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Edenor (NYSE: EDN) posts ARS 117,854m profit and ARS 69,292m investments

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(Neutral)
Filing Sentiment
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Form Type
6-K

Rhea-AI Filing Summary

Edenor reported a profit of ARS 117,854 million for the three-month period ended March 31, 2026, supported by a distribution margin that increased 13% versus the same period in 2025. EBITDA reached ARS 190,579 million, mainly from higher revenue after restoration of the electricity rate and the ongoing Five-year Electricity Rate Review approved in 2025.

The company invested ARS 69,292 million in the quarter to enhance and expand its network. Electricity sales were 5,852 GWh, with the customer base rising to 3.4 million, up 1.4% year-on-year. Energy losses improved, with a Rolling 12-Month Rate of 15.32% as of March 2026 and cumulative 1Q26 losses of 14.0%.

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Insights

Edenor shows strong Q1 2026 profitability with higher tariffs, heavier capex and better losses.

Edenor posted profit of ARS 117,854 million and EBITDA of ARS 190,579 million for Q1 2026. Management links this to restored electricity rates, the automatic Five-year Electricity Rate Review and recognition under the Framework Agreement with the Federal Government.

The company invested ARS 69,292 million, indicating continued focus on network quality and coverage. Operating indicators also moved in a favorable direction, with electricity sales at 5,852 GWh, the customer base up 1.4% and lower energy losses on a rolling basis.

Future filings will clarify whether these trends are sustained as the tariff review continues and macroeconomic conditions in Argentina evolve, particularly regarding energy losses, capex levels and the impact of the Framework Agreement on recurring profitability.

Profit ARS 117,854 million Three-month period ended March 31, 2026
EBITDA ARS 190,579 million Three-month period ended March 31, 2026
Distribution margin change 13% increase Versus same period of previous year
Investments ARS 69,292 million First quarter of 2026
Electricity sales 5,852 GWh Q1 2026
Customer base 3.4 million customers Q1 2026, up 1.4% vs. Q1 2025
Energy losses (Rolling 12-Month Rate) 15.32% As of March 2026
Energy losses (quarter) 14.0% Cumulative for Q1 2026
EBITDA financial
"EDENOR REPORTS EBITDA OF ARS 190,579 MILLION AND OVERALL IMPROVEMENTS"
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.
distribution margin financial
"the distribution margin reflects an improvement with a 13% increase"
Five-year Electricity Rate Review regulatory
"The Five-year Electricity Rate Review has continued to be automatically applied"
Framework Agreement regulatory
"this quarter also saw the recording of the Framework Agreement’s recognition"
A framework agreement is a standing contract that lays out general rules, pricing ranges, and how the parties will work together when they later sign specific orders or projects — like an umbrella that covers future deals without fixing every detail up front. Investors watch these because they make future revenue more predictable, can speed up repeat business, and may signal the scale or stability of upcoming sales, reducing uncertainty about a company’s growth.
Rolling 12-Month Rate (TAM) financial
"Energy losses —measured as a Rolling 12-Month Rate (TAM)— as of March 2026"


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April, 2026

 

EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (EDENOR)

(DISTRIBUTION AND MARKETING COMPANY OF THE NORTH )

 

(Translation of Registrant's Name Into English)

 

Argentina

 

(Jurisdiction of incorporation or organization)

 

 

Av. del Libertador 6363,

12th Floor,

City of Buenos Aires (A1428ARG),

Tel: 54-11-4346-5000

 

(Address of principal executive offices)

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

 

Form 20-F  X     Form 40-F        

 

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

 

Yes          No  X  

 

(If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-             .)

 

 
 

 

 

PRESS RELEASE

 

EDENOR REPORTS EBITDA OF ARS 190,579 MILLION

AND OVERALL IMPROVEMENTS IN ITS OPERATING INDICATORS

 

MAIN FINANCIAL INDICATORS

 

 

*The figures for the three-month period of the previous year have been restated to reflect the changes in the purchasing power of the Argentine peso, in accordance with International Accounting Standard No. 29 and the provisions of General Resolution No. 777/2018 of the National Securities Commission.

 

 

Buenos Aires, May 8, 2026, the Board of Directors of Empresa Distribuidora y Comercializadora Norte S.A. (“Edenor” or the “Company”) approved today its financial statements for the three-month period ended March 31, 2026, which show a profit of ARS 117,854 million.

 

In this period, compared to the same period of the previous year, the distribution margin reflects an improvement with a 13% increase.

 

EBITDA stood at ARS 190,579 million, driven by higher revenue recorded due to the restoring of the electricity rate.

 

The Five-year Electricity Rate Review has continued to be automatically applied on a monthly basis since its approval in 2025. Additionally, this quarter also saw the recording of the Framework Agreement’s recognition by the Federal Government.

 

The results of operations for the period amounted to a profit of ARS 117,854 million, also reflecting an optimization of operating costs.

 

Investments in the first quarter of 2026 amounted to ARS 69,292 million, which demonstrates Edenor’s commitment to improving the quality and expanding the scope of its service.

 

MAIN OPERATING INDICATORS

 

Electricity sales reached 5,852 GWh in 1Q26, and the customer base grew to 3.4 million (+1.4% vs. 1Q25).

 

Energy losses —measured as a Rolling 12-Month Rate (TAM)— as of March 2026 were 15.32%, down from year-end 2025 values. Cumulative losses for 1Q26 were 14.0%.

 

 

 
 

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Empresa Distribuidora y Comercializadora Norte S.A.

 

 

 

 

 

 

 

By:

 /s/ Germán Ranftl

 

Germán Ranftl

 

Chief Financial Officer

 

 

Date: May 11, 2026

FAQ

What was Edenor (EDN) profit in the first quarter of 2026?

Edenor reported profit of ARS 117,854 million for the three-month period ended March 31, 2026. This result reflects higher revenue from restored electricity rates, recognition under the Framework Agreement, and optimization of operating costs during the quarter.

How much EBITDA did Edenor (EDN) generate in Q1 2026?

Edenor generated EBITDA of ARS 190,579 million in the first quarter of 2026. Management attributes this to increased revenue from the Five-year Electricity Rate Review, which has been automatically applied monthly since 2025, and the recognition of the Framework Agreement by the Federal Government.

What investments did Edenor (EDN) make in the first quarter of 2026?

Edenor invested ARS 69,292 million in the first quarter of 2026. The company states these investments demonstrate its commitment to improving service quality and expanding its electricity distribution network, supporting reliability and coverage for its growing customer base in the Buenos Aires area.

How did Edenor (EDN) operating indicators evolve in Q1 2026?

Edenor’s operating indicators improved, with electricity sales of 5,852 GWh and a customer base of 3.4 million, up 1.4% year-on-year. Energy losses decreased, with a Rolling 12-Month Rate of 15.32% as of March 2026 and cumulative quarterly losses of 14.0%.

What drove Edenor (EDN) revenue and margin in early 2026?

Revenue and margin were supported by the restoration of electricity rates and the Five-year Electricity Rate Review, automatically applied monthly since 2025. The distribution margin improved by 13% versus the prior-year quarter, reflecting this tariff framework and efficiency in operating costs.