Welcome to our dedicated page for Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) news (Ticker: CEPU), a resource for investors and traders seeking the latest updates and insights on Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) stock.
Central Puerto S.A. (NYSE: CEPU) is a leading private-sector power generation company in Argentina, specializing in the electric power generation and commercialization sectors. With a strong foothold in the national and international energy markets, Central Puerto boasts a diversified energy portfolio that includes conventional and renewable sources. The company operates predominantly in four segments: electric power generation from conventional sources, electric power generation from renewable sources, natural gas transport and distribution, and forest activity. The bulk of its revenue is derived from electric power generation using conventional sources.
Central Puerto is the largest private-sector power generation company in Argentina, a title it maintains through operational excellence and strategic investments. The company operates 14 power plants using various technologies, including thermal, hydro, and renewable energy. Central Puerto's mission is to produce energy efficiently and sustainably while generating value for all stakeholders.
In recent developments, Central Puerto reported its consolidated financial results for the Third Quarter and Nine-Month period ending September 30, 2023. The company saw a 21% increase in revenues to US$166.5 million for Q3 2023, compared to the same period the previous year. However, the net income for Q3 2023 decreased by 66% to US$10.6 million. On the operational front, the company achieved a 46% increase in power generation to 5,721 GWh, largely due to significant hydro generation and the acquisition of Central Costanera.
Recent regulatory updates include several resolutions by the Secretariat of Energy, which have increased remuneration prices for energy and capacity of generation units. Notably, Resolution SE No. 869/2023 updated remuneration prices by 28% since November 2023, and Resolution SE No. 9/2024 increased them by 74% from February 2024.
Central Puerto is also making strides in renewable energy. In October 2023, Proener S.A.U., an affiliate controlled by Central Puerto, acquired the Guañizuil II A solar power plant, bolstering its renewable energy capacity. This acquisition aligns with the company's strategy to diversify its energy matrix and consolidate its position in the renewable energy market.
Looking ahead, Central Puerto continues to focus on expanding its capacity and improving operational efficiency. The company initiated a project to convert the Brigadier Lopez open cycle Thermoelectric Plant into a combined cycle, which will significantly increase its capacity and efficiency. This project, along with other strategic initiatives, underscores Central Puerto's commitment to sustainable growth and energy transition.
Central Puerto (NYSE: CEPU) reported its 3Q24 results with mixed performance. Total revenue increased 14% to US$185 million, driven by an 11% rise in spot market revenues to US$93 million and a 12% increase in contract sales to US$71 million. Energy generation slightly decreased 1% to 5,685 GWh, with thermal generation up 21% but hydro generation down 35% due to lower water levels.
Key operational highlights include: steam production up 77% to 880 thousand tons, thermal availability for combined cycles at 91% (up from 85% in 3Q23), and the addition of solar generation contributing 61 GWh. The company's investment projects, including San Carlos solar farm and Brigadier Lopez Combined Cycle, are progressing on schedule and budget.
Central Puerto (NYSE: CEPU) and the International Finance (IFC) have signed an agreement to conduct feasibility studies for a pioneering electricity transmission line project in northwestern Argentina. The initiative, with an estimated investment of USD 600 million, aims to supply renewable energy to mining companies in the Argentine Puna region.
The project includes constructing a 140-kilometer high-voltage line from the Puna Transformer Station, with a potential capacity of up to 400 MW. This infrastructure will connect mining projects to the Argentine Interconnection System (SADI), providing reliable renewable energy through private agreements. The project will also benefit nearby isolated communities with consistent power supply.
This initiative aims to boost Argentina's mining sector, which currently represents only 0.7% of the country's GDP, compared to 8-10% in neighboring countries like Chile and Peru.
Central Puerto S.A. (NYSE:CEPU), a leading private sector power generation company in Argentina, has announced its reporting schedule for the Third Quarter 2024 Financial Results. The company will release its Q3 results on November 8, 2024, after market close. A conference call and webcast to discuss the financial results will be held on November 11, 2024, at 10:00 AM ET.
The call will be hosted by Fernando Bonnet (CEO), Enrique Terraneo (CFO), and Alejandro Diaz Lopez (Investor Relations). Investors can access the webcast through a provided Zoom link or listen to the live audio on the company's website. A replay of the call will be available in the Investor Relations section of Central Puerto's website.
Central Puerto (NYSE: CEPU) released its financial results for the second quarter of 2024 (2Q24), reporting a revenue increase of 15% to $168 million. This growth was driven by higher dispatch from Piedra del Águila hydropower plant and higher sales from recent acquisitions and cogeneration units.
Operating costs fell by 18% to $53 million, while SG&A expenses decreased by 9% to $13 million. However, other operating results were negative at $31 million, influenced by the impact of Resolution 58/24.
Net income declined to $8 million from $17 million in 2Q23. Adjusted EBITDA also decreased to $46 million from $63 million in the same period last year.
Central Puerto S.A. (NYSE:CEPU), a leading private sector power generation company in Argentina, has announced its reporting schedule for the Second Quarter 2024 financial results. The company will issue a press release on August 9, 2024, after market close. Following this, a conference call and webcast will be held on August 12, 2024, at 09:00 AM ET.
The call will be hosted by CEO Fernando Bonnet and CFO Enrique Terraneo. Investors can access the call via toll-free number (+1 888-506-0062) or international number (+ 973-528-0011) using the participant access code: 199067. A live audio webcast will also be available on the company's Investor Relations website. The call will be available for replay on the company website under the Investor Relations section.
On May 24, 2024, Central Puerto announced an agreement with CAMMESA to settle debts from economic transactions of December 2023, January, and February 2024. According to the agreement, CAMMESA will pay the December 2023 and January 2024 debts via 'Argentine Republic Bonds in US Dollars Step Up 2038' within 10 working days, and the February 2024 debt with available funds within 48 hours. This agreement results in an estimated consolidated loss of 21,200 million pesos for Central Puerto, as the bonds are valued lower than their nominal worth. Despite this, the company assures that its business operations and financial stability remain unaffected.
Central Puerto S.A. (NYSE:CEPU) reports its consolidated financial results for the First Quarter 2024, showing an increase in installed capacity, energy generation, and revenue. The Company faces challenges due to delayed payments and potential economic losses. An acquisition of interest in AbraSilver and a conference call to discuss results are notable events. Financially, revenues increased by 15% to US$150 million, while operating costs rose by 14%. Consolidated Adjusted EBITDA reached US$84 million, with a net income of US$32 million. However, the Company had a negative net debt position and faced challenges in cash flows.
Central Puerto S.A. announces the Reporting Date for the First Quarter 2024 Financial Results Conference Call and Webcast. The press release states that the company will release its First Quarter results on May 10, 2024. The conference call to discuss the results will be hosted by CEO, Mr. Fernando Bonnet, and CFO, Mr. Enrique Terraneo, on May 13, 2024, at 11:00 AM ET. The call can be accessed via phone or webcast, with replay available on the company's website.
Central Puerto, a leading power generation company in Argentina, filed its 2023 Annual Report on Form 20-F with the SEC. The report is available on the company's website and SEC's site. Shareholders can request a hard copy of the financial statements.
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