Enel Chile's 2024 results met expectations, driven by stable pricing, strong cash flows, and favorable hydrology, despite a $100 million storm-related settlement. The company reaffirmed its 2027 net income targets of $500–700 million, implying an 11–15% earnings yield on current market cap, maintaining a Buy rating. Hydrology reversion and reliance on cheaper Argentinian gas will impact future profitability, with increased capex in battery storage projects to offset hydro generation declines.
Enel reported strong Q4 and FY 2024 results. We report strong operating performance in Spain and margin normalization in Italy. Thanks to ongoing deleveraging, we maintain a positive outlook. This is due to the potential upside in shareholders' remuneration and a rigorous process for acquiring only EPS-accretive assets. The CEO mentioned buyback optionality. With additional short-term catalysts, Enel trades at an unjustified discount to peers, offering the highest yield among EU-integrated peers. Our buy is confirmed.
Enel SpA (OTCPK:ENLAY) Q4 2024 Earnings Conference Call March 13, 2025 1:30 PM ET Company Participants Omar Al Bayaty - Head, IR Flavio Cattaneo - CEO Stefano De Angelis - CFO Conference Call Participants Omar Al Bayaty Good evening to all the people connected. Welcome to the Full Year 2024 Result Presentation, which will be hosted by Enel CEO, Flavio Cattaneo and the CFO, Stefano De Angelis.
Barclays raised the firm's price target on Enel to EUR 8.40 from EUR 8.30 and keeps an Overweight rating on the shares. The firm says European utilities "remain in the foothills of a super-cycle." Regulated is now Barclays' preferred sub-sector and generators earnings "continue to unwind," the analyst tells investors in a research note. Barclays sees possible upside surprises from balance sheet clarity, low European expectations and capacity payments.
Enel's strategic plan aims to maximize shareholder returns while pivoting the company's new CAPEX towards developed geographies. The company plans €43 billion in CAPEX, focusing on grids and renewables, which will contribute by 70% of the 2027 EBITDA projection. Despite no short-term catalysts, Enel's unjustified discount to peers and higher dividend yield make it a compelling buy.
Italy's Enel plans to invest 43 billion euros ($45.30 billion) in the next three years, of which 26 billion euros will be allocated for power grids and the remainder for renewable projects, the utility said on Monday.
Enel SpA (OTCPK:ENLAY) Nine-Month 2024 Results Earnings Conference Call November 6, 2024 ET Company Participants Omar Al Bayaty – Head-Investor Relations Stefano De Angelis – Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the Enel Nine-Month 2024 Results Conference Call.
Brazil's solicitor general's office said on Friday that it is suing Italy's Enel for 260 million reais ($45.12 million) in collective restitution due to damages caused by last month's power outage in Sao Paulo, Latin America's largest city.
Italy's biggest utility Enel said on Wednesday its nine-month core profit rose 6.5% year on year, on the back of strong renewable power production, which more than compensated a fall in retail energy prices in its home country.
Enel posted impressive results in the first half of 2024, with earnings growing by 9% despite a reduced growth plan. The company's strategy now focuses on investing in Regulated Assets over Renewables, aligning with impending national regulation and aiming for consistent returns. Shareholder returns are prioritized with a set dividend floor and potential for growth, but risks include political interference, concentration in Southern Europe, and macroeconomic conditions.
Italy's biggest utility Enel has won contracts to supply 11.5 gigawatt (GW) of power capacity to be delivered in 2025 under the country's capacity market auction, the company said on Wednesday.
This was a week of massive market ROTATION – Out of big-cap technology stocks and into everything from small caps to precious metals and mining shares. Is this just a blip?