The chart below shows how ELP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ELP sees a -2.43% change in stock price 10 days leading up to the earnings, and a +0.98% change 10 days following the report. On the earnings day itself, the stock moves by -3.76%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Strong Operational Performance: Adjusted EBITDA exceeded BRL 1.2 billion, showcasing strong operational performance.
Net Income Milestone: Reported net income also broke the same barrier of BRL 1.2 billion, driven by business results and extraordinary events.
Divestment Recognition: The closing of the divestment at Compagas and UEG with a recognition of BRL 170 million in the period.
Real Estate Sale Impact: The conclusion of the sale of Copel G&T's real estate amounted to BRL 286 million, adding approximately BRL 175 million to net income.
Dividend Declaration Announcement: Declared dividends of BRL 485 million to be paid on November 29, equivalent to 50% of the payout considering the results of the first half of this year.
Negative
EBITDA Decline Analysis: Adjusted EBITDA was 10.9% lower than the BRL 1.4 billion in the third quarter of '23, mainly due to the reduction in the average energy price at Copel Jet portfolio to BRL 176.31 compared to BRL 204 last year.
Wind Farm Performance Decline: There was a drop in the results of wind farms, mainly impacting by the generation deviation with an effect of BRL 67 million, mainly caused by the 23% curtailment in the period.
Personnel Cost Reduction: The reduction in personnel costs, isolating the inflationary effect and placing it on a comparable basis was a drop of 11.2%.
Quarterly Net Income Increase: The adjusted net income exceeded BRL 572 million in the quarter, 16% higher than the record in the second quarter.
EBITDA Reduction Analysis: The company recorded a reduction of BRL 73 million with provisional reversals and effect of a provision related to the MCST methodology held in the third quarter of '23 and the reduction of BRL 27 million in EBITDA for the quarter.
Companhia Paranaense de Energia - COPEL (ELP) Q3 2024 Earnings Call Transcript
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