Equatorial Energia stock reports 17.9 percent Q2 revenue growth

Published on 09/30/2026 at 16:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equatorial Energia stock was last at BRL 40.30 on September 30, 2026. Q2 adjusted net income fell 83.5 percent to BRL 110.0 million as financing costs weighed.

Equatorial Energia, BREQTLACNOR0, Illustration mit AI erstellt.

Equatorial Energia (ISIN BREQTLACNOR0) reported Q2 2026 revenue of BRL 13.739 billion, up 10.2 percent from the same quarter of 2025. The result puts operating growth against a sharp earnings squeeze as financing costs absorbed more of the improvement.

Revenue grows while profit contracts

According to TraderNews on September 18, 2026, adjusted EBITDA increased 0.8 percent year over year to BRL 2.925 billion in Q2 2026, while adjusted net income dropped 83.5 percent to BRL 110.0 million. The contrast is material: revenue and operating earnings advanced, but debt-related charges weakened the bottom line.

The same Q2 comparison showed adjusted EBITDA margin at 21.3 percent, down 2.0 percentage points from Q2 2025. Net debt to EBITDA stood at 3.1 times on June 30, 2026, leaving interest costs as the central counterweight to Equatorial's growth profile.

Bradesco BBI lifts its target

Money Times reported on September 9, 2026, that Bradesco BBI maintained a buy recommendation and raised its end-2027 price target for Equatorial to BRL 57.00. The report linked the revision to stronger expected electricity volumes in the second half of 2026 and regulatory assumptions.

The analyst view carries a clear risk marker. Money Times also reported that Equatorial's higher leverage makes the shares sensitive to interest rates and regulatory decisions, while the bank projected a 7.8 percent regulatory WACC for 2027 in its base case.

Stock trades below yearly high

Equatorial was last at BRL 40.30 on B3 on September 30, 2026 at 11:13 a.m. BRT. Its market capitalization was BRL 50.7 billion, and the 52-week range was BRL 33.61 to BRL 46.32, placing the latest quote below the yearly high.