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CEMIG Q3 2023 Earnings Report

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$1.86 +0.01 (+0.27%)
As of 01/31/2025 03:59 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

CEMIG EPS Results

Actual EPS
$0.09
Consensus EPS
N/A
Beat/Miss
N/A
One Year Ago EPS
N/A

CEMIG Revenue Results

Actual Revenue
$1.93 billion
Expected Revenue
N/A
Beat/Miss
N/A
YoY Revenue Growth
N/A

CEMIG Announcement Details

Quarter
Q3 2023
Time
N/A

Conference Call Resources

CEMIG Earnings Headlines

Cemig downgraded to Hold from Buy at HSBC
We recommended Palantir in 2021, now we're recommending this...
Simply put: All the grandiose claims you hear about AI will amount to nothing without one key investment. That's why I believe the biggest AI gains will NOT come from the "Next NVIDIA"... or some obscure AI startup you've never heard of. In fact, I'm convinced the biggest gains will come from one company that - at first glance - has nothing to do with AI at all. It's a Texas-based firm that provides the backbone for the entire $15.7 trillion AI industry.
CEMIG Achieves ‘AAA’ Rating Upgrade from Fitch
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About CEMIG

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels. As of December 31, 2016, it operated hydroelectric plants, thermoelectric plants, and solar plants with a total installed capacity of approximately 8,000 megawatts in 10 states of Brazil. It is also involved in the telecommunications and energy solutions consulting businesses; exploitation of natural gas; sale and trading of electricity; and acquisition, transport, and distribution of gas and its subproducts and derivatives, as well as provision of technology systems and systems for operational management of public service concessions, including companies operating in electricity, gas, water and sewerage, and other utility companies. The company was founded in 1952 and is headquartered in Belo Horizonte, Brazil.

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