EPM 3Q 2026 Profits Rise 16% Year-on-Year

Medellin-based multinational electric power and utilities giant Grupo EPM announced November 13 that its third quarter (3Q) 2026 net income rose 16% year-on-year, to COP$3.3 trillion (US$993 million), from COP$2.8 trillion (US$843 million) in 3Q 2025.

Revenues also rose 4% year-on-year, to COP$30 trillion (US$9 billion), from COP$29 trillion (US$8.7 billion) in 3Q 2025.

Earnings before interest, taxes, depreciation and amortization (EBITDA) dipped 21% year-on-year, to COP$6.7 trillion (US$2.01 billion), from COP$8.5 trillion (US$2.56 billion) in 3Q 2025.

“The operating environment was shaped by factors that increased the costs of service provision, including the El Niño phenomenon in Colombia, as well as the ‘red tide’ and the ‘altiplanic winter’ (Andean summer rains) in Chile,” according to the company.

While profits and EBITDA inside Colombia improved year-on-year, “operational results were impacted by higher costs linked to an increase in the minimum wage, a wealth tax, and energy market conditions,” according to the company.

“The El Niño [drought] phenomenon [hurting EPM’s hydroelectric power operations] created imbalances between energy generation capacity and supply commitments established through contracts, forcing the company to purchase energy in a market where prices were significantly higher.

“Consequently, a gap emerged between the prices agreed upon in long-term contracts and spot market prices—a situation that put pressure on the margins and operational results of both EPM [Colombia] and the EPM Group.

“Earnings from subsidiaries helped bolster EPM’s overall performance, underscoring the value of a diversified portfolio.

“As of September 2026, [electric] energy distribution accounted for 40% of EBITDA, supported by one of the largest distribution operations in the country and an extensive user base.

“This was followed by energy generation, which contributed 33%, driven by efficient hydroelectric and thermal operations.

“Water supply, sewerage, wastewater treatment, and solid waste management services contributed 22%, while energy transmission accounted for 4%, and the natural gas business for 1%.

“Colombia accounted for 78% of EBITDA, followed by Guatemala (9%), Chile (6%), Panama (5%), Mexico (1%), El Salvador (0.6%), and Bermuda (0.4%),” the company added.