Q1 2026 Eneva SA Earnings Call Transcript
Good Morning. Thank you so much to participate at our earnings conference call, first quarter 2026 Eneva. Slide 3, I presented the key highlights of the period. Eneva began 2026 with another quarter of solid results. Consolidated EBITDA reached the highest level ever recorded for a first quarter in the companyâs history, totaling BRL1.7 billion, an 11% increase year-over-year.
This result demonstrates the robustness of our portfolio and the strength of our business models, which even in a period marked by the end of the PCS 2021 contract flow, showed the operational strength and resilience. At the ParnaÃba Complex, our EBITDA increased by BRL185 million year-over-year, primarily due to a 39 percentage point increase in dispatch from our thermal power plants.
Faced with a more challenging hydrological scenario and an increasingly intermittent energy mix, our thermal plants, which offer dispatchable and flexible capacity and energy, were activated to ensure the reliability and resilience of the
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