Colbún Reports EBITDA of US$156.9 Million for the Second Quarter of 2026
Colbún S.A. reported 2Q26 EBITDA of US$156.9 million, up 12% from US$140.6 million a year earlier, despite rainfall deficits of up to 89% versus an average hydrological year. Generation rose 19% on the return of the Santa María plant, higher output from the Horizonte wind farm and greater dispatch at the Nehuenco gas complex, shifting the company from a net buyer to a net seller in the spot market. Revenue climbed 12% to US$449.2 million. Profit for the quarter, however, fell 24% to US$36.6 million, hit by non-recurring items — chiefly the early cancellation of coal contracts signed in 2022 — and higher financial expenses. For the first half, EBITDA was US$289.5 million (−9%) and net profit US$60.9 million, down from US$130.6 million, largely due to the TGP gas pipeline outage in March that forced Fenix onto diesel. Highlights: 68 new energy contracts in Chile (481 GWh/year), 8 in Peru (15.5 MW), and BESS Celda Solar at 94% progress with BESS Diego de Almagro Sur at 58%.
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