Companhia Energética de Minas Gerais stock reports mixed Q2 results
Published on 09/24/2026 at 04:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Companhia Energética de Minas Gerais stock reflects a mixed second quarter, with CMIG4 standing at BRL 11.26 on B3 on September 22, 2026. The utility delivered higher operating earnings but lower net income in Q2 2026, making the quality of growth the central issue for investors.
Profit falls as EBITDA rises
Net revenue reached BRL 11.5 billion in Q2 2026, up 3.4 percent from the same quarter of 2025, according to A Revista. Adjusted EBITDA rose 9.3 percent to BRL 2.47 billion, which shows that operating performance improved despite pressure below the operating line.
Net income moved in the opposite direction. At BRL 945.4 million, Q2 2026 profit was 20.4 percent below the BRL 1.188 billion reported for Q2 2025, while the financial result deteriorated to a negative BRL 795.9 million, A Revista reported. The comparison puts the key tension plainly: revenue and adjusted EBITDA grew, but financing costs weighed on shareholder earnings.
Investment plan raises the stakes
Cemig's investor relations page describes a BRL 44 billion investment program for 2026 through 2030 and identifies the company as listed in Sao Paulo and New York, according to Cemig. The scale of that program gives operating growth a longer runway, but it also makes debt costs and capital discipline more important after the Q2 profit decline.
The same investor relations calendar lists the third-quarter 2026 results for November 12, 2026, according to Cemig. That date is the next defined checkpoint for whether EBITDA growth can continue to offset financial pressure.
B3 price sets the reference
CMIG4 stood at BRL 11.26 on B3 on September 22, 2026. Against the Q2 figures, the stock story is therefore less about revenue expansion alone and more about whether stronger operating earnings can translate into higher net income as investment spending increases.
Companhia Energética de Minas Gerais stock facts
- Company: Companhia Energética de Minas Gerais S.A.
- Ticker: CMIG4
- Trading venue: B3
- Price as of September 22, 2026: BRL 11.26
- Sector / Industry: Utilities / Regulated Electric
- Index membership: Dow Jones Best-in-Class
- Next earnings date: November 12, 2026
