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Central Puerto SA
(NYSE:CEPU)
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Rating:69Neutral
Price Target:
$15.00
▲(1.49% Upside)
Action:Reiterated
Date:06/18/26
The score is driven primarily by strong profitability and growth but is held back by weak cash conversion and volatile free cash flow. Technicals are supportive with price above key moving averages and positive momentum indicators, and valuation looks attractive on a low P/E.
Positive Factors
Diversified generation mix and regulated market position
A diversified fleet (thermal and renewables) plus sales into Argentina’s regulated wholesale market and long-term contracts supports more predictable dispatch and revenue profiles. This mix reduces single-technology risk and provides structural stability in cash generation versus pure merchant exposure.
Negative Factors
Weak cash conversion and volatile free cash flow
Poor cash conversion and materially volatile free cash flow weaken the company’s ability to fund capex, service debt, or sustain distributions from reported earnings. Structural gaps between income and cash reduce financial flexibility and raise the importance of working-capital and capex management.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified generation mix and regulated market position
A diversified fleet (thermal and renewables) plus sales into Argentina’s regulated wholesale market and long-term contracts supports more predictable dispatch and revenue profiles. This mix reduces single-technology risk and provides structural stability in cash generation versus pure merchant exposure.
Read all positive factors
Central Puerto SA (CEPU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.13B
Dividend YieldN/A
Average Volume (3M)223.48K
Price to Earnings (P/E)7.2
Beta (1Y)0.70
Revenue Growth13.93%
EPS Growth231.87%
CountryUS
Employees865
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)3197.90
Shares Outstanding150,237,840
10 Day Avg. Volume169,587
30 Day Avg. Volume223,484
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.50
Price to Sales (P/S)3.48
P/FCF Ratio30.56
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)2.08
Revenue Forecast (FY)$981.62M
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 through Argentina’s wholesale electricity market and through contracted arrangements with off-takers (including public-sector entities and/or large customers, depending ...
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
74
Positive
Cash Flow
46
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 | 6.64B | 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 | -141.02B | 124.78B | 86.29M | 335.77M | 58.40B | 174.41M |
| Operating Cash Flow | 145.47B | 468.95B | 241.92M | 369.17M | 62.61B | 230.83M |
| Investing Cash Flow | -625.94B | -353.33B | -188.99M | -233.15M | -39.59B | -74.20M |
| Financing Cash Flow | 246.26B | -70.73B | -70.94M | -196.19M | -12.88B | -157.21M |
Central Puerto SA Technical Analysis
Negative
14.78
Price Trends
14.78
Negative
14.96
Negative
15.41
Negative
Market Momentum
-0.39
Positive
35.84
Neutral
7.97
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 14.78 is above the 20-day moving average (MA) of 14.45, below the 50-day MA of 14.78, and below the 200-day MA of 15.41, indicating a bearish trend. The MACD of -0.39 indicates Positive momentum. The RSI at 35.84 is Neutral, neither overbought nor oversold. The STOCH value of 7.97 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | $2.13B | 7.23 | 17.76% | ― | 13.93% | 231.87% | |
67 Neutral | $6.04B | 10.87 | 10.70% | 4.41% | 9.54% | 294.77% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $1.10B | 5.27 | 14.48% | ― | -0.64% | -4.04% | |
65 Neutral | $380.05M | 13.21 | 10.29% | 2.09% | 9.95% | 199.00% |
* Utilities Sector Average
CEPU
Central Puerto SA
13.28
1.37
11.50%
EDN
Edenor SA
23.79
-3.74
-13.59%
GNE
Genie Energy Commo
14.66
-0.93
-5.94%
ENIC
Enel Chile SA
4.41
1.17
35.94%
Central Puerto SA Corporate Events
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.