AcquisitionsAug 10, 2026, 03:46 PM
Edenor Q2 Profit ARS 31.3B; Binds Offer for 70% Metrogas Stake
AI Summary
Edenor reported a Q2 2026 net profit of ARS 31.3 billion, a 75% decrease compared to Q2 2025, primarily due to a one-off gain from a CAMMESA settlement in the prior year. Revenues for the quarter increased 10% to ARS 918.5 billion, driven by tariff regularization. The company also announced a binding offer to acquire 70% of Metrogas and 5% of MetroEnergia, signaling strategic expansion. Operational improvements led to an 8% reduction in operating expenses for the first six months of 2026, and the company successfully managed its debt with new Senior Notes issuances totaling USD 963 million.
Key Highlights
- Submitted binding offer to acquire 70% of Metrogas and 5% of MetroEnergia.
- Q2 2026 net profit was ARS 31.3 billion, down 75% due to a prior year one-off gain.
- Q2 2026 revenues increased 10% to ARS 918.5 billion, driven by tariff regularization.
- 6M 2026 EBITDA, excluding CAMMESA settlement, increased 94% year-over-year.
- Operating expenses decreased 6% in Q2 2026 and 8% in 6M 2026 due to optimization.
- Total Senior Notes reached USD 1,415 million as of August 10, 2026.
- Issued USD 213 million Senior Notes Class 11 at 7.5% due July 2029.
- Reopened Class 10 Senior Notes for USD 750 million at 9.5% due 2031-2033.
Price Impact
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