |
| Q3 2014 | -14.9% | — | — | |
| Q1 2025 | — | — | — | |
| Q2 2014 | -3.1% | — | — | |
| Q1 2014 | -1.7% | — | — | |
| Q4 2013 | -1.7% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | +0.2% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q3 2012 | +0.2% | — | — | |
| Q2 2012 | +3.5% | — | — | |
| Q1 2001 | +3.8% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q3 2011 | -6.1% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q1 2011 | +5.1% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q3 2010 | +3.1% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q1 2010 | -0.2% | — | — |
Discussion
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