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Companhia Paranaense de Energia - COPEL

Companhia Paranaense de Energia - COPEL

NYSE•ELP
CEO: Mr. Daniel Pimentel Slaviero
Sector: Utilities
Industry: Diversified Utilities
Listing Date: 1998-06-03
Companhia Paranaense de Energia - COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services segments. It is also involved in the piped natural gas distribution. The company operates hydroelectric, wind, and thermoelectric plants; and owns and operates transmission and distribution lines. It holds concessions to distribute electricity in municipalities in the State of Paraná and in the municipality of Porto União in the State of Santa Catarina. Companhia Paranaense de Energia – COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.
Contact Information
Rua JosE Izidoro Biazetto, 158, Bloco A, Curitiba, PR, 81200-240, Brazil
55-41-3331-4011
www.copel.com
Market Cap
$8.12B
P/E (TTM)
19.6
25.6
Dividend Yield
4.0%
52W High
$11.23
52W Low
$5.72
52W Range
95%
Rank38Top 27.7%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.25B+18.75%
4-Quarter Trend

EPS

$0.09-52.00%
4-Quarter Trend

FCF

$131.50M-2.73%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Net Income Jumped 24.4% Net income attributable to controlling shareholders reached R$ 2,809.7 M in 2024, showing strong 24.4% growth compared to 2023.
Revenue Increased 5.5% Total Net Operating Revenue reached R$ 22,651.0 M in 2024, increasing 5.5% driven primarily by tariff adjustments.
Major Concession Renewals Secured Secured 30-year concession renewals for three major HPPs, involving R$4.1 B in combined grant bonuses paid in 2024.
Portfolio Decarbonization Advanced Portfolio decarbonization advanced with divestments of UEGA and Compagas, achieving 100% renewable electricity generation in 2024.

Risk Factors

Paraná Economy Dependence Operations remain heavily dependent on economic conditions within the State of Paraná for distribution sales volume and stability.
Hydrological Volatility Risk Operating results highly sensitive to volatile hydrological conditions impacting generation capacity and increasing reliance on costlier thermal energy.
Legal Claim Provisions Total Provisions for legal claims stand at R$ 956.7 M as of year-end 2024, reflecting uncertain outcomes from ongoing litigation.
Cybersecurity Vulnerability Remains Cybersecurity remains a significant risk area, despite recent program enhancements following the 2021 cyber attack incident.

Outlook

2025 CAPEX Budgeted Total budgeted CAPEX for wholly-owned subsidiaries in 2025 is R$ 3,029.1 M, focused on distribution and transmission infrastructure expansion.
Strategic Growth Focus Strategy targets growing market value and scaling business through synergy capture (GTDC) while focusing on electricity core business.
Developing Reserve Capacity Projects Developing new projects for energy reserve capacity auctions, emphasizing storage solutions and power availability optimization.
Governance Structure Updated Bylaws were amended post-dispersed capital structure, strengthening governance with independent directors and new advisory committees.

Peer Comparison

Revenue (TTM)

CMS Energy CorporationCMS
$8.30B
+11.0%
Companhia Energética de Minas Gerais - CEMIGCIG
$7.61B
+14.9%
UGI CorporationUGI
$7.29B
+1.0%

Gross Margin (Latest Quarter)

IDACORP, Inc.IDA
76.9%
+51.4pp
Black Hills CorporationBKH
38.1%
-0.1pp
CMS Energy CorporationCMS
29.1%
-13.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CMS$21.41B20.412.4%47.6%
ELP$8.12B19.68.5%34.2%
UGI$8.04B11.914.4%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.8%
Steady Growth
4Q Net Income CAGR
-11.0%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 17, 2025|
    Revenue: $4.19B+5.5%
    |
    EPS: $0.58+6.8%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 11, 2024|
    Revenue: $4.30B+4.6%
    |
    EPS: $0.58+62.2%
    Beat

  • Form 20-F/A - FY 2022

    Period End: Dec 31, 2022|Filed: Jul 13, 2023|
    Revenue: $3.86B-14.4%
    |
    EPS: $0.34-67.4%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 27, 2023|Refer to amended data

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 28, 2022|
    Revenue: $4.43B+28.7%
    |
    EPS: $1.02-1.4%
    Meet

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 20, 2021|
    Revenue: $3.61B+14.7%
    |
    EPS: $1.09+81.8%
    Beat