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Companhia Energética de Minas Gerais - CEMIG
Companhia Energética de Minas Gerais - CEMIG (CMIG4) investor relations material
Companhia Energética de Minas Gerais - CEMIG Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor presentation summary18 Aug, 2026
Strategic positioning and business model
Operates as one of Brazil's largest integrated utilities, serving over 9.6 million customers across 774 municipalities, with a balanced portfolio in distribution, generation, trading, transmission, and natural gas.
Maintains a verticalized platform with strong presence in Minas Gerais and assets in 26 Brazilian states and the Federal District.
Holds a local AAA credit rating, with low leverage and disciplined financial management.
Distribution concession extended to 2045, transmission to 2043, and gas to 2053, ensuring long-term operational stability.
Focuses on clean energy, with 100% of its portfolio from renewable sources.
Financial performance and investment
EBITDA reached R$ 7,496 million in 1H26, with strong cash flow and recurring high dividend yields (up to 15.1%).
Net leverage remains low, with net debt/EBITDA at 1.58 for generation/transmission and 2.89 for distribution.
Investment plan for 2026–2030 exceeds R$ 44 billion, prioritizing distribution (R$ 29 billion), generation, transmission, distributed generation, and gas.
R$ 3.3 billion invested in 1H26, up 19.2% YoY; total R$ 25.7 billion invested from 2019 to 2025.
Dividend policy guarantees a minimum 50% net income payout, supporting attractive shareholder returns.
Operational highlights and efficiency
Largest electricity distribution network in South America, with over 590,000 km of grid and 508 substations as of 1H26.
Regulatory OPEX and energy losses remain below regulatory limits, with continuous improvements in quality indicators (DEC/FEC).
Major digitalization and modernization initiatives, including installation of 1.25 million smart meters and expansion of remote telecontrol.
Rural and urban programs target network resilience, automation, and improved service quality.
Distributed generation leadership in Minas Gerais, with over 390,000 DG units connected and 5.12 GW installed power.
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Latest events from Companhia Energética de Minas Gerais - CEMIG
- Adjusted EBITDA rose 31.1%; contingency reversals boosted reported 3Q26 earnings.CMIG4
Q3 2026 - Record FY2023 earnings and R$35.6bn planned investment support growth and modernization.CMIG4Q4 2023
- EBITDA up 9.3% to BRL 2.47bn, net income down 15.6%, with BRL 4.6bn in new debt raised.CMIG4Q2 2026
- 2025 EBITDA R$ 7.3B, net income R$ 4.9B, investments R$ 6.6B, dividend yield 14.9%.CMIG4Q4 2025
- Adjusted EBITDA up 15.4% to R$2.21B; adjusted net profit rose 16.6% year-over-year.CMIG4Q2 2025
- Net profit surged 165% to R$3.28bn, with strong cash flow and record credit ratings.CMIG4Q3 2024
- Net profit surged 35.7% to R$1.69 billion, with strong EBITDA and major non-recurring gains.CMIG4Q2 2024
- Net profit dropped 9.9% YoY as EBITDA fell and investments hit record levels.CMIG4Q1 2025
- Record net income, strong cash flow, and robust investments drove value and shareholder returns.CMIG4Q4 2024
Next Companhia Energética de Minas Gerais - CEMIG earnings date
Q3 202613 Nov, 2026
Companhia Energética de Minas Gerais - CEMIG
Next Companhia Energética de Minas Gerais - CEMIG earnings date
Q3 202613 Nov, 2026
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Frequently asked questions
Companhia Energética de Minas Gerais, also known as CEMIG, is a Brazilian utility company engaged in the generation, transmission, and distribution of electricity. It serves residential, commercial, and industrial customers across various states in Brazil and operates a large portfolio of hydroelectric and thermoelectric plants. The company is also involved in energy trading and infrastructure services. Companhia Energética de Minas Gerais is headquartered in Belo Horizonte, Brazil, and its shares are listed on the B3.