CEMIG Common
Runs Minas Gerais electricity distribution, piped gas, generation, transmission and energy trading.
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Profile
Provides electricity distribution, generation, transmission, energy trading and piped-gas service centered on Minas Gerais. Revenue combines regulated concession returns with competitive energy margins, while state control of the common voting class and regulatory rules shape the operating model.
Runs an integrated energy group centered on electricity distribution in Minas Gerais, alongside generation, transmission, energy trading and piped-gas distribution. CEMIG D serves its regulated electricity concession across most of the state, while Gasmig holds the local piped-gas concession; generation and transmission assets also extend beyond Minas Gerais.
Earns regulated distribution and transmission revenue, gas supply and pipeline-capacity revenue, and competitive margins from generation and trading. Its operating model separates regulated businesses from competitive generation, commercialization and distributed energy, with CEMIG SIM providing energy solutions.
Execution depends on tariff and service rules, concession terms, grid availability, hydrology, purchased energy and state control of the voting class. The Minas Gerais government controls the common voting shares.
Company facts
Key statistics
Year to date +13.3% · Average volume (30d) 3.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 14, 2026Q2 FY26 | $0.05 | $0.05 | 0.0% | $1.81B | $2.14B | +17.8% | +0.70% |
| Aug 13, 2026Q2 FY26 | $0.05 | $0.05 | 0.0% | $1.81B | $2.15B | +18.6% | +1.07% |
| May 8, 2026Q1 FY26 | $0.05 | $0.07 | +33.0% | $1.87B | $1.88B | +0.4% | −2.54% |
| Mar 20, 2026Q4 FY25 | $0.05 | $0.13 | +146.3% | $1.86B | $2.19B | +18.1% | +7.51% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.86B | $2.07B | $2.02B | $2.23B | $2.01B | $2.14B | |
| Gross profit | $327.0M | $324.7M | $289.8M | $333.8M | $318.1M | $375.0M | |
| Operating income | $260.4M | $287.9M | $196.7M | $458.7M | $256.5M | $364.9M | |
| Net income | $199.6M | $228.2M | $153.1M | $360.1M | $188.0M | $181.5M | |
| Diluted EPS | $0.07 | $0.08 | $0.05 | $0.13 | $0.07 | $0.06 | |
| Gross margin | 17.5% | 15.7% | 14.3% | 15.0% | 15.8% | 17.5% | |
| Operating margin | 14.0% | 13.9% | 9.7% | 20.6% | 12.8% | 17.0% |
Fiscal years (4-quarter sums)FY24 $7.51B · FY25 $8.19B
Balance sheet, Jun 30, 2026Cash & short-term investments $592.1M · Total debt $4.37B · Total assets $13.61B · Shareholders' equity $5.61B
Dividends
Raised for 2 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 2, 2026 | Jul 2 | $0.0429 | cut from $0.0432 | |
| Mar 30, 2026 | Mar 30 | $0.0432 | cut from $0.0443 | |
| Dec 30, 2025 | Dec 30 | Jul 8 | $0.0443 | raised from $0.031 |
| Dec 29, 2025 | Dec 29 | Jan 7 | $0.031 | cut from $0.0403 |
| Oct 6, 2025 | Oct 6 | Jul 8 | $0.0403 | raised from $0.0391 |
| Jun 30, 2025 | Jun 30 | $0.0391 | cut from $0.1203 | |
| May 12, 2025 | May 12 | $0.1203 | raised from $0.0348 | |
| Mar 31, 2025 | Mar 31 | $0.0348 | cut from $0.0358 |
Ownership
Shares outstanding 2.86B · Float 2.37B
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Goldman Sachs Group Inc | 351.5K | 0.01% | 13F | May 15, 2026 |
| Morgan Stanley | 37.5K | 0.00% | 13F | May 15, 2026 |
| Smartharvest Portfolios, LLC | 37.2K | 0.00% | 13F | Apr 21, 2026 |
| QRG Capital Management, Inc. | 35.8K | 0.00% | 13F | Apr 27, 2026 |
| Systematic Alpha Investments, LLC | 18.2K | 0.00% | 13F | May 18, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Copel (ADR)
Integrated Paraná utility across free-market supply and power assets.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CEMIG Common | $2.99 | 0.00% | $8.55B | 9.6 | — | 1.0 | +6.8% |
| Copel (ADR) | $11.03 | −2.04% | $2.09B | 3.4 | 29.2 | 0.4 | +13.0% |
| Median | 3.4 | 29.2 | 0.4 | +13.0% |