Enel Chile (NYSE:ENIC) Releases Earnings Results, Beats Estimates By $0.01 EPS

Posted by Brian Himes on Oct 29th, 2026

Enel Chile (NYSE:ENIC – Get Free Report) issued its quarterly earnings data on Thursday. The utilities provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01, Zacks reports. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Enel Chile had a net margin of 12.30% and a return on equity of 10.20%.

Here are the key takeaways from Enel Chile’s conference call:

Resilient financial performance: Nine-month EBITDA rose 2% to $1.02 billion, net income increased 11% to $390 million, and FFO grew 25% to $770 million. Management reiterated that it remains on track to meet its 2026 EBITDA and net income guidance.
Hydrology improved materially: Strong rainfall in August and September lifted third-quarter hydro generation 88% sequentially, while full-year hydro generation is now expected at 11–12 TWh. However, management cautioned that low spot prices mean higher hydro output will not translate one-for-one into higher EBITDA.
Storage expansion remains on schedule: Approximately 0.6 GW of grid-forming battery storage is under construction, with Las Salinas achieving first grid synchronization. Three projects are expected to enter commercial operation in 2027 and Finis Terrae in 2028, supporting renewable integration and system stability.
Capital investment increased sharply: Enel Chile invested $492 million in the first nine months, double the prior-year level, with most spending directed to BESS projects and distribution-network modernization. The company maintains liquidity of $1.02 billion, including cash and committed credit lines, while gross debt declined 1% from year-end.
Several earnings and regulatory uncertainties remain: Third-quarter EBITDA was broadly flat as lower gas-margin contributions, energy resettlements, and high spot purchases offset grid-related gains. Gas supply beyond the firm Argentina contract ending in April 2027 remains under evaluation, while compensation frameworks for inertia and grid-forming services have not yet been established.

Enel Chile Stock Performance

Shares of ENIC stock traded down $0.03 during mid-day trading on Thursday, hitting $4.24. 596,473 shares of the stock traded hands, compared to its average volume of 512,236. Enel Chile has a twelve month low of $3.64 and a twelve month high of $4.74. The company’s 50-day simple moving average is $4.37 and its 200-day simple moving average is $4.33. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 10.14 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several research firms have commented on ENIC. Itau BBA Securities cut shares of Enel Chile to a “market perform” rating in a research note on Friday, July 10th. Bank of America began coverage on shares of Enel Chile in a research report on Thursday, October 15th. They set a “neutral” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Enel Chile in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.65.

Check Out Our Latest Report on Enel Chile

Enel Chile Company Profile

(Get Free Report)

Enel Chile SA is a Chilean electricity company and part of the global Enel Group. The company operates across the power sector, with activities that include electricity generation, distribution and the development of renewable-energy projects.

Through its generation businesses, including Enel Generación Chile and Enel Green Power Chile, Enel Chile produces electricity from a diversified mix of sources such as hydropower, solar, wind and thermal generation. Its renewable-energy operations support the development and operation of utility-scale clean-energy facilities in Chile.

Enel Chile also provides electricity distribution services through Enel Distribución Chile, serving residential, commercial and industrial customers in the Santiago metropolitan area and surrounding locations.