EarningsQ2 2026 Earnings Report
DE:C3TA Q2 2026 EPS Results
Actual EPS€0.54
Consensus EPS―
Beat/Miss―
One Year Ago EPS€0.44
DE:C3TA Q2 2026 Revenue Results
Actual Revenue€441.26M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+164.78%
Earnings Announcement Details
QuarterQ2 2026
Date05/12/2026
TimeTBA
Conference CallTuesday, May 12, 2026
DE:C3TA Upcoming Earnings
Central Puerto SA's next earnings date is estimated for March 11, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
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.Company Guidance
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.
Significant Revenue Increase
Revenues of $453.3 million in Q2 2026, up 82.3% q/q (from $248.6M) and up 165.8% y/y (from $170.5M). Includes approximately $176.4M of spot CVP related to self‑procured fuel.
Market Share and Commercial Contracting
Average market share in Resolution 400 Term Market (MAT) >35% in Q2 (peaking at 35% in June). Company now serves >120 large industrial customers and 16 distribution/subdistribution companies; contracted sales (PPAs, MAT, MATER) represented 55% of sales volumes and 48% of revenues (including hydro concession sales).
Generation Scale and YoY Growth
Total generation of 5.25 thousand GWh (~15% of Argentina's grid) in Q2 2026, up 20.1% year-on-year (from 4.37k GWh).
Progress on Battery Storage Projects
Battery projects: Nuevo Puerto 69% complete (81% of project budget executed), Central Costanera 54% complete. Energization expected Oct–Nov 2026 with commercial operation in Q4 2026. Expected contribution to adjusted EBITDA of $25–27M in 2027.
Major Strategic Investments and Acquisitions
H1 2026 capital expenditures of $421.9M, including $245M for Piedra del Águila concession, $106M for battery projects, and $50M for acquisition of oil & gas blocks (acquisition closed in April 2026).
Healthy Leverage and Financing Activity
Net financial debt of $493.4M vs. LTM adjusted EBITDA of $403.8M, resulting in net leverage of 1.2x. Issued Class D notes $130.1M at 6.0% (April) and Class E notes $94.3M at 5.5% (July, post-quarter) to fund working capital and fuel procurement.
Piedra del Águila Hydrology Boost
Piedra del Águila hydro generation more than doubled quarter-on-quarter, up 112.9%, contributing meaningfully to generation increases.
Thermal Fleet Reliability
Total thermal availability for combined cycles at 87.0% and steam production increased 45.4% q/q (782 thousand tons), indicating operational reliability for most thermal assets.
DE:C3TA Earnings History
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.
Beat
Missed