CFE reports a net loss of 23.31 billion pesos in the third quarter

The Comisión Federal de Electricidad (CFE) reported a net loss of 23,310.25 million pesos in the third quarter of 2026, compared with a profit of 56,416.16 million pesos in the same period of 2025, according to the report sent to the Bolsa Mexicana de Valores and the statement covered by El Financiero. Net revenue was 518,460 million pesos, 1 percent lower than the prior year, even though the volume of energy sold grew 3.4 percent.

In its statement, the company attributed the difference from 2025 mainly to lower foreign-exchange gains tied to the valuation of obligations denominated in foreign currency, an effect it described as accounting in nature with no equivalent cash outflow. In the quarter, operating costs rose by 5,663 million pesos, equivalent to 1 percent, due to the payment of remuneration and labor obligations, according to the report to the BMV. Operating profit fell 53 percent, to 18,354.01 million pesos, after financial expenses of 39,068.6 million.

For the national electricity system (SEN), the balance sheet of a state productive company in a market with more energy demand is a reference point for its capacity to sustain investment. CFE stated that operating generation, the reduction of financial expenses and the strengthening of liquidity support its capacity to meet obligations and sustain the 2026-2030 Development Program.

Other third-quarter data:

- Total financial debt was 501,315 million pesos, 4.1 percent more than in the second quarter. - Short-term debt stood at 79,287 million and long-term debt at 422,028 million. - EBITDA reached 164,128 million pesos, with a margin of 31.7 percent, the sixth consecutive quarter above 30 percent, according to Expansión. - Revenue from the sale of fuels to third parties and from tariffs for sales to the industrial and commercial sectors declined due to average natural gas prices.

Cumulatively through September, CFE received revenue of 383,668.2 million pesos, 1 percent less than the previous year; 55.2 percent came from service to the industrial sector and 27.4 percent from the residential domestic sector. The next reference point will be the fourth-quarter report, which will show whether the foreign-exchange effect reverses and how the development program closes out the year.

This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.