Taesa stock was last at BRL 43.70 as revenue rose 9.3 percent

Published on 10/07/2026 at 01:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Taesa stock was last at BRL 43.70 on October 6, 2026, while BTG Pactual kept a BRL 37.00 target. Second-quarter revenue reached BRL 679 million.

Taesa, BRTAEECDAM10, Illustration mit AI erstellt.

Taesa (ISIN BRTAEECDAM10) was last at BRL 43.70 on B3 on October 6, 2026, down 0.43 percent from the previous session. The transmission company reported second-quarter 2026 revenue of BRL 679 million, an increase of 9.3 percent from the prior-year quarter, according to BTG Pactual.

Revenue rises, profit faces pressure

Taesa's second-quarter BRGAAP revenue reached BRL 679 million, compared with BTG Pactual's BRL 673 million estimate. Regulatory EBITDA increased 10.6 percent year over year to BRL 577 million, exceeding the BRL 565 million estimate and producing an 85 percent margin, the bank reported in its August 2026 analysis.

Regulatory net income moved in the opposite direction. The result fell 28.5 percent from the second quarter of 2025 to BRL 207 million, below the BRL 231 million estimate, as net financial expenses reached BRL 367 million and reflected higher monetary adjustment on IPCA-linked debt. The combination gives Taesa a stronger operating figure but a more demanding financing backdrop.

BTG keeps a cautious valuation

BTG Pactual listed Taesa at Sell with a BRL 37.00 price target in its October 2026 research page. The target sits below the October 6 B3 price of BRL 43.70, making valuation and real interest rates central variables for the shares.

The same analysis cited net debt to EBITDA of 4.7 times excluding subsidiaries and additional dividends of BRL 207 million, equal to a 100 percent payout of the quarter's regulatory profit. Those figures support the income case, while the debt burden explains why operating growth has not translated directly into higher regulatory earnings.

Stock remains below its yearly high

Taesa's October 6 session included a low of BRL 43.52, a high of BRL 44.50 and volume of 3,048,800 shares. The 52-week range was BRL 35.59 to BRL 46.45, placing the latest quote below the yearly high and above the yearly low.

Taesa's investor-relations calendar lists the third-quarter 2026 earnings release for November 11, 2026. The company also lists a public meeting for November 12, 2026, according to its investor-relations page.

BRL 43.70 was the latest B3 quote

Taesa's market capitalization was BRL 15.1 billion as of October 6, 2026. The stock was last at BRL 43.70 on B3 at 5:05 p.m. BRT, giving investors a market value that combines rising transmission revenue with pressure from debt-linked financial costs.