Copel(ELP)

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Copel(ELP) - 2023 Q4 - Annual Report
2024-04-11 10:27
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of April, 2024 Commission File Number 1-14668 COMPANHIA PARANAENSE DE ENERGIA (Exact name of registrant as specified in its charter) Energy Company of Paraná Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuan ...
Copel(ELP) - 2023 Q4 - Annual Report
2024-04-11 10:16
As filed with the Securities and Exchange Commission on April 10, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission file number: 001-14668 COMPANHIA PARANAENSE DE ENERGIA – COPEL (Exact Name of Registrant as Specified in its Charter) Energy Company of Paraná (Translation of Registrant's Name into English) The Federative Republic of Bra ...
COPEL: Value Thesis Taken Shape, Best Yet To Come
Seeking Alpha· 2024-03-11 04:56
Wirestock/iStock via Getty Images In this quarterly update on Companhia Paranaense de Energia - COPEL (NYSE:ELP), I'm upgrading the company's shares from a neutral position to a buy." As highlighted in my previous article, my initial investment thesis centered on COPEL's privatization, which transitioned from a state-controlled entity in Paraná, Brazil, to a private company. Although uncertainties surrounded this process, including a follow-on offering to dilute state ownership, COPEL allocated a significan ...
Copel(ELP) - 2023 Q4 - Earnings Call Transcript
2024-03-01 16:25
Financial Data and Key Metrics Changes - The company reported an adjusted EBITDA of BRL5.8 billion for the year, marking a nearly 6% increase compared to 2022, and BRL1.5 billion for Q4 2023, reflecting almost 5% growth [22][18][41] - Net income doubled year-on-year, reaching BRL2.3 billion in Q4 2023 and BRL943 million for the year, a 51% increase [41][22] - Cash generation totaled BRL5.2 billion for the year, up approximately 3% from the previous year [41] Business Line Data and Key Metrics Changes - The Generation and Transmission (G&T) segment contributed BRL900 million to adjusted EBITDA in Q4 2023, with a total of BRL3.5 billion for the year, consistent with 2022 [24] - The distribution segment saw an adjusted EBITDA of BRL600 million in Q4 2023, a 36% increase compared to Q4 2022, and surpassed BRL2 billion for the year, up 24% from 2022 [24] Market Data and Key Metrics Changes - The company noted a 28% regulatory efficiency in distribution, with significant investments in modernizing and expanding the electricity infrastructure in Paraná [37] - The company is positioned to take advantage of energy market volatility, with expectations of price increases due to hydrology status and higher demand [67] Company Strategy and Development Direction - The company plans to invest BRL6.5 billion in 2024, with BRL4 billion allocated for grant bonuses and BRL2.1 billion for distribution [38] - The strategic focus includes maximizing the value of assets like Compagas, with a potential sale in the first half of 2024 if an adequate price is reached [20][3] - The company aims to migrate to Novo Mercado, enhancing governance and liquidity for shareholders [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the company's strong market position and commitment to sustainable growth [18][15] - The company is preparing for potential climate impacts and is focused on operational efficiency, with a zero-based budgeting initiative underway [6][25] Other Important Information - The company has expanded its shareholder base significantly, from approximately 85,000 in 2019 to nearly 400,000 currently, indicating strong investor interest [11] - The company achieved recognition for its capital raise, being named Deal of the Year by LatinFinance [18] Q&A Session Summary Question: Dividend payout expectations for 2024 and Compagas sale timeline - Management indicated a base case of a 50% dividend payout, with potential for extraordinary dividends depending on investment opportunities and the Compagas sale process [3][62] Question: Recurring expenses and PMSO levels - Management discussed ongoing efforts to reduce PMSO by BRL500 million over three years, with a voluntary severance program planned for August [65][64] Question: Energy market dynamics and pricing sustainability - Management acknowledged the current volatility in energy prices and the company's strategy to capitalize on market opportunities while monitoring demand [67][66] Question: M&A strategy and focus on renewable sources - Management clarified that while they are not currently pursuing certain assets, they remain open to opportunities that align with their renewable energy strategy [10][69] Question: Updates on migrating to Novo Mercado - Management confirmed ongoing discussions with stakeholders and a commitment to achieving the highest governance standards [14][72]
Copel(ELP) - 2023 Q3 - Earnings Call Transcript
2023-11-10 14:01
Companhia Paranaense de Energia - COPEL (NYSE:ELP) Q3 2023 Earnings Conference Call November 9, 2023 7:00 AM ET Company Participants Daniel Slaviero - Chief Executive Officer Adriano Rudek de Moura - Chief Financial Officer Conference Call Participants Fillipe Andrade - Itau BBA Gustavo Faria - Bank of America Giuliano Ajeje - UBS Antonio Junqueira - Citi Operator Good morning, ladies and gentlemen. Welcome to the videoconference of Companhia Paranaense de Energia, COPEL to discuss the Results of the Third ...
