Bulletin: Enel Chile's Third-Quarter Results Support Rising EBITDA And Lower Leverage - S&P Global Ratings’ Credit Research

Bulletin: Enel Chile's Third-Quarter Results Support Rising EBITDA And Lower Leverage

Bulletin: Enel Chile's Third-Quarter Results Support Rising EBITDA And Lower Leverage - S&P Global Ratings’ Credit Research
Bulletin: Enel Chile's Third-Quarter Results Support Rising EBITDA And Lower Leverage
Published Nov 03, 2023
2 pages (1104 words) — Published Nov 03, 2023
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About This Report

  
Abstract:

This report does not constitute a rating action. SAO PAULO (S&P Global Ratings) Nov. 3, 2023--S&P Global Ratings said today that it's maintaining its 2023 EBITDA estimate for Chilean electric utility Enel Chile S.A. (BBB/Stable/--) at $1.0 billion-$1.2 billion. The company has reported EBITDA of $783 million for the first nine months of the year. The results show 55% year-over-year growth due to higher sales in the generation business and a more efficient generation mix due to better hydrology. From 2024 onward, we expect EBITDA to improve to $1.2 billion-$1.3 billion, considering the start of operations of several of the company's renewable projects currently under development along with lower spot prices. On Oct. 24, 2023, Enel Chile received $556 million

  
Brief Excerpt:

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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 Third-Quarter Results Support Rising EBITDA And Lower Leverage" Nov 03, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Enel-Chile-s-Third-Quarter-Results-Support-Rising-EBITDA-And-Lower-Leverage-3083684>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Enel Chile's Third-Quarter Results Support Rising EBITDA And Lower Leverage Nov 03, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Enel-Chile-s-Third-Quarter-Results-Support-Rising-EBITDA-And-Lower-Leverage-3083684>
  
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