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 S.A. (NYSE: CEPU) has filed its Annual Report on Form 20-F for the fiscal year 2022 with the United States Securities and Exchange Commission (SEC) on April 26, 2023. This report provides detailed insights into the company's financial performance. Shareholders can access the report on Central Puerto's website or directly from the SEC's website. Additionally, shareholders can request a hard copy of the complete audited financial statements at no cost. The company continues to enhance its transparency and accessibility for investors.
Central Puerto S.A. (NYSE:CEPU) will announce its First Quarter 2023 results on May 15, 2023. The conference call will be led by CEO Fernando Bonnet and CFO Enrique Terraneo at 11:00 AM ET on the same day. Investors can participate by dialing 888-506-0062 (toll-free) or 973-528-0011 (international), using the access code 503773. Additionally, a live audio webcast will be available on the Company's Investor Relations webpage. Replays will be accessible afterward. Key financial metrics and future guidance are anticipated during the call, making it significant for investors. For further inquiries, contact Enrique Terraneo at +54 11 4317-5000.
Central Puerto S.A. (NYSE:CEPU) reported its financial results for FY 2022 and Q4 2022, highlighting a 22% decline in revenues to Ps. 21.4 billion, driven by a considerable drop in contract sales following the end of the Brigadier Lopez TG PPA contract.
Despite the revenue drop, net income rose to Ps. 2.4 billion from Ps. 1.7 billion year-over-year. The company benefitted from tariff increases mandated by Resolution 826/2022, which improved income in 2023. Significant acquisitions, including Forestal Argentina and a controlling stake in Enel Generación Costanera, aim to bolster growth.
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