Equatorial S.A.

Equatorial S.A.

EQUEY
Equatorial S.A.US flagOther OTC
7.27
USD
- -
- -
9.12BMarket 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
4.71
6.77
7.08
7.79
8.8
11.01
18.45
17.59
23.86
23.67
34.42
33.32
39.15
40.56
Basic EPS, GAAP
0.07
0.64
0.81
0.71
1
0.92
2.37
2.92
3.73
1.24
1.81
2.25
1.33
0.76
Free Cash Flow per Basic Share
-0.27
-0.74
0.39
-0.3
-0.2
1.64
-1.06
3.42
0.33
-1.14
3.72
3.38
3.13
2.33
Dividend per Share
0.06
0.01
0.19
0.26
0.26
0.33
0.48
0.64
1.23
0.99
0.69
1.15
4.27
3.94
Book Value per Share
2.35
2.84
3.48
4.02
4.78
5.59
7.97
10.29
12.89
14.98
18.26
20.93
20.47
20.82
Tangible Book Value per Share
-1.76
-1.38
-0.64
-0.62
-0.14
-0.45
-0.88
1.53
-3.11
-11.39
-8.97
-5.02
-4.75
-18.41
Basic Weighted Avg Shares
1,000
1,001
1,001
1,001
1,002
1,002
1,019
1,017
990
1,108
1,147
1,247
1,258
1,256
Sales/Revenue/Turnover
4,715
6,773
7,089
7,804
8,815
11,030
18,796
17,890
23,611
26,217
39,486
41,563
49,253
50,951
Operating Margin (%)
5.76
13.27
9.13
14.44
18.13
22.79
25.26
26.54
21.49
20.77
20.82
18.22
21.98
21.19
Depreciation Expense
253
295
321
350
387
456
637
827
955
1,725
2,447
2,757
3,139
3,276
Net Income, GAAP
69
638
808
712
997
918
2,416
2,975
3,695
1,374
2,076
2,812
1,678
958
Effective Tax Rate (%)
- -
- -
14.38
16.85
2.9
10.38
26.21
20.89
- -
28.62
5.22
3.28
17.18
20.66
Profit Margin (%)
1.46
9.42
11.4
9.13
11.31
8.32
12.85
16.63
15.65
5.24
5.26
6.76
3.41
1.88
Working Capital
1,392
1,234
2,027
2,511
3,420
2,987
5,265
5,935
8,701
-411
9,804
8,922
8,801
9,558
LT Debt
3,050
3,404
3,082
3,847
5,772
8,732
14,941
14,693
21,847
30,465
41,279
49,539
50,145
59,557
Total Equity
2,848
3,446
4,229
4,872
5,748
6,553
9,773
12,278
14,604
18,567
25,284
29,888
28,328
28,715
Return on Invested Capital (%)
- -
- -
6.6
9.88
12.95
13.87
15.08
12.8
- -
7.33
11.27
10.44
10.27
9.21
Return on Capital (%)
- -
- -
11.83
9.85
10.74
9.81
17.35
13.15
- -
5.59
8.04
9.17
5.9
4.59
Return on Common Equity (%)
3.04
24.57
25.6
18.98
22.64
17.68
35.25
32.04
31.82
9.36
11.01
11.91
6.47
3.54

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,426
4,696
3,910
LT Borrowings
50,058
52,158
59,476
LT Finance Leases
87
85
81
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,258
1,257
1,255
Market Capitalization
48,570
50,958
47,585

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
26,605
27,294
26,308
Cash, Cash Equivalents & STI
10,482
10,893
9,220
Accounts Receivable, Net
9,491
9,309
9,461
Inventories
291
302
303
Total Current Liabilities
17,804
17,523
16,750
Payables & Accruals
- -
- -
- -
ST Debt
4,426
4,696
3,910
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.72%
19.05%
-5.22%
Free Cash Flow
-272.23%
-203.73%
-6.51%
Net Income, GAAP
21.41%
1.52%
-40.31%
Sales/Revenue/Turnover
23.11%
23.48%
18.5%
Total Cash Common Dividend
55.14%
80.88%
274.69%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,493
10,021
11,833
11,822
41,563
2025
10,767
11,793
13,403
12,634
49,253
2026
11,983
12,930
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.44
0.65
- -
2.25
2025
0.44
0.86
0.37
- -
1.33
2026
0.34
0.39
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.48
0.34
- -
1.15
2025
0.08
0.68
- -
- -
4.27
2026
0.35
0.08
- -
- -
- -

Company Description

CEO
Augusto Miranda da Paz Junior
Full Time Employees
11,571
Sector
Utilities
Industry
Regulated Electric
Address
Alameda A, Quadra SQS São Luís MA Brazil 070-900
IPO Date
Apr 26, 2010
Business
Equatorial Energia S.A. is a Brazilian holding company engaged primarily in the generation, distribution, transmission, and commercialization of electricity, as well as sanitation services. The company operates through several segments including Distribution, Transmission, Wind Generation, Services, and Sanitation. Its electricity generation portfolio includes renewable sources such as wind, solar, biomass, qualified co-generation, and hydroelectric power plants. Equatorial Energia distributes electric energy across 217 municipalities in Maranhão state, serving approximately 2.5 million consumers, and 144 municipalities in Pará state, serving around 2.6 million consumers. The company also provides services in telecommunications, power plant management, maintenance, and installation of electricity production units. Founded in 1999 and headquartered in São Luís, Brazil, Equatorial Energia has evolved into a major multi-utility company in the North and Northeast regions of Brazil. Recent major changes include the strategic sale of its power transmission business unit, Equatorial Transmissão S.A., to Infraestrutura E Energia Brasil S.A. for around BRL 5.2 billion, expected to close in the fourth quarter of 2025. This transaction comprises seven power transmission lines totaling approximately 2,430 km across four Brazilian states. Equatorial also completed the sale of transmission assets worth BRL 6.4 billion earlier in 2025 and announced BRL 1.8 billion in interest on equity payments to shareholders. The company has undertaken significant funding activities, including raising BRL 9.4 billion and extending average debt maturity to 5.8 years while prepaying BRL 2 billion in debt. Additionally, Equatorial made a 15% strategic stake acquisition in Sabesp in October 2024 involving a capital increase of BRL 2.5 billion. Its business model focuses on regulated electricity distribution and expanding renewable energy generation projects aligned with Brazil’s national energy transition goals. Equatorial Energia maintains leadership in Brazil's regulated electricity market with a broad base of over 5 million customers served through extensive transmission and distribution networks. The company continues to invest in modernizing its infrastructure, improving commercial performance, and enhancing grid reliability. Its sanitation segment serves over 800,000 people, highlighting the firm’s diversification into multi-utility services. The company’s broad product and service portfolio spans electric power generation from diverse renewable and non-renewable sources, electricity transmission and distribution, sanitation services, solar energy commercialization under the Solenergias brand, and telecom infrastructure. Equatorial Energia’s sustained asset recycling strategy and focus on technological innovation position it as a key player in Brazil’s energy sector.

Company News

  • Contrasting Equatorial Energia (OTCMKTS:EQUEY) & Ameren (NYSE:AEE)

  • Equatorial S.A. (EQUEY) Q2 2026 Earnings Call Transcript

  • Equatorial S.A. (EQUEY) Discusses Strategic Acquisition as Reference Investor in Copasa and Growth Opportunities Transcript

  • Equatorial S.A. (EQUEY) Q1 2026 Earnings Call Transcript

  • Equatorial S.A. (EQUEY) Q4 2025 Earnings Call Transcript