Comp En De Mn Cemig ADS Q2 2024 Earnings Results & Report

Comp En De Mn Cemig ADS EPS Results

• Actual EPS: $0.07
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Comp En De Mn Cemig ADS Revenue Results

• Actual Revenue: $1.81 billion
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Companhia Energética de Minas Gerais S.A., commonly known as Cemig, is a Brazilian electric utility headquartered in Belo Horizonte, Minas Gerais. Founded in 1952, the company operates across the electricity value chain, with activities that include power generation, transmission, distribution and energy sales.

Cemig serves customers in Minas Gerais and participates in energy activities elsewhere in Brazil through its operating subsidiaries and investments. Its generation portfolio includes hydroelectric facilities and other renewable energy assets, while its distribution business delivers electricity to residential, commercial and industrial customers. The company also has interests in natural gas distribution through Gasmig and provides related energy services.

Cemig is controlled by the state government of Minas Gerais and is publicly traded in Brazil, with American depositary shares listed on the New York Stock Exchange under the symbol CIG. Its operations are primarily focused on supporting Brazil’s electricity infrastructure and supplying energy to a broad customer base.