Cemig Vz. stock trades at EUR 1.83 as Q2 profit falls

Published on 09/29/2026 at 14:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cemig Vz. stock was at EUR 1.83 at Lang & Schwarz on September 29, 2026, up 0.55 percent. Adjusted EBITDA rose 9.3 percent in 2Q26.

Cemig Vz., BRCMIGACNPR3, Illustration mit AI erstellt.

Cemig Vz. (ISIN BRCMIGACNPR3) was trading at EUR 1.83 at Lang & Schwarz on September 29, 2026 at 2:08 p.m. CEST, up 0.55 percent versus the prior close of EUR 1.82. The latest 2Q26 report showed higher operating earnings but a sharper financial burden on net income.

Revenue grows as profit falls

According to StockTitan on September 9, 2026, Cemig reported 2Q26 net operating revenue of BRL 11.16 billion, an increase of 3.4 percent from 2Q25. Adjusted EBITDA rose 9.3 percent to BRL 2.47 billion, while IFRS net income fell 20.4 percent to BRL 945.4 million.

The split between operating performance and bottom-line profit is central to the stock story. Financial expenses rose 76.6 percent year over year to BRL 1.09 billion in 2Q26, while net debt increased 58.3 percent to BRL 19.36 billion and leverage reached 2.58 times adjusted EBITDA.

Analyst target stays cautious

InfoMoney reported on September 18, 2026 that JPMorgan maintained a Sell recommendation on Cemig and kept its price target at BRL 13.00 for the end of 2027. The unchanged target contrasts with the earnings mix, where adjusted EBITDA improved but net income contracted.

Cemig's distribution business provided support through tariffs and operating execution. The 2Q26 release cited a 6.5 percent average tariff increase effective May 28, 2026, while energy distributed excluding distributed generation declined 1.6 percent year over year.

Stock holds a modest daily gain

Cemig Vz. stock was trading at EUR 1.83 at Lang & Schwarz on September 29, 2026 at 2:08 p.m. CEST. The quote was EUR 0.01 above the Lang & Schwarz prior close of EUR 1.82, equivalent to a 0.55 percent gain.