Companhia de Saneamento de Minas Gerais (Copasa MG) reported mixed financial results for the first quarter of 2026. The company beat earnings per share (EPS) expectations but fell short on revenue forecasts. EPS came in at $0.9828, surpassing the forecast of $0.8332, while revenue was R$1.9 billion, below the anticipated R$2.07 billion.
Q1 2026 saw strong operational cash generation, but net income declined and revenue growth missed management expectations. Low temperatures and an unfavorable customer mix impacted revenue.
Copasa MG's stock fell 1.4% in after-hours trading following the earnings release. Despite the EPS beat, investor concerns over revenue shortfalls and declining net income weighed on sentiment.
Company executives emphasized operational efficiency and modernization. Centralized operations and strategic procurement optimization are being successfully implemented. The outlook remains cautiously optimistic.
