Companhia Energética de Minas Gerais(CIG)Earnings, Financials & Key Ratios
CIG•NYSE•Utilities
$2.10
6.3× P/E·Price updated Jul 7, 2026
AboutCompanhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.Show more
- Revenue$42.75B+7.4%
- EBITDA$7.86B-11.4%
- Net Income$4.9B-31.2%
- Free Cash Flow-$2.54B-181.3%
- EBITDA Margin18.39%-17.4%
- Net Margin11.45%-35.9%
- ROE17.51%-36.0%
- Interest Coverage4.77-90.6%
- Debt/Equity0.70+49.9%
CIG Price & Volume
Companhia Energética de Minas Gerais (CIG) stock price & volume — 10-year historical chart
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Volatile Regulatory Earnings Mask Structural Liquidity Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Strained
Cash Flow:Burning
Primary Risk:Regulatory and hydrological volatility
Key Thesis Takeaways
- CIG faces a challenging outlook characterized by extreme earnings volatility and a persistent reliance on external financing to fund its capital-intensive infrastructure requirements.
- While the company maintains a regulated asset base, the 79.5% year-over-year revenue contraction in 2026Q1 and inconsistent dividend coverage ratios suggest significant operational instability.
- Investors should remain cautious as the company's high debt-to-equity ratio of 0.69 and aggressive CapEx-to-OCF ratio of 145.3% indicate limited financial flexibility in the face of ongoing regulatory and hydrological uncertainty.
Verdict Logic
the company's inability to generate consistent free cash flow, highlighted by a $1.3 billion deficit in 2025Q4, combined with extreme earnings volatility, makes the current 12.2% dividend yield appear unsustainable.
CIG Growth Metrics
Companhia Energética de Minas Gerais (CIG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.93%
5 Years11.13%
3 Years7.45%
TTM-37.62%
Profit CAGR
10 Years7.09%
5 Years11.32%
3 Years6.17%
TTM-64.05%
EPS CAGR
10 Years2.72%
5 Years11.2%
3 Years5.93%
TTM-30.61%
Return on Capital
10 Years11.55%
5 Years14.91%
3 Years14.92%
Last Year12.9%
CIG Recent Earnings
Companhia Energética de Minas Gerais (CIG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.07+33.0%
$0.05
Rev
$2.0B+8.9%
$1.9B
Q2 2026
Mar 23, 2026Metric
Actual
Est
EPS
$0.13+146.3%
$0.05
Rev
$2.2B+18.1%
$1.9B
Q2 2026
Mar 20, 2026Metric
Actual
Est
EPS
$0.13+138.9%
$0.05
Rev
$2.2B+18.1%
$1.9B
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.05-24.8%
$0.07
Rev
$2.0B+23.1%
$1.6B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.07vs $0.05+33.0% | $2.0Bvs $1.9B+8.9% |
| Q2 2026 | Mar 23, 2026 | $0.13vs $0.05+146.3% | $2.2Bvs $1.9B+18.1% |
| Q2 2026 | Mar 20, 2026 | $0.13vs $0.05+138.9% | $2.2Bvs $1.9B+18.1% |
| Q4 2025 | Nov 14, 2025 | $0.05vs $0.07-24.8% | $2.0Bvs $1.6B+23.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Companhia Energética de Minas Gerais (CIG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $2.10 | $6.01B | 6.34 | 7.36% | 11.45% | 17.51% | 12.61% | |
| $9.27 | $7.25M | 2.97 | 5.45% | 8.85% | 8.54% | — | |
| $5.72 | $19.55B | 12.14 | 3.32% | 22.04% | 20.21% | — | |
| $65.43 | $12B | 34.08 | 21.38% | 4.34% | 8.78% | — | |
| $5.45 | $5.83B | 12.78 | 6.64% | 2.06% | 20.49% | — | |
| $47.57 | $48.67B | 17.36 | 5.34% | 11.21% | 9.76% | — |
Compare CIG vs Peers
Companhia Energética de Minas Gerais (CIG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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CIG Frequently Asked Questions
Companhia Energética de Minas Gerais (CIG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Companhia Energética de Minas Gerais's revenue?
Companhia Energética de Minas Gerais (CIG) reported $25.53B in revenue for fiscal year 2025. This represents a 580% increase from $3.76B in 2000.
How fast is Companhia Energética de Minas Gerais growing?
Companhia Energética de Minas Gerais (CIG) grew revenue by 7.4% over the past year. This is steady growth.
Is CIG profitable?
Yes, Companhia Energética de Minas Gerais (CIG) is profitable, generating $2.52B in net income for fiscal year 2025 (11.5% net margin).
Dividend & Returns
Does CIG pay dividends?
Yes, Companhia Energética de Minas Gerais (CIG) pays a dividend with a yield of 12.61%. This makes it attractive for income-focused investors.
What is CIG's return on equity?
Companhia Energética de Minas Gerais (CIG) has a return on equity (ROE) of 17.5%. This is reasonable for most industries.
What is Companhia Energética de Minas Gerais's free cash flow?
Companhia Energética de Minas Gerais (CIG) had negative free cash flow of $1.69B in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Is CIG's dividend sustainable?
Companhia Energética de Minas Gerais (CIG) has a dividend payout ratio of 79%. The dividend is reasonably covered.