CPFL Energia (CPFE3) reported a net profit of R$1.755 billion in the first quarter of this year, marking an increase of 6.3% compared to the same period last year. Meanwhile, consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) for the period reached R$3.865 billion, representing an increase of 9.5% compared to the previous year.
CPFL’s net operating revenue in the first quarter of 2024 totaled R$10.166 billion, registering an increase of 3.3% compared to the same period in 2023.
CPFL’s positive results were mainly driven by the distribution segment, which contributes 65% of the company’s EBITDA and experienced strong growth in energy consumption, attributed to high temperatures. The Ebitda of this segment totaled R$2.53 billion, representing an increase of 9.5%.
CPFL Energia (CPFE3)
According to CPFL’s balance sheet, the load in the concession area, net of losses, increased 5.1% in the period, reaching 19,419 gigawatt-hours (GWh). Furthermore, the market recorded an increase in energy sales volume of 5.3% compared to the same period in 2023, with emphasis on the residential (up 11.4%) and commercial (up 10.0%) segments. %). Meanwhile, the industry showed an increase of 2.2%, indicating signs of recovery.
The company
The company is one of the largest companies in the electrical sector in Brazil. Founded in 1912, its acronym derives from Companhia Paulista de Força e Luz. Over the years, the company expanded its operations and acquired several other companies in the electrical sector, becoming one of the main distributors of electrical energy in the country.
In addition to energy distribution, CPFL operates in other areas of the electricity sector, such as generation, transmission, commercialization and energy services. The company has a diversified portfolio of assets, including hydroelectric plants, thermoelectric plants and wind farms, among others.
CPFL Energia operates mainly in the state of São Paulo, but is also present in other regions of Brazil, serving millions of residential, commercial and industrial customers. Its services range from the supply of electrical energy to more complex energy solutions, such as energy efficiency and distributed generation.
