Edenor's strong 1Q26 results with EBITDA growth and margin improvement, supported by the ongoing Five-year Electricity Rate Review and government Framework Agreements, signal improving fundamentals. Traders should watch for continued rate adjustments and energy loss reduction trends in upcoming quarters as key catalysts.
Price Chart
Executive Summary
Edenor reported 1Q26 results with EBITDA of ARS 190,579 million and net profit of ARS 117,854 million, driven by higher revenue from restored electricity rates and the Five-year Electricity Rate Review. The distribution margin improved 13% YoY, and electricity sales reached 5,852 GWh with a 1.4% customer base increase, while energy losses declined.
Key Facts
- EBITDA of ARS 190,579 million in 1Q26, driven by higher revenue from restored electricity rates
- Net profit of ARS 117,854 million for the three-month period ended March 31, 2026
- Distribution margin improved 13% compared to the same period of the previous year
- Electricity sales reached 5,852 GWh in 1Q26
- Customer base grew to 3.4 million, up 1.4% vs 1Q25
- Energy losses (Rolling 12-Month Rate) as of March 2026 were 15.32%, down from year-end 2025
- Cumulative energy losses for 1Q26 were 14.0%
- Investments in 1Q26 amounted to ARS 69,292 million
- Five-year Electricity Rate Review continues to be automatically applied monthly since 2025 approval
- Framework Agreements recognition by the Federal Government recorded in the quarter
Financial Impact
EBITDA of ARS 190,579 million and net profit of ARS 117,854 million in 1Q26, with 13% distribution margin improvement YoY
Risk Factors
- Argentine peso inflation and currency devaluation could impact reported financials in USD terms
- Regulatory risk from potential changes to the Five-year Electricity Rate Review or government agreements
- Energy losses remain elevated at 15.32% despite improvement, posing operational risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-002994 |
| Document: 0001292814-26-002994-index-headers.html | 0001292814-26-002994 |
| Document: 0001292814-26-002994-index.html | 0001292814-26-002994 |
| Document: 0001292814-26-002994.txt | 0001292814-26-002994 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 18d ago | 6-K | $20.22 | awaiting T+20 | — | $17.34 (−14.24%) |
Aug 11, 2026 11w ago | 6-K | $23.04 $24.83 | ▲ +7.77% | ▲ +8.83% | $17.34 (−24.74%) |
Aug 11, 2026 11w ago | 6-K | $23.04 $24.83 | ▲ +7.77% | ▲ +8.83% | $17.34 (−24.74%) |
Aug 7, 2026 11w ago | 6-K | $24.30 $24.60 | ▲ +1.23% | ▲ +1.63% | $17.34 (−28.64%) |
Jul 23, 2026 13w ago | 6-K | $25.71 $22.30 | ▼ −13.26% | ▼ −16.89% | $17.34 (−32.56%) |
Jun 29, 2026 17w ago | 6-K | $25.69 $25.71 | ▲ +0.08% | ▲ +0.36% | $17.34 (−32.50%) |
Jun 24, 2026 17w ago | 6-K | $24.49 $26.59 | ▲ +8.57% | ▲ +8.05% | $17.34 (−29.20%) |
May 14, 2026 23w ago | 6-K | $23.50 $27.56 | ▲ +17.28% | ▲ +18.13% | $17.34 (−26.21%) |
May 12, 2026 24w ago | 6-K | $24.16 $25.93 | ▲ +7.33% | ▲ +9.05% | $17.34 (−28.23%) |
May 12, 2026 24w ago | 6-K | $24.16 $25.93 | ▲ +7.33% | ▲ +9.05% | $17.34 (−28.23%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers