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Central Puerto SA
(NYSE:CEPU)
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Rating:64Neutral
Price Target:
$14.50
▲(7.33% Upside)
Action:Reiterated
Date:09/19/26
The score is led by solid financial performance (strong current margins and growth, with manageable leverage) and an attractive low P/E valuation, but is meaningfully held back by weak technicals (trading below major moving averages) and mixed cash-flow quality (modest and declining free cash flow versus net income, with volatility).
Positive Factors
Strong profitability and revenue growth
The latest results combine strong profitability with rapid revenue expansion, indicating improved earnings power across Central Puerto’s generation portfolio. If operating performance remains supported by dispatch, pricing and availability, this scale can strengthen reinvestment capacity and competitive position over the next several quarters.
Negative Factors
Debt has increased
Although leverage remains manageable, the increase in total debt raises the company’s financial risk if profitability or cash generation weakens. Higher obligations can reduce flexibility for future generation investments and make earnings more sensitive to changes in operating performance and financing conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and revenue growth
The latest results combine strong profitability with rapid revenue expansion, indicating improved earnings power across Central Puerto’s generation portfolio. If operating performance remains supported by dispatch, pricing and availability, this scale can strengthen reinvestment capacity and competitive position over the next several quarters.
Read all positive factors
Central Puerto SA (CEPU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.93B
Dividend Yield9.16%
Average Volume (3M)240.21K
Price to Earnings (P/E)6.0
Beta (1Y)0.66
Revenue Growth50.81%
EPS Growth107.08%
CountryUS
Employees865
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)3197.90
Shares Outstanding149,986,240
10 Day Avg. Volume305,388
30 Day Avg. Volume240,212
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.50
Price to Sales (P/S)3.48
P/FCF Ratio32.93
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$28.00Price Target Upside107.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.15
Revenue Forecast (FY)$1.13B
Central Puerto SA Business Overview & Revenue Model
Company Description
Central Puerto S.A. is an Argentine energy firm specializing in the production and supply of electricity. It serves a broad client base, including both public sector entities and private consumers throughout Argentina. Beyond electrical generation...
How the Company Makes Money
Central Puerto primarily makes money by generating electricity and selling it into Argentina’s power market under the country’s market rules. Key revenue streams include: (1) sales of electricity (MWh) produced by its thermal and renewable plants,...
Central Puerto SA Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 11, 2027
Earnings Call Sentiment Positive
The call conveyed materially positive financial and commercial progress: strong revenue and adjusted EBITDA growth, improved market share and contracting, progress on battery projects, closed acquisition of oil & gas blocks and a healthy net leverage ratio. Offsetting risks include some q/q generation declines, an outstanding unit outage, dependence on self‑procured fuel and seasonal spot margins that may moderate, receivable exposure to CAMMESA, and sizable near‑term capex and debt maturities. Overall, the positive execution and growth initiatives outweigh the challenges, but several operational and market risks will require monitoring.Positive Updates
Strong Adjusted EBITDA Growth
Adjusted EBITDA of $145.0 million in Q2 2026, up 20.1% quarter-on-quarter (from $120.7M) and up 136.2% year-on-year (from $61.4M), driven by margins on self-procured liquid fuels, seasonal spot prices and new contracted thermal energy.
Negative Updates
Quarter-on-Quarter Generation Decline
Total generation fell 3.1% q/q (from 5.42k GWh in Q1 to 5.25k GWh in Q2 2026), driven by declines in legacy steam turbines and renewables.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Adjusted EBITDA Growth
Adjusted EBITDA of $145.0 million in Q2 2026, up 20.1% quarter-on-quarter (from $120.7M) and up 136.2% year-on-year (from $61.4M), driven by margins on self-procured liquid fuels, seasonal spot prices and new contracted thermal energy.
Read all positive updates
Company Guidance
Guidance highlights: the two battery projects are on track to be energized in Oct–Nov and reach commercial operation in Q4 2026, and are expected to add $25–27M to adjusted EBITDA in 2027; Q3 self‑procured fuel exposure should be similar to June/July with lower LNG and little liquid fuel in August and a reduction in Q4 until local gas procurement ramps (management targets ~4–5 mcm/day of local gas, roughly a third–40% of consumption over time); a government capacity scheme may launch this or next quarter with potential contract awards next year; financial flexibility remains strong with net financial leverage 1.2x (net debt $493.4M on LTM adj. EBITDA $403.8M), total debt $671.9M, cash/financial assets $178.4M, $176.4M of maturities due later this year, H1 capex $421.9M (Piedra del Águila $245M, oil & gas $50M, BESS $106M, maintenance $20.9M), Class D notes $130.1M at 6% and Class E notes $94.3M at 5.5% issued to fund working capital/fuel, and operational/market metrics underpinning guidance include Q2 adj. EBITDA $145M (+20.1% q/q, +136.2% y/y), revenues $453.3M (+82.3% q/q, +165.8% y/y), generation 5.25k GWh (~15% of the grid; −3.1% q/q, +20.1% y/y), MAT share >35%, contracted sales = 55% of volumes/48% of revenues, FONINVEMEM collections $16M and outstanding credit $104.8M.Central Puerto SA Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
73
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.67T | 1.10T | 738.17B | 682.84B | 687.58B | 346.24B |
| Gross Profit | 570.06B | 392.94B | 291.64B | 225.17B | 325.98B | 166.92B |
| EBITDA | 836.43B | 666.93B | 313.94B | 569.26B | 349.64B | 139.78B |
| Net Income | 478.81B | 346.35B | 49.60B | 322.39B | 129.12B | -4.50B |
Balance Sheet | ||||||
| Total Assets | 4.93T | 3.67T | 2.66T | 3.06T | 1.19T | 391.45B |
| Cash, Cash Equivalents and Short-Term Investments | 266.57B | 337.73B | 244.02B | 224.97B | 158.78B | 39.20B |
| Total Debt | 1.02T | 492.84B | 380.79B | 729.91B | 197.52B | 82.10B |
| Total Liabilities | 1.87T | 1.05T | 798.95B | 1.19T | 375.52B | 144.46B |
| Stockholders Equity | 2.96T | 2.55T | 1.80T | 1.82T | 813.26B | 246.66B |
Cash Flow | ||||||
| Free Cash Flow | 61.20B | 115.80B | 86.29M | 335.77M | 58.40B | 174.41M |
| Operating Cash Flow | 409.93B | 411.21B | 241.92M | 369.17M | 62.61B | 230.83M |
| Investing Cash Flow | -779.99B | -276.44B | -188.99M | -233.15M | -39.59B | -74.20M |
| Financing Cash Flow | 365.61B | -96.24B | -70.94M | -196.19M | -12.88B | -157.21M |
Central Puerto SA Technical Analysis
Negative
13.51
Price Trends
12.74
Negative
13.24
Negative
13.95
Negative
Market Momentum
-0.22
Positive
38.12
Neutral
4.88
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CEPU, the sentiment is Negative. The current price of 13.51 is above the 20-day moving average (MA) of 12.61, above the 50-day MA of 12.74, and below the 200-day MA of 13.95, indicating a bearish trend. The MACD of -0.22 indicates Positive momentum. The RSI at 38.12 is Neutral, neither overbought nor oversold. The STOCH value of 4.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CEPU.
