share_log

Earnings Call Summary | Central Puerto(CEPU.US) Q1 2024 Earnings Conference

moomoo AI ·  May 13 16:11  · Conference Call

The following is a summary of the Central Puerto S.A. (CEPU) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Central Puerto reported a Q1 2024 revenue of $150 million, a 15% increase compared to Q1 2023.

  • Adjusted EBITDA reached $84 million, a growth of 36% from the same period in 2023.

  • Net income was $32 million, six times more YoY.

  • Net debt was $326 million, a decrease of $100 million, and a net debt-to-adjusted EBITDA ratio of 1.1 times.

Business Progress:

  • Installed capacity increased by 49% to 7,173 megawatts through acquisitions.

  • Energy generation rose 8% due to acquisitions and internal improvements.

  • A partnership with AbraSilver Resource Corporation resulted in a 4% interest in its share capital.

  • Significant progress made on the merger process with renewable energy subsidiaries.

  • Central Puerto started the construction of a combined cycle for Brigadier López with 30% advance payment made.

  • La Costanera and Mitsubishi major repairs scheduled for next year, with advance payments expected to start in the last quarter of 2024.

More details: Central Puerto IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment