Welcome to our dedicated page for Central Puerto news (Ticker: CEPU), a resource for investors and traders seeking the latest updates and insights on Central Puerto stock.
Central Puerto S.A. reports news as an Argentine private-sector power generation company whose American Depositary Shares trade under CEPU. The company's portfolio includes conventional and renewable generation technologies, including combined cycles, co-generation units, steam turbines, hydroelectric plants, wind turbines and photovoltaic farms across Argentina.
Recurring updates cover financial results, conference calls, Form 20-F annual reporting, Argentine wholesale electricity market regulation, remuneration for generation units, renewable-energy portfolio activity, and governance matters. Company announcements also address energy-sector diversification, including mining-related investments and infrastructure initiatives connected to electricity supply in Argentina.
Central Puerto announced its 3Q2020 financial results, showing a 14% drop in revenues to Ps. 9,079 million, mainly due to regulatory changes. Energy generation decreased by 1% to 3,902 GWh, impacted by lower water availability at its hydro plants. However, the company benefited from a 79% increase in renewable energy output due to new wind farms. Adjusted EBITDA fell 60% year-over-year. The company is advancing projects, including the Terminal 6 cogeneration plant expected to enhance operational efficiency.
Central Puerto S.A (NYSE:CEPU) will announce its Third Quarter 2020 results on November 11, 2020. The CEO, Jorge Rauber, and COO, Fernando Bonnet, will discuss the financial results in a conference call on November 12, 2020, at 9:00 ET. Participants can join via toll-free numbers based on their location, and the call will also be streamed live on the company's website. Replay of the call will be accessible later on the Investor Relations section of the website.
Central Puerto S.A. (NYSE:CEPU) reported a significant 18% decline in energy generation for 2Q2020, totaling 2,673 GWh, primarily due to lower energy demand amid COVID-19 quarantine measures and the unavailability of a key thermal unit. Revenues fell 14% to Ps. 7,183 million, largely affected by the abrogation of Resolution No. 70/2018. Despite the challenges, the company expanded its renewable energy portfolio, acquiring a 100% stake in CP Renovables. Adjusted EBITDA increased 72% to Ps. 7,594 million, while consolidated net income reached Ps. 2,189 million.