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) 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.
Central Puerto has acquired Central Costanera for $48 million, enhancing its role as the largest electricity producer in Argentina with an installed capacity exceeding 7,100 MW. The acquisition adds 2,305 MW to the existing 4,809 MW.
Central Costanera, contributing nearly 6% of the national electricity generation, serves around 3.5 million homes. This strategic move is seen as a significant investment opportunity, aligning with Central Puerto's expansion goals, while emphasizing operational efficiencies and synergies from unified management.
Central Puerto S.A. (NYSE:CEPU), a leading power generation company in Argentina, has announced the release of its Fourth Quarter and twelve-month period results on March 9, 2023. CEO Fernando Bonnet and CFO Enrique Terraneo will discuss the financial results during a conference call scheduled for the same day at 10:00 AM ET. Interested participants can join via phone or through a live audio webcast. The details are provided in the press release, including the participant access code and contact information for further inquiries.
Central Puerto has acquired forestry assets from Grupo Masisa in Argentina for $70 million, marking the largest transaction in the forestry sector in Argentina in the last 30 years. This acquisition includes over 72,000 hectares of land, with approximately 43,000 hectares planted with eucalyptus and pine. Central Puerto aims to diversify its business and strengthen its market presence amid high growth potential in the sector, linked to carbon credits and biomass energy generation.
Central Puerto S.A. (NYSE:CEPU), a leading power generation company in Argentina, will announce its Third Quarter financial results on November 10, 2022. CEO Fernando Bonnet and CFO Enrique Terraneo will host a conference call at 11:00 AM ET. Interested parties can participate by calling 888-506-0062 (toll-free) or 973-528-0011 (international). A live audio webcast will also be available on the Company's website, with a replay option provided post-event.
Central Puerto S.A. (NYSE: CEPU) will announce its Second Quarter financial results on August 5, 2022. A conference call, hosted by CEO Fernando Bonnet and CFO Enrique Terraneo, is scheduled for August 8, 2022, at 11:30 AM ET to discuss the results. Participants can join via a toll-free number or an international line, and the call will also be available as a live audio webcast on the company’s website. Replay options will also be provided.
Central Puerto S.A. (NYSE:CEPU) reported its 1Q2022 results, highlighting a 9% increase in revenues to Ps. 17.2 billion compared to 1Q2021, driven by higher sales from energy generation. Gross profit rose 24% to Ps. 9.6 billion. The company benefited from a 30% increase in remuneration due to Resolution SE No. 238/2022, retroactive to February 2022. Adjusted EBITDA increased to Ps. 15.8 billion. However, energy generation from hydro sources fell 26% due to drought, offsetting gains in thermal and nuclear generation. Consolidated net income surged 382% to Ps. 4.8 billion.
Central Puerto S.A. (NYSE:CEPU) has announced the reporting date for its First Quarter 2022 financial results, set for May 12, 2022. CEO Fernando Bonnet and CFO Enrique Terraneo will conduct a conference call on May 13, 2022, at 11:00 AM ET, to discuss the results. Interested parties can join the call by dialing toll-free at 888-506-0062 or internationally at 973-528-0011, using the access code 323875. The call will also be available via a live audio webcast on Central Puerto's website.
Central Puerto S.A. (NYSE:CEPU), a leading private power generation company in Argentina, has filed its Annual Report on Form 20-F for the fiscal year 2021 with the SEC on April 28, 2022. The report is accessible on Central Puerto's website in the Investor Relations section and can be downloaded from the SEC's website. Shareholders can request a free hard copy of the audited financial statements.
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