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CEPU

Central Puerto S.A.

CEPU

Central Puerto S.A. • NYSE
$15.90 ▲ 6.93% (+1.03)
Market Cap $2.39 B
52w High $16.60
52w Low $7.43
Dividend Yield 0.91%
P/E 12.72
Volume 375.55K
Outstanding Shares 150.24M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $319.592B ▲ $-10.502B ▲ $139.795B ▲ 43.742% ▲ $930.3 ▲ $162.47B ▼
Q2-2025 $214.516B ▼ $-11.749B ▼ $85.642B ▼ 39.923% ▲ $570 ▲ $177.431B ▲
Q1-2025 $223.371B ▲ $8.292B ▼ $87.721B ▲ 39.272% ▲ $550.6 ▲ $105.272B ▲
Q4-2024 $215.138B ▲ $99.195B ▲ $-26.786B ▼ -12.451% ▼ $-178.3 ▼ $77.475B ▼
Q3-2024 $179.844B $-3.459B $38.136B 21.205% $253.8 $131.64B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $399.237B ▲ $3.656T ▲ $1.227T ▲ $2.371T ▲
Q2-2025 $258.132B ▼ $3.199T ▲ $910.907B ▲ $2.234T ▲
Q1-2025 $268.222B ▲ $2.966T ▲ $887.914B ▲ $2.026T ▲
Q4-2024 $244.018B ▲ $2.662T ▲ $798.949B ▲ $1.8T ▲
Q3-2024 $238.068B $2.572T $764.993B $1.753T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $105.061M ▲ $43.295M ▼ $-94.81M ▼ $90.423M ▲ $43.372M ▲ $-9.351M ▼
Q2-2025 $74.477M ▼ $92.946M ▲ $-61.94M ▲ $-18.379M ▼ $-732.153K ▼ $32.574M ▲
Q1-2025 $78.393M ▲ $49.591M ▼ $-72.169M ▼ $12.09M ▲ $2.372M ▲ $5.263M ▲
Q4-2024 $-26.803M ▼ $61.842M ▼ $-46.274M ▲ $-19.605M ▼ $-3.223M ▼ $-4.645M ▼
Q3-2024 $40.53M $130.28M $-121.922M $-7.779M $1.602M $91.772M

Five-Year Company Overview

Income Statement

Income Statement Revenue has risen sharply over the last few years, reflecting both volume growth and price effects in a high‑inflation, heavily regulated environment. Profitability at the operating level looks solid overall, but earnings are very volatile from year to year, with results heavily influenced by non‑operating items, currency effects and accounting revaluations. There was even a small loss a few years ago, showing that profits are not yet consistently stable. The latest year shows strong top‑line growth and healthy cash earnings, but net income is much lower than the prior year, suggesting that headline profit can swing significantly and should be viewed with caution in a market like Argentina.

Balance Sheet

Balance Sheet The balance sheet has expanded rapidly, with total assets and equity multiplying over the period, partly due to investment and partly due to inflation and currency adjustments. The company is equity‑heavy and not overly reliant on debt, which provides some financial resilience, although borrowings have grown as the company funds more projects. Cash on hand appears relatively low compared with the size of the business, which may reflect the local practice of holding value in other forms in an inflationary economy. Overall leverage looks manageable, but the numbers are shaped by Argentina’s accounting environment, so simple comparisons over time can be misleading.

Cash Flow

Cash Flow Cash generation from the core business has improved steadily and is now robust, indicating that the operations are converting earnings into cash reasonably well. Free cash flow has been positive throughout the period, even while the company has been investing, which is a key strength. Capital spending has stepped up noticeably in the most recent year, consistent with an expansion and modernization phase, and this is absorbing more cash. In simple terms, the business is self‑funding its growth at present, but higher investment levels mean execution and project returns matter a lot.

Competitive Edge

Competitive Edge Central Puerto holds a leading position as Argentina’s largest private power generator, with a broad mix of thermal, hydro, wind and solar assets. This scale and diversification help smooth out some of the operational risks tied to fuel prices, water conditions and renewable intermittency. Its plants are located close to major demand centers, which is a real advantage in a grid with transmission bottlenecks. A growing share of revenues comes from contracts linked to the US dollar, which helps mitigate local currency volatility. At the same time, the company remains exposed to Argentina’s regulatory, political and macroeconomic risks, and faces ongoing competition from other generators and new renewable projects. Its move into forestry and mining adds diversification but also introduces new sector‑specific risks.

Innovation and R&D

Innovation and R&D Innovation for Central Puerto is primarily about advanced technology deployment and smart project selection rather than traditional laboratory R&D. The company is using high‑efficiency combined‑cycle gas turbines and digital tools from partners like GE to boost plant efficiency, reliability and predictive maintenance. Its renewable assets, including an efficient solar farm, show a focus on high‑quality, modern equipment. Looking ahead, the company is pushing into grid‑scale battery storage, additional wind and solar capacity, and even the lithium value chain, positioning itself for the energy transition. The exploratory link to supplying power to a potential AI data center highlights its willingness to engage with new, technology‑driven demand. These initiatives could be important growth drivers, but they also come with project, regulatory and technology‑adoption risks.

Summary

Central Puerto combines a strong local market position with improving cash generation and an ambitious growth and diversification strategy. The business has grown quickly, is reasonably capitalized, and is generating solid operating cash, but reported earnings remain volatile and heavily influenced by Argentina’s inflation, currency and regulatory environment. Its diversified asset base, strategic plant locations and dollar‑linked contracts help offset some of these pressures. The company is leaning into the energy transition through renewables, storage and lithium, which could enhance its long‑term prospects if executed well. Overall, this is a sizeable, strategically important Argentine utility with meaningful strengths but also elevated macroeconomic, regulatory and execution risks that shape its outlook.