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Central Puerto S.A. (CEPU) Q3 2024 Earnings Call Transcript Summary

moomoo AI ·  Nov 12 04:54  · Conference Call

The following is a summary of the Central Puerto S.A. (CEPU) Q3 2024 Earnings Call Transcript:

Financial Performance:

  • Central Puerto S.A. reported Q3 revenue of $185 million, a 14% increase year-over-year.

  • Adjusted EBITDA was $93 million, nearly flat compared to Q3 2023.

  • Net income for the period doubled year-over-year to $40 million.

  • The company significantly reduced its net debt, ending the quarter at $149 million, down from $286 million at the end of 2023.

Business Progress:

  • Continued expansion on solar and combined cycle projects, with San Carlos solar farm expected to be completed by Q2 2025 and Brigadier Lopez combined cycle by Q4 2025.

  • Dividend payments resumed, distributing ARS39.47 per share.

Opportunities:

  • Regulatory changes favoring private power purchase agreements (PPAs) could allow for more competitive pricing and terms. Discussions about a new regulatory framework to enable private PPAs for thermal generation units are underway.

Risks:

  • The remuneration for power during critical months remains a short-term addition, not significantly impacting long-term EBITDA.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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