Earnings release
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eNGie ENGIE ENERGÍA CHILE REPORTED EBITDA OF US $ 66 MILLION AND NET LOSSES OF US $ 18 MILLION IN THE FIRST QUARTER OF 2021 . EBITDA AMOUNTED TO US $ 65.9 MILLION IN THE FIRST QUARTER OF 2021 , A 33 % DECREASE COMPARED TO THE FIRST QUARTER OF 2020. THE EBITDA DECREASE IS PRIMARILY EXPLAINED BY AN INCREASE IN SPOT ELECTRICITY PRICES DUE TO LOWER HIDROLOGY , LESS AVAILABILITY OF GAS AND UNVAILABILTY OF EFFICIENT THERMAL PLANTS IN THE SYSTEM . ● Operating revenues amounted to US $ 332 million in the first quarter of 2021 , a 1 % decrease compared to the first quarter of 2020 , mainly due to lower average realized energy prices and a decrease in physical sales volume due to COVID 19 and the end of the Zaldivar contract in July 2020 . EBITDA amounted to US $ 65.9 million in the first quarter , a 33 % decrease compared to the first quarter of 2020 , mainly due to increase in average energy supply costs and higher spot prices . In the first quarter of 2021 , the company reported net losses of US $ 18 million , a significant decrease compared to the net income figure reported in the first quarter of 2020. This was basically due to the decrease in operating results and the financial expenses related to the sale of accounts receivable from distribution companies resulting from the application of the temporary price stabilization mechanism to regulated clients pursuant to Law # 21,185 dated November 2019 ( “ PEC ” ) . Financial Highlights ( in US $ millions ) Total operating revenues Operating income EBITDA EBITDA margin Total non - operating results Net income after tax Net income attributed to controlling shareholders Earnings per share ( US $ / share ) Total energy sales ( GWh ) Total net generation ( GWh ) Energy purchases on the spot market ( GWh ) Energy purchases - back up ( GWh ) 1Q20 335.3 56.8 99.1 29.6 % ( 25.6 ) 25.6 April 28 , 2021 25.6 0.024 2,957 1,779 1,063 125 1Q21 Var % 332.3 -1 % 20.7 -63 % 65.9 -33 % 19.8 % 0,1pp % ( 46.3 ) n.a ( 17.6 ) -169 % -169 % ( 17.6 ) ( 0.017 ) 2,849 -4 % 1,831 3 % 932 -12 % 122 -2 % ENGIE ENERGÍA CHILE S.A. ( “ ECL " ) is engaged in the generation , transmission and supply of electricity and the transportation of natural gas in Chile . ECL is the fourth largest electricity generation company in Chile and one of the largest electricity generation companies in the northern segment of the SEN national grid ( formerly known as SING ) . As of March 31 , 2021 , ECL accounted for 8 % of the SEN's installed capacity . ECL primarily supplies electricity to large mining and industrial customers , and it also supplies electricity to distribution companies throughout Chile . ECL is currently 59.99 % indirectly owned by the French company , ENGIE S.A. The remaining 40.01 % of ECL's shares are publicly traded on the Santiago stock exchange . For more information , please refer to www.engie-energia.cl .