CFE posts 48 billion peso profit in Q2 2026, boosted by financial income

Mexico's Federal Electricity Commission (CFE) announced a profit of 48.025 billion pesos for the second quarter of 2026. The state-owned company attributed its financial gains to favorable exchange rates and stable operations. This result contrasts sharply with a loss of 402 million pesos recorded in the first quarter of the same year.

Despite the positive quarterly outcome, CFE's profitability saw a 43% contraction compared to the second quarter of 2025, when it reported earnings of 84.782 billion pesos. The company's accumulated income by the end of the second quarter of 2026 stood at 332.229 billion pesos, a 2% decrease from the previous year, primarily due to reduced revenue from selling fuels to third parties and energy transport services, influenced by fluctuating natural gas prices.

CFE's operating costs also decreased by 17 billion pesos, or 6%, compared to the same period in 2025, largely due to lower average natural gas prices. The company benefited significantly from the exchange rate in the second quarter of 2026, reporting financial income of nearly 14 billion pesos, a substantial improvement from the 31 billion pesos in financial expenses incurred in the first quarter. However, this figure is lower than the 38 billion pesos in financial income recorded in the second quarter of 2025, which largely explains the year-over-year profit reduction.

The company's total debt was 481.488 billion pesos as of June 2026, a slight decrease from 482.963 billion pesos. Notably, CFE capitalized debt for enriched uranium acquisition for the Laguna Verde nuclear power plant. Meanwhile, debt with suppliers increased by 10.6%, rising from 67.362 billion pesos to 74.5 billion pesos.