CPFL Energia SA (BSP:CPFE3)
R$ 38.15 -0.35 (-0.91%) Market Cap: 43.96 Bil Enterprise Value: 71.29 Bil PE Ratio: 8.23 PB Ratio: 1.98 GF Score: 79/100

Q1 2025 CPFL Energia SA Earnings Call Transcript

May 16, 2025 / 02:00 PM GMT
Release Date Price: R$39.76 (-0.10%)

Key Points

Positve
  • CPFL Energia SA (BSP:CPFE3) reported a 1.7% growth in load within its concession area, highlighting the rural and residential classes.
  • The company achieved a significant reduction in distribution delinquency by 31%, reaching a rate of 0.87%.
  • CPFL Energia SA (BSP:CPFE3) increased its CapEx by 13%, reaching 1.2 billion riyals, with expectations to close the year at 6.5 billion.
  • The company received the Anel Satisfaction Award, with CPFL Santa Cruz recognized as the best distributor for the fourth consecutive year.
  • CPFL Energia SA (BSP:CPFE3) maintained a stable leverage ratio with a net debt of 26.5 billion riyals and a covenant leverage of 2.04 times.
Negative
  • Net income decreased by 0.4% to 1.6 billion riyals, with an 8% drop compared to 2024.
  • The generation segment experienced a 10.5% decrease in EBITDA, impacted by fair value adjustments and asset reductions.
  • Wind generation faced challenges due to curtailment, resulting in a net negative effect of about 4 million in the first quarter.
  • The commercial services segment saw a decrease in margin, contributing to a 74 million variation compared to the previous year.
  • The company is under pressure from curtailment issues, which could lead to unsustainable levels if not addressed.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CPFE3.SA - CPFL Energia SA
Q1 2025 CPFL Energia SA Earnings Call
May 16, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone. Welcome all of you. For one more presentation of results of CPFL in this year. We're going to talk about the first quarter of 2025. I'm Carlos Cino. I'm the director of investor relations of CPF and I'll be the master of ceremonies of this event. Today we have Gustavo Estrela, our CEO, Ms. KG, our CFO. And also other executives of the company during the presentation you can use the button interpretation which shows up at the bottom of the platform if you need the channels in English or Portuguese. I would also like to inform all participants that at the end of the presentation we will start the Q&A. All the questions will be done live and to request that all you have to do is click on the button Raise hands, which is
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