Auren Energia releases transcript of 2Q26 earnings call

• Auren detailed 2Q26 results on a conference call attended by CEO Fabio Zanfelice, CFO and IR officer Mateus Ferreira.
• 2Q26 EBITDA of R$ 859 million, down 12% year over year, weighed by weaker wind resources, softer trading performance.
• Modulation gains of R$ 71 million in the quarter offset most curtailment; 1H26 net curtailment impact only R$ 16 million.
• Ordinance 140 set terms for curtailment compensation for Sep 2023-Nov 2025; estimated receivable about R$ 300 million.
• Management expects reimbursements mainly in 2H27, potentially extending into 2028 due to regulated-contract payout limits.

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