Engie Brasil Energia SA earnings date
Engie Brasil Energia SA (7TE1) Q3 2026 Earnings Report
DE:7TE1 Q3 2026 EPS Results
- Actual EPS
- EUR 0.08
- Consensus EPS
- EUR 0.12
- Beat/Miss
- Missed by -EUR 0.04
- One Year Ago EPS
- EUR 0.10
DE:7TE1 Q3 2026 Revenue Results
- Actual Revenue
- ―
- Expected Revenue
- EUR 482.63M
- Beat/Miss
- ―
- YoY Revenue Growth
- ―
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/10/2026
- Time
- After Close
- Conference Call
- Tuesday, November 10, 2026
Engie Brasil Energia SA's next earnings date is estimated for February 24, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call had a positive tone, supported by growth in adjusted EBITDA and adjusted net income, improved renewable generation, progress on transmission and expansion projects, lower leverage, a credit-rating upgrade and continued support for growth in Brazil. The main challenges were higher financial and depreciation expenses, wind curtailment, safety metrics above benchmark, unresolved TAG tax and reimbursement matters, and temporary caution in social investment. Highlights significantly outweighed the lowlights.
The company expects Jaguara to start operations in 2030, Asa Branca and Grauna to start operating by the end of '27 and '28, and accelerated growth in '26 and throughout 2027 as well for transmission projects; Colibri is well underway and these projects are expected to be faster, with 4 condensers. For '27 and '28, it has a very high level of contracted business, 23% to 27%, while exposure to prices is relatively low and major exposure continues to be volumes due to GSF per se and curtailment, solar and wind power generation. The battery auction is expected to take place in the beginning of December, and the company expects to take part considering the macroeconomic conditions. It will keep the 55% payout for the time being, evaluate this year-on-year or semester on semester based on CapEx and leverage, and said that as long as leverage is above 3, it doesn't make sense to accelerate dividends; it is difficult to answer when it will be back to 100%.
- Jirau Energia Stake Transfer CompletedENGIE completed the transfer of its 40% participation in Jirau Energia in July. Results have since been recognized through equity equivalence, with Jirau contributing BRL 35 million to third-quarter EBITDA.
- Cana Brava and Ponte de Pedra UBP RepactuationThe company completed the repactuation of the Cana Brava and Ponte de Pedra Public Asset Use agreements, with third-quarter results benefiting from the improvement in these businesses. The UBP liability declined from BRL 5.3 billion to BRL 4.2 billion, reducing concession expenses.
- Credit Rating UpgradeFitch upgraded ENGIE Brasil Energia's rating from BBB- to BBB and reaffirmed the company's other ratings.
- Subsidiary Merger Approved for Shareholder ReviewThe Board of Directors approved the incorporation of ENGIE Brasil Comercializadora, and an extraordinary shareholders meeting was called to discuss the merger.
- Sixteenth Transparency AwardENGIE Brasil Energia received the Transparency Award for the 16th time, recognizing the quality and transparency of the company's financial information.
- Adjusted EBITDA GrowthThird-quarter adjusted EBITDA reached BRL 1.9 billion, increasing 4.1% compared with the third quarter of 2025. Nine-month adjusted EBITDA totaled BRL 6.4 billion, up 10.3% year over year, supported by the Generation segment, new renewable assets, new long-term contracts and disciplined asset allocation.
- Adjusted Net Income IncreasedThird-quarter adjusted net income was BRL 716 million, up 2.1% compared with the third quarter of 2025. Excluding the nonrecurring UBP repactuation factor recognized in the second quarter, nine-month adjusted net income reached BRL 2.2 billion, an increase of 3.8% from the same period of 2025.
- Renewable Generation Performance ImprovedPhotovoltaic plants recovered very well and became among the company's main assets across its technologies. Hydro and wind generation also advanced to levels close to 100%, highlighting the performance of solar generation.
- Improved GSF PerformanceThe Generating Scaling Factor, typically the lowest in the quarter, showed marked growth compared with the same quarter of the previous year, increasing almost 10%.
