Central Puerto Q3 2026 slides: EBITDA surges 70% on fuel strategy

Central Puerto (NYSE:CEPU) reported Q3 adjusted EPS of $0.25, revenue of $532.4M (up 157.6% YoY), and EBITDA of $185.3M (up 70.3% YoY). Growth driven by higher spot thermal revenues and hydro generation. Shares rose 0.20% in after-hours trading. Company reaffirmed 2026 EBITDA guidance of $500-550M.

Central Puerto, Argentina's largest private electricity generator, sold its 9.9% stake in AbraSilver for US$163.1 million, a 6.4x gain on its US$25.5 million investment. The proceeds will be distributed as a special dividend. The sale is unrelated to RIGI tax benefits, according to the company. Shares fell 7.04% on the dividend record date. Central Puerto trades in Buenos Aires and New York.

Central Puerto (CEPU) declared a cash dividend of ARS 164 per share, equivalent to $247.34B, payable on September 25, 2026. Shareholders of record on September 18, 2026, are eligible. Foreign shareholders can opt for USD payment, subject to conditions.

Citi maintained buy ratings on Pampa Energia (PAM) and Central Puerto (CEPU), setting price targets of $121 and $22 per ADR, respectively. The firm forecasts 55% EBITDA growth for both by 2026, driven by production increases and stronger power prices. Citi also highlighted potential upside from PAM's FertilPampa project and CEPU's capital allocation strategies.

Central Puerto SA (CEPU) reported 2Q26 revenues and adjusted EBITDA rising year over year and sequentially, citing higher spot and contracted thermal generation and higher energy prices. The company said investments in battery storage and oil and gas assets support future growth, with leverage at 1.2x LTM EBITDA.

UBS Group AG increased its stake in Central Puerto S.A. Sponsored ADR (NYSE:CEPU) by 462.8% in Q4, buying 115,617 shares to hold 140,597 shares, worth about $2.46M (0.09% of the fund’s holdings), according to its SEC filing. Other investors also adjusted positions. CEPU last reported May 13 EPS of $0.90 vs $0.26 consensus.