EarningsQ2 2026 Earnings Report
MX:ENICN Q2 2026 EPS Results
Actual EPS$1.38
Consensus EPS$1.39
Beat/MissMissed by -<$0.01
One Year Ago EPS$0.00
MX:ENICN Q2 2026 Revenue Results
Actual Revenue$18.73B
Expected Revenue$19.39B
Beat/MissMissed by -$660.29M
YoY Revenue Growth-11.57%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeAfter Close
Conference CallTuesday, July 28, 2026
MX:ENICN Upcoming Earnings
Enel Chile SA's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ENICN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive view: first-half operational and financial resilience (EBITDA +4% YoY, net income +11%, FFO +24%) coupled with strategic actions—portfolio diversification, secured gas supply, long-term PPA, and advancing BESS projects—outweigh the near-term challenges from weaker hydrology, a Q2 EBITDA decline (≈11%), and increased grid-related spending. Regulatory progress (tariff bill) and strong liquidity further support outlook. Short-term risks remain around hydrology and some margin pressure, but management confirmed 2026 guidance and emphasized flexibility and execution.Company Guidance
Resilient H1 EBITDA Growth
EBITDA for the first half of 2026 reached $685 million, up 4% year-on-year, driven by stronger gross margin in the integrated business and gas optimization initiatives.
Net Income and Cash Generation Improvement
Net income increased 11% YoY to $272 million in H1 2026; FFO (cash generation) rose 24% YoY to $499 million for the first half, with Q2 FFO up 28%.
Strong Liquidity and Manageable Leverage
Gross debt was $3.8 billion at June 2026 (down 1.4% vs Dec 2025); liquidity included $640 million of committed credit lines and $276 million of cash equivalents; 85% of debt at fixed rate and average cost stable at 4.9%.
Portfolio Diversification and Supply Agreements
Secured an Argentina firm gas supply (Jan 2026–Apr 2027) and additional short-term LNG cargo(s) for H2 2026; signed a long-term buy PPA adding up to 1 TWh/year (non-solar) starting H2 2026 with a 15-year term to enhance supply diversification.
Growth in Renewables and Thermal Flexibility
Renewable generation increased from 2.7 TWh to 3.0 TWh (+11% YoY) and combined cycle generation rose from 2.9 TWh to 3.2 TWh (+10% YoY); thermal generation increased 5% YoY to 3.6 TWh, supporting system needs.
Battery Energy Storage Progress
BESS development advancing: ~0.5 GW (~450+ MW) under construction (Las Salinas, Valle del Sol, Azabache); company cites indicative battery unitary CapEx of roughly $0.9 million per MW and confirms BESS as a strategic growth pillar.
Regulatory Development Supporting Distribution
Electricity Tariff Protection Bill approved by both chambers: introduces securitization for VAD 2020-2024 (estimated ~$65–$70 million recovery for Enel Distribución), extends tariff cycle to 2030, and establishes a framework to support grid resilience investments.
Focused Capital Allocation
H1 CapEx totaled $328 million (more than doubled vs prior year): ~60% development CapEx ($196m, 80% of which to BESS), 31% asset management CapEx ($102m), and $30m customer CapEx; ~66% of total investment directed to renewables and BESS, ~22% to distribution/network strengthening.
MX:ENICN 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