Copel(ELP) - 2023 Q2 - Earnings Call Transcript
2023-08-15 21:29
Companhia Paranaense de Energia - Copel (NYSE:ELP) Q2 2023 Results Conference Call August 15, 2023 1:00 PM ET Company Participants Daniel Slaviero - CEO Adriano Rudek de Moura - CFO Conference Call Participants Daniel Travitzky - Banco Safra Marcelo Sá - Itau BBA Francisco Navarrete - Bradesco BBI Operator Good day, ladies and gentlemen. Welcome to Companhia Paranaense de Energia, Copel Video Conference to Discuss Second Quarter 2023 Results. This video conference is being recorded, and the replay can be ac ...
Copel(ELP) - 2023 Q2 - Quarterly Report
2023-06-29 16:00
SECURITIES AND EXCHANGE COMMISSION FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of June, 2023 Commission File Number 1-14668 COMPANHIA PARANAENSE DE ENERGIA (Exact name of registrant as specified in its charter) Energy Company of Paraná (Translation of Registrant's name into English) José Izidoro Biazetto, 158 81200-240 Curitiba, Paraná Federative Republic of Brazil +55 (41) 3331-4011 (Address of principal executive offices) ...
Copel(ELP) - 2023 Q1 - Quarterly Report
2023-06-07 16:00
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of June, 2023 Commission File Number 1-14668 COMPANHIA PARANAENSE DE ENERGIA (Exact name of registrant as specified in its charter) Energy Company of Paraná (Translation of Registrant's name into English) 3 3 5 6 7 8 1 0 1 0 1 5 1 7 1 8 1 9 1 9 2 0 2 1 2 2 2 3 2 6 2 7 3 1 3 2 3 2 3 5 3 7 3 9 3 9 4 0 4 4 4 6 4 7 4 7 4 8 4 9 ...
Copel(ELP) - 2023 Q1 - Earnings Call Transcript
2023-05-11 22:33
Company Participants Adriano Moura - Chief Financial Officer Conference Call Participants Andre Sampaio - Santander Good afternoon, ladies and gentlemen, welcome to Companhia Paranaense de Energia - COPEL's Video Conference Call to discuss the results of the First Quarter 2023. This call is being recorded, and the replay may be accessed at the companyÂ's website, ri.copel.com and the presentation is also available for download. We would like to inform you that all participants will be in listen-only mode du ...
Copel(ELP) - 2023 Q1 - Earnings Call Presentation
2023-05-11 16:54
RESULTS COPEL Pura Energian S 1Q LT Any statements made during this event involving Copel's business outlook or financial and operating forecasts and targets constitute the beliefs and assumptions of the Company's Management, and the information currently available. The general economic conditions, industry conditions and other operating factors could come to affect the future performance of Copel and lead to results that are materially different from those expressed in said forwardlooking statements. BUSIN ...