The Comisión Federal de Electricidad (CFE) reported accumulated operating profit of 90,511 million pesos at the close of the third quarter of 2026, equivalent to an operating margin of 17.5%, according to its financial report. EBITDA for the state-owned company totaled 164,128 million pesos, with a margin of 31.7%.

According to Energía Hoy, this is the sixth consecutive quarter in which CFE has exceeded a 30% EBITDA margin. The company attributed the result to a 3.4% rise in the volume of energy sold and a 6.3% reduction in energy and fuel costs; total costs, by contrast, grew 1.3% on labor obligations and benefits. For millions of Mexican households, CFE's financial position matters because it is the company that provides electricity service across much of the country and whose numbers underpin the projects in its 2026-2030 Development Program. The company operates most of the country's national electricity transmission and distribution grid. El Economista reported on November 3 that operating profit for the standalone quarter was around 18,000 million pesos, after a foreign exchange loss of 20,000 million from the appreciation of the peso, an accounting effect.

As of September 30, CFE's cash and equivalents reached 190,229 million pesos, 30% more than at the close of 2025, and current assets grew 21.6%, to 315,191 million. Short-term debt fell 4.3%, to 79,288 million, and leverage moved from 58.6% to 52.2% over one year. Interest expenses decreased 6.8% and other net financial expenses fell 27.5%. Accumulated net profit was 24,313 million pesos, lower than in the same period of 2025 due to a smaller foreign exchange gain on the valuation of foreign-currency obligations, an accounting effect, according to Reporte Índigo.

CFE maintained that these results support its capacity to meet obligations and finance the projects in its development program. Fourth-quarter performance, which will close out fiscal year 2026, will be the next data point to watch for the national electricity sector.

This article was drafted with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.