Companhia Energética de Minas Gerais(CIG-C)Earnings, Financials & Key Ratios
CIG-C•NYSE•Utilities
$3.10
9.4× P/E·Price updated Jul 2, 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 Coverage4.77-53.6%
- Debt/Equity0.70+49.9%
CIG-C Price & Volume
Companhia Energética de Minas Gerais (CIG-C) stock price & volume — 10-year historical chart
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Volatile Regulatory Accounting Masks Underlying Cash Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Burning
Primary Risk:Regulatory and hydrological volatility
Key Thesis Takeaways
- CIG-C presents a complex investment profile characterized by extreme earnings volatility and a disconnect between dividend distributions and internal cash generation.
- While the company maintains a seemingly conservative debt-to-equity ratio of 0.70, the reliance on external financing to fund infrastructure projects suggests significant long-term liquidity risks.
- Investors should remain cautious as the 8.6% dividend yield appears unsustainable given that dividend payments have previously outpaced operating cash flow, such as the $2.2 billion payout in 2025Q4 against $681.6 million in OCF.
Verdict Logic
the company's dividend payout policy appears disconnected from operational reality, evidenced by the 2025Q4 period where dividend payments of $2.2 billion significantly exceeded the $681.6 million in operating cash flow.
CIG-C Growth Metrics
Companhia Energética de Minas Gerais (CIG-C) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years7.22%
5 Years11.13%
3 Years7.45%
TTM-36%
Profit CAGR
10 Years150.52%
5 Years11.32%
3 Years6.17%
TTM-64.05%
EPS CAGR
10 Years2.72%
5 Years11.2%
3 Years-2.95%
TTM-30.61%
Return on Capital
10 Years11.52%
5 Years14.91%
3 Years14.92%
Last Year12.9%
CIG-C Recent Earnings
Companhia Energética de Minas Gerais (CIG-C) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 8, 2026Metric
Actual
Est
EPS
$0.07+33.0%
$0.05
Rev
$2.0B+8.9%
$1.9B
Q2 2026
May 7, 2026Metric
Actual
Est
EPS
$0.05+0.0%
$0.05
Rev
$2.1B+14.1%
$1.9B
Q2 2026
Mar 20, 2026Metric
Actual
Est
EPS
$0.13+146.3%
$0.05
Rev
$2.2B+18.1%
$1.9B
Q2 2026
Mar 19, 2026Metric
Actual
Est
EPS
$0.05+0.0%
$0.05
Rev
$1.9B+4.8%
$1.8B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 8, 2026 | $0.07vs $0.05+33.0% | $2.0Bvs $1.9B+8.9% |
| Q2 2026 | May 7, 2026 | $0.05vs $0.05+0.0% | $2.1Bvs $1.9B+14.1% |
| Q2 2026 | Mar 20, 2026 | $0.13vs $0.05+146.3% | $2.2Bvs $1.9B+18.1% |
| Q2 2026 | Mar 19, 2026 | $0.05vs $0.05+0.0% | $1.9Bvs $1.8B+4.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Companhia Energética de Minas Gerais (CIG-C)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $3.10 | $8.87B | 9.43 | 7.36% | 11.45% | 17.51% | 8.49% | |
| $2.07 | $5.92B | 6.29 | 7.36% | 9.86% | 8.81% | — | |
| $9.92 | $2.7B | 2.20 | 8.13% | -14.11% | -5.1% | — | |
| $5.75 | $19.65B | 12.28 | 3.32% | 22.04% | 20.21% | — | |
| $9.27 | $7.25M | 2.97 | 5.45% | 8.85% | 8.54% | — | |
| $65.43 | $12B | 34.08 | 21.38% | 4.34% | 8.78% | — |
Compare CIG-C vs Peers
Companhia Energética de Minas Gerais (CIG-C) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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CIG-C Frequently Asked Questions
Companhia Energética de Minas Gerais (CIG-C) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Companhia Energética de Minas Gerais's revenue?
Companhia Energética de Minas Gerais (CIG-C) 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-C) grew revenue by 7.4% over the past year. This is steady growth.
Is CIG-C profitable?
Yes, Companhia Energética de Minas Gerais (CIG-C) is profitable, generating $2.52B in net income for fiscal year 2025 (11.5% net margin).
Dividend & Returns
Does CIG-C pay dividends?
Yes, Companhia Energética de Minas Gerais (CIG-C) pays a dividend with a yield of 8.49%. This makes it attractive for income-focused investors.
What is CIG-C's return on equity?
Companhia Energética de Minas Gerais (CIG-C) 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-C) had negative free cash flow of $1.69B in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Is CIG-C's dividend sustainable?
Companhia Energética de Minas Gerais (CIG-C) has a dividend payout ratio of 79%. The dividend is reasonably covered.