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    Gas distributors
Companhia Distribuidora de Gas do Rio de Janeiro

Companhia Distribuidora de Gas do Rio de Janeiro

56.50
BRL
+8.50
(+17.71%)
2.78EPS
14.01P/E
9.65BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
12.01
13.57
14.36
12.02
14.76
16
17.84
12.27
17
23.62
21.58
19.88
18.51
17.85
Basic EPS, GAAP
1.31
1.24
1.1
1.12
1.31
0.67
1.44
1.36
1.83
1.06
2.3
2.03
2.37
2.78
Free Cash Flow per Basic Share
1.13
0.33
0.14
0.3
0.79
1.23
1.16
1.33
1.92
1.32
1.66
1.34
1.48
2.82
Dividend per Share
1.08
1.29
0.6
0.29
0.74
0.83
2.11
0.89
2.31
0.61
1.02
1.47
0.51
- -
Book Value per Share
3.67
3.62
4.14
4.84
5.18
4.98
3.52
4.6
3.93
4.66
5.61
6.43
8.26
9.49
Tangible Book Value per Share
-1.71
-2.95
-3.07
-2.94
-3.23
-3.49
-5.06
-3.99
-4.62
-4.72
-4.32
-3.86
-2.64
-1.53
Basic Weighted Avg Shares
260
260
260
260
260
260
260
260
260
260
260
260
260
257
Sales/Revenue/Turnover
3,118
3,524
3,728
3,120
3,831
4,153
4,631
3,185
4,413
6,134
5,602
5,162
4,807
4,581
Operating Margin (%)
17.48
15.08
13.88
16.52
15.2
9.99
12.9
19.1
17.5
13.63
19.06
17.88
22.68
26.85
Depreciation Expense
102
99
109
109
116
125
132
139
142
142
149
161
173
185
Net Income, GAAP
341
321
284
291
339
173
373
352
475
274
597
527
615
714
Effective Tax Rate (%)
31.91
32.06
31.67
29.09
29.14
24.35
31.77
32.46
32.76
30.12
31.83
30.84
31.5
31.3
Profit Margin (%)
10.95
9.11
7.63
9.32
8.84
4.17
8.05
11.05
10.76
4.47
10.66
10.2
12.8
15.6
Working Capital
-186
-201
-318
-319
-253
-146
-340
-211
-549
49
149
-228
-448
-256
LT Debt
324
604
544
511
637
675
903
771
847
1,286
1,391
1,001
494
367
Total Equity
952
939
1,074
1,258
1,344
1,293
913
1,194
1,021
1,152
1,389
1,592
2,044
2,347
Return on Invested Capital (%)
25.25
22.17
19.03
17.57
18.23
13.87
20.22
19.96
22.48
24.41
28.24
21.47
21.99
30.83
Return on Capital (%)
26.01
22.66
18.7
17.68
18.17
10.06
20.14
17.89
22.69
24.3
25.28
20.64
22.51
25.73
Return on Common Equity (%)
37.14
33.95
28.26
24.93
26.05
13.13
33.8
33.42
42.88
25.21
46.98
35.34
33.84
34.49

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
628
621
498
LT Borrowings
487
495
366
LT Finance Leases
7
5
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
247
247
247
Market Capitalization
19,300
14,970
9,650

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,063
1,184
1,138
Cash, Cash Equivalents & STI
237
443
385
Accounts Receivable, Net
648
554
602
Inventories
10
11
12
Total Current Liabilities
1,510
1,463
1,395
Payables & Accruals
- -
- -
- -
ST Debt
628
621
498
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.35%
12.39%
28.42%
Free Cash Flow
37.77%
6.07%
10.68%
Net Income, GAAP
19.52%
23.1%
16.81%
Sales/Revenue/Turnover
4.93%
10.83%
-6.88%
Total Cash Common Dividend
34.4%
25.87%
-65.39%

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,240
1,263
1,349
3,813
5,162
2025
1,127
1,218
1,277
1,186
4,807
2026
994
1,124
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.5
0.64
1.45
2.03
2025
0.32
0.47
0.79
0.83
2.37
2026
0.53
0.64
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.77
1.47
2025
- -
- -
- -
- -
0.51
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Katia Brito Repsold
Full Time Employees
291
Sector
Utilities
Industry
Gas distributors
Address
Avenida das Américas Rio de Janeiro RJ Brazil 22640-907
IPO Date
Jul 17, 2000
Website
gasnaturalfenosa.com.br
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Business
Companhia Distribuidora de Gás do Rio de Janeiro - CEG stands as a vital energy infrastructure entity in Brazil, dedicated to the provision of natural gas and related services throughout the state of Rio de Janeiro. This long-established enterprise, originally founded in 1854, evolved significantly through its privatization in 1997, ultimately becoming an integral part of Naturgy's (formerly Gas Natural Fenosa) operations in the country. CEG delivers comprehensive natural gas solutions across diverse sectors, including residential, commercial, industrial, thermoelectric power generation, and automotive. Its core offerings include the distribution of piped natural gas, compressed natural gas (CNG), and natural gas for vehicles (NGV). Beyond the direct supply of gas, the company provides essential services such as the development, distribution, and maintenance of gas networks and infrastructure, along with equipment solutions like heaters and various accessories. Serving a wide array of customers, CEG operates across numerous municipalities within the Rio de Janeiro metropolitan area and additional strategic regions of the state. Major ownership in CEG is held by Naturgy, with a substantial equity stake, reinforcing its position as a key energy provider in the region. Looking ahead, the company is actively investigating opportunities to integrate biomethane into its energy portfolio, signifying its commitment to future energy advancements. CEG's current concession agreements are anticipated to conclude within approximately five years, prompting ongoing discussions regarding the future framework of natural gas distribution contracts in the state.