Bulletin: Enel Chile S.A.'s Mid-2021 Earnings Are In Line With Expectations Despite Ongoing Margin Pressure - S&P Global Ratings’ Credit Research

Bulletin: Enel Chile S.A.'s Mid-2021 Earnings Are In Line With Expectations Despite Ongoing Margin Pressure

Bulletin: Enel Chile S.A.'s Mid-2021 Earnings Are In Line With Expectations Despite Ongoing Margin Pressure - S&P Global Ratings’ Credit Research
Bulletin: Enel Chile S.A.'s Mid-2021 Earnings Are In Line With Expectations Despite Ongoing Margin Pressure
Published Aug 04, 2021
2 pages (1225 words) — Published Aug 04, 2021
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Abstract:

SAO PAULO (S&P Global Ratings) Aug. 4, 2021--S&P Global Ratings said today that it maintains its 2021 EBITDA estimate for Enel Chile S.A. (BBB+/Stable/--) at $1.1 billion - $1.2 billion. This is despite the company's weaker-than-expected results in the first half of the year, mainly due to higher purchases of energy to meet its power purchase agreements. Electricity spot prices rose to $75 per megawatt hour (MWh) in the first half of 2021 from $46 per MWh in the same period of 2020. This was the result of dry conditions in Chile, scarce availability of natural gas coming from Argentina, and higher prices for liquefied natural gas. We expect the company's renewable energy facility of 800 MW - 820 MW

  
Report Type:

Bulletin

Ticker
ENERSICH
Issuer
Enel Chile S.A.
GICS
Electric Utilities (55101010)
Sector
Global Issuers
Country
Chile
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Enel Chile S.A.'s Mid-2021 Earnings Are In Line With Expectations Despite Ongoing Margin Pressure" Aug 04, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Enel-Chile-S-A-s-Mid-2021-Earnings-Are-In-Line-With-Expectations-Despite-Ongoing-Margin-Pressure-2700011>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Enel Chile S.A.'s Mid-2021 Earnings Are In Line With Expectations Despite Ongoing Margin Pressure Aug 04, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Enel-Chile-S-A-s-Mid-2021-Earnings-Are-In-Line-With-Expectations-Despite-Ongoing-Margin-Pressure-2700011>
  
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