- Strong Contracting Position and Limited Price ExposureFor 2027 and 2028, the company reported a very high level of contracted business, described as 23% to 27%. Unavailable energy has been reduced year by year, while exposure to prices remains relatively low.
- Revenue and Trading ContributionsOrganic revenue increased by almost BRL 50 million, with a positive variation in trading. Transmission also contributed a similar accounting effect, with revenue increasing almost 10% in the period.
- Regulatory EBITDA ExpansionRegulatory EBITDA increased 7.7% compared with the previous year. Generation contributed BRL 90 million of growth, while Transmission increased by BRL 32 million, or 19%. Adjusted EBITDA increased around 4%.
- Low-Emissions Generation ProfileThe company reported very low emissions intensity, reflecting the profile of its Generation business.
- Women in Leadership IncreasedThe participation of women in leadership positions increased from 30.9% to 32.1%, consistent with the company's commitment to increasing the number of women in chief positions.
- Innovation Investment IncreasedInnovation investments reached BRL 46.7 million in the first nine months of the year, slightly above the prior-year level. The company said projects are directed toward concrete business challenges and associated with efficiency gains and sustainability.
- Community Engagement ExpandedThe Engaged People and Connection Community Relationship programs reached more than 73,000 people in the first nine months of the year.
- Transmission Projects ProgressingTransmission projects under implementation progressed, and all of them had installation licenses and permits available. The company expects accelerated growth in 2026 and throughout 2027.
- Expansion Projects Remain on ScheduleThe Jaguara project continues to progress and is expected to start operations in 2030. Asa Branca and Grauna are expected to begin operating by the end of 2027 and 2028, respectively, while Colibri was described as well underway with no major occurrences or changes.
- Disciplined Approach to Growth OpportunitiesENGIE participated in the recent transmission auction and, although it did not acquire a lot, management said the company was competitive and close to successfully acquiring two lots. The company plans to evaluate future battery and transmission auctions, including a battery auction expected at the beginning of December, subject to macroeconomic conditions.
- Growth Appetite in Renewables and Strong Brazil SupportManagement said the company has appetite for brownfield renewable assets and can pursue greenfield growth through batteries. Brazil was described as ENGIE's third country in terms of EBIT contribution and the largest growth region in Latin America for the group, with full group support for continued growth in Brazil.
- Leverage ImprovedBalance-sheet leverage declined from 2.3x in the prior year to 2.1x. Net debt was BRL 25 billion, similar to previous quarters, with debt duration close to seven years.
- Stable Dividend Policy and Capital DisciplineThe company maintained its 55% dividend payout policy. Management said it will evaluate dividends based on CapEx and leverage, while maintaining the policy for the time being in order to preserve flexibility, support growth and maintain its local AAA rating.
DE:7TE1 Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 24, 2027 | 2026 (Q4) | 0.11- | 0.12 | ― | ― |
| Nov 10, 2026 | 2026 (Q3) | 0.120.08 | 0.1 | -26.32% (-0.03) | |
| Aug 05, 2026 | 2026 (Q2) | 0.280.22 | 0.08 | 191.76% (+0.15) | |
| May 07, 2026 | 2026 (Q1) | 0.130.09 | 0.1 | -11.30% (-0.01) | |
| Feb 25, 2026 | 2025 (Q4) | 0.160.12 | 0.09 | 36.00% (+0.03) | |
| Nov 05, 2025 | 2025 (Q3) | 0.110.10 | 0.08 | 25.27% (+0.02) | |
| Aug 07, 2025 | 2025 (Q2) | 0.100.08 | 0.12 | -36.09% (-0.04) | |
| May 08, 2025 | 2025 (Q1) | ―0.10 | 0.25 | -59.07% (-0.15) | |
| Feb 20, 2025 | 2024 (Q4) | 0.090.09 | 0.15 | -40.12% (-0.06) | |
| Nov 05, 2024 | 2024 (Q3) | 0.080.08 | 0.14 | -40.52% (-0.06) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
