Central Puerto Reports 70% Increase in Third-Quarter Adjusted EBITDA
Central Puerto (CEPU) reported a significant surge in its third-quarter financial performance, with adjusted EBITDA rising 70% year-over-year to $185.3 million. The company's growth is driven by strategic shifts in fuel procurement, moving 55.3% of its consumption to direct deals—including a major natural gas agreement with Pluspetrol—to secure higher operating margins and reduce reliance on Argentina's wholesale electricity market administrator, CAMMESA. Beyond power generation, the company is diversifying into upstream oil and gas exploration within the Vaca Muerta shale formation. Management is also prioritizing capital projects, such as utility-scale battery storage and potential acquisitions of state-owned energy assets, supported by a strengthened balance sheet with net financial leverage reduced to 0.72 times adjusted EBITDA. The company remains on track to meet its full-year guidance of $500 million to $550 million in adjusted EBITDA.
Tickers: $CEPU
Topics: Debt Reduction Earnings Report Energy Sector Fuel Procurement