Copel (ADR)
Operates Paraná's regulated electricity system from generation and transmission through distribution and trading.
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Profile
Provides electricity generation, transmission, distribution, and commercialization in Paraná, Brazil. Its integrated utility system operates under Brazil's power regulation and has been refocused on larger generation assets.
Runs a regulated electricity system across the state of Paraná, Brazil, spanning generation and transmission, distribution, and energy commercialization. Copel Geração e Transmissão handles power production and transmission, while Copel Distribuição serves the distribution network and Copel Comercialização handles energy trading.
Recent divestments of piped-gas, smaller-generation, and other interests have refocused the portfolio on larger electricity assets. Created to carry out Paraná's electrification program, it now operates as a dispersed-capital corporation without a controlling shareholder.
Brazil's electricity regulator, Aneel, governs the core activities, and hydroelectric concessions set a long-term operating framework.
Company facts
Key statistics
Year to date +26.2% · Average volume (30d) 443.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.14 | $0.16 | +14.3% | $1.17B | $1.29B | +10.6% | +0.86% |
| May 5, 2026Q1 FY26 | $0.19 | $0.16 | −15.8% | $1.13B | $1.44B | +27.4% | −0.93% |
| Feb 27, 2026Q4 FY25 | $0.14 | $0.11 | −21.5% | $954.1M | $1.38B | +44.9% | −0.95% |
| Nov 13, 2025Q3 FY25 | $0.13 | $0.11 | −14.1% | $940.0M | $1.28B | +35.8% | +0.58% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $1.20B | $1.31B | $1.40B | $1.33B | $1.33B | |
| Gross profit | $441.7M | $401.2M | $292.8M | $308.1M | $332.0M | $522.3M | |
| Operating income | $246.1M | $215.4M | $246.6M | $256.4M | $275.7M | $274.9M | |
| Net income | $127.8M | $109.9M | $73.8M | $208.0M | $130.5M | $201.2M | |
| Diluted EPS | $0.69 | $0.59 | $0.39 | $1.14 | $0.71 | $1.08 | |
| Gross margin | 39.0% | 33.5% | 22.4% | 22.0% | 24.9% | 39.3% | |
| Operating margin | 21.7% | 18.0% | 18.8% | 18.3% | 20.7% | 20.7% |
Fiscal years (4-quarter sums)FY21 $4.61B · FY22 $4.15B · FY23 $4.13B · FY24 $4.35B · FY25 $5.04B
Balance sheet, Jun 30, 2026Cash & short-term investments $656.0M · Total debt $4.53B · Total assets $11.84B · Shareholders' equity $4.64B
Dividends
Last cut to $0.1904 from $0.3298 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 1, 2026 | May 1 | Oct 13 | $0.1904 | cut from $0.3298 |
| Jan 5, 2026 | Jan 5 | Jul 10 | $0.3298 | raised from $0.2758 |
| Jan 2, 2026 | Jan 2 | Jan 29 | $0.2758 | raised from $0.1023 |
| Apr 28, 2025 | Apr 28 | May 27 | $0.2823 | special dividend |
| Dec 13, 2024 | Dec 13 | Jan 2 | $0.1232 | special dividend |
| Oct 2, 2024 | Oct 2 | Dec 9 | $0.1023 | raised from $0.0298 |
| May 2, 2024 | May 3 | Jul 8 | $0.0298 |
Ownership
Shares outstanding 185.60M · Float 118.75M · 64.0% free float
Insiders — filings are in the shares behind the receipt.
This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Letko, Brosseau & Associates Inc | 7.33M | 3.95% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 3.05M | 1.64% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 2.03M | 1.09% | 13F | Aug 13, 2026 |
| Morgan Stanley | 1.01M | 0.55% | 13F | Aug 13, 2026 |
| Robeco Institutional Asset Management B.V. | 899.9K | 0.48% | 13F | Jul 21, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 16, 2026 | Marco Antonio Villela de Abreu | director | −32,490 | $2.94 |
| Apr 8, 2026 | Pedro Franco Sales | director | −153,700 | $3.19 |
Peers
- AXIA Energia (ADR)
Brazilian generation and transmission leader with an NYSE ADR
- Cemig (ADR)
Integrated Minas Gerais utility with an NYSE ADR and free-market sales
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Copel (ADR) | $11.03 | −2.04% | $2.09B | 3.4 | 29.2 | 0.4 | +13.0% |
| AXIA Energia (ADR) | $10.22 | −2.39% | $23.29B | 10.1 | 13.9 | 2.7 | +12.6% |
| Cemig (ADR) | $1.99 | +0.25% | $5.69B | 6.4 | — | 1.0 | +7.5% |
| Median | 8.3 | 13.9 | 1.9 | +10.1% |