Central Puerto SA Risk Analysis
Central Puerto SA disclosed 69 risk factors in its most recent earnings report. Central Puerto SA reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Central Puerto SA Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $9.09B | 15.40 | 12.91% | 4.21% | 26.97% | 11.70% | |
70 Outperform | $4.42B | 7.49 | 15.56% | 0.66% | 28.77% | 25.20% | |
67 Neutral | $5.76B | 10.21 | 10.70% | 4.67% | 9.54% | 294.77% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | $1.93B | 6.00 | 18.17% | 9.16% | 50.81% | 107.08% | |
62 Neutral | $7.11B | 10.58 | 15.93% | 9.08% | 12.93% | -24.59% | |
58 Neutral | $1.01B | 5.77 | 10.46% | ― | 1.93% | -35.13% |
* Utilities Sector Average
CEPU
Central Puerto SA
11.83
4.57
62.97%
CIG
Companhia Energetica Minas Gerais
2.10
0.27
14.44%
EDN
Edenor SA
20.05
4.53
29.19%
PAM
Pampa Energia SA
76.09
15.29
25.15%
ENIC
Enel Chile SA
4.13
0.47
12.96%
ELPC
Companhia Paranaense de Energia Sponsored ADR
12.37
4.15
50.41%
Central Puerto SA Corporate Events
Central Puerto Approves Large Cash Dividend for September 2026
Sep 16, 2026
Central Puerto S.A. announced on September 16, 2026 that its board has approved a cash dividend by partially reversing its optional reserve for dividends in the amount of ARS 247,344,290,288. The distribution, equivalent to ARS 164 per share and b...
Central Puerto Unloads AbraSilver Stake and Announces Extraordinary Dividend
Sep 16, 2026
Central Puerto S.A. reported on September 16, 2026 that, after reviewing its investment portfolio, it determined its stake in AbraSilver Resource Corp. was no longer strategic and sold 100% of its shareholding. The sale generated proceeds of C$228...
Central Puerto Announces September Share Buyback on BYMA
Sep 10, 2026
On September 9, 2026, Central Puerto S.A. reported to Argentine market regulators that it had executed a share repurchase transaction in line with the country’s Capital Markets Law and securities regulations. The company bought back 87,337 b...
Central Puerto Announces Local Share Buyback on BYMA
Sep 8, 2026
Central Puerto S.A., headquartered in Buenos Aires, is an Argentine energy company whose shares trade both locally on Bolsas y Mercados Argentinos (BYMA) and internationally on the New York Stock Exchange (NYSE). The company operates within the ca...
Central Puerto Executes Share Buyback on BYMA in Compliance With CNV Rules
Sep 8, 2026
Central Puerto S.A., listed in Buenos Aires and New York, is one of Argentina’s leading power generation companies, operating thermal and renewable plants that supply electricity to the national grid. From its headquarters in Buenos Aires, t...
Central Puerto Launches US$30 Million Share Buyback to Address Perceived Undervaluation
Sep 1, 2026
On August 31, 2026, Central Puerto S.A.’s board approved a share repurchase program of up to US$30 million, allowing the company and its subsidiaries to buy back up to 10% of its share capital within 180 days under Argentine capital markets ...
Central Puerto S.A. Posts Strong Profit and Asset Growth in First Half of 2026
Aug 19, 2026
Central Puerto S.A. reported consolidated financial results for the six-month period ended June 30, 2026, showing revenues of ARS 1,040,177,268 thousand and net income of ARS 332,391,852 thousand, significantly higher than the prior-year period. T...
Central Puerto Posts Strong First-Half 2026 Earnings and Bolsters Asset Base
Aug 12, 2026
Central Puerto reported condensed consolidated financial statements for the six months ended June 30, 2026, showing strong revenue growth and profitability compared with the prior-year period. Net income for the half-year reached ARS 332.4 billion...
Central Puerto Sets August Dates for Q2 2026 Earnings Release and Investor Call
Jul 17, 2026
Central Puerto S.A. announced on July 17, 2026, that it will publish its second quarter 2026 financial results on Tuesday, August 11, 2026. The company’s leadership will discuss the quarterly performance in a conference call scheduled for We...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.