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, a leading power generation company in Argentina, reported its 2021 fiscal results, showing revenues of Ps. 57.1 billion, a 1% decrease from 2020. The fourth quarter alone had revenues of Ps. 14.1 billion, slightly up from Ps. 14 billion in the previous year. The company faced a consolidated net loss of Ps. 0.65 billion for 2021, down from a net income of Ps. 10.5 billion in 2020. Notable declines were seen in Spot Sales and higher financial expenses, but operational improvements in thermal and renewable energy generation were highlighted. A conference call is scheduled for March 10, 2022.
Central Puerto S.A. (NYSE:CEPU) will announce its Fiscal Year 2021 and Fourth Quarter financial results on March 9, 2022. The CEO, Mr. Fernando Bonnet, and CFO, Mr. Enrique Terraneo, will discuss these results in a conference call on March 10, 2022, at 10:00 AM ET. Interested parties can join the call via toll-free numbers or through a live audio webcast available on the Company’s website. The call will also be accessible for replay thereafter.
Central Puerto S.A. (NYSE: CEPU), a leading power generation company in Argentina, reported its Q3 2021 results with revenues of Ps. 13.3 billion, down 4% from Q3 2020. The gross profit fell 24% to Ps. 6.4 billion, primarily due to rising costs of sales. Adjusted EBITDA decreased 32% to Ps. 8 billion. Energy generation increased 11% year-over-year, driven by thermal and renewable sources. Despite a net income of Ps. 2.69 billion for Q3 2021, the company faced challenges, including an 82% drop in other operating results. A conference call to discuss results is scheduled for November 10, 2021.
Central Puerto S.A (NYSE:CEPU), a major power generation company in Argentina, will release its Third Quarter 2021 financial results on November 9, 2021. Following this, a conference call led by CEO Fernando Bonnet and CFO Enrique Terraneo is scheduled for November 10, 2021, at 10:00 AM ET. Investors can join the call via a toll-free number or through a live audio webcast on the company's website. The call will also be available for replay afterward.
Central Puerto S.A. (NYSE:CEPU) reported its 2Q2021 financial results, showing a 14% revenue increase year-over-year to Ps. 12.3 billion, driven by higher energy generation. However, gross profit fell 3% to Ps. 5.5 billion due to a 33% rise in costs. The company recorded a net loss of Ps. 4.4 billion, a significant decline from a net income of Ps. 3.3 billion in 2Q2020, primarily impacted by higher income tax expenses and impairment charges on assets amounting to Ps. 3.9 billion. Energy generation soared by 40% compared to the previous year, with notable increases in thermal and hydro production.
Central Puerto S.A. (NYSE:CEPU) announced it will release its Second Quarter 2021 financial results on August 11, 2021. A conference call led by CEO Fernando Bonnet and CFO Enrique Terraneo is scheduled for August 12, 2021, at 11:00 AM ET to discuss the results. Participants can join via a toll-free number or an international line, with a live audio webcast available on the Company’s website. A replay will also be accessible subsequently.
Central Puerto S.A. (NYSE: CEPU) reported a 11% decline in energy generation, totaling 3,479 GWh for 1Q2021, compared to 3,908 GWh in 1Q2020. Key factors included a 33% drop in hydro generation due to water scarcity and thermal units' availability falling to 89%. Revenue decreased 11% to Ps. 10,164 million, impacting gross profit, which fell 26% to Ps. 4,973 million. Net income also declined 53% to Ps. 640 million. The company aims to improve performance with ongoing construction projects and debt restructuring.
Central Puerto S.A. (NYSE:CEPU) is set to announce its First Quarter 2021 financial results on May 12, 2021. CEO Fernando Bonnet and CFO Enrique Terraneo will discuss the results during a conference call on May 13, 2021 at 12:00 PM ET. The conference call can be accessed via toll-free and international dial-in numbers, and will also be available as a live audio webcast on the Company's website. The replay will be accessible afterward as well.
Central Puerto S.A. (NYSE: CEPU) has filed its Annual Report on Form 20-F for the fiscal year 2020 with the SEC on April 26, 2021. The report can be accessed on Central Puerto's website in the Investor Relations section and also from the SEC's website. Shareholders can request a hard copy of the complete audited financial statements free of charge. This report provides important insights into the company's financial performance and operations over the past year.
Central Puerto S.A. (CEPU), a major power generation company in Argentina, released its financial results for FY 2020 and Q4 2020, showing a 22% decline in revenues year-over-year, totaling Ps. 38.1 billion. Q4 2020 revenues decreased 40% to Ps. 9.3 billion, impacted by the abrogation of Resolution No. 70/2018 and a 7% drop in energy generation. Despite these challenges, the company reported an Adjusted EBITDA increase of 22% to Ps. 6.8 billion in Q4. The net income for Q4 was Ps. 580 million, a 68% decrease from the previous year.
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