Cox Energy América (COXA) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was $1,882.3 million, a 23.8% decrease year-over-year.

• Net loss reached $290.0 million, compared to a net profit of $9.5 million in Q1 2025.

• Administrative expenses rose 14% to $293.6 million, and financial expenses increased 65.3% to $206.8 million.

• The company completed the acquisition of Iberdrola México in April 2026, marking a major expansion.

Financial highlights

• Gross profit was $657.1 million, down 1.8% year-over-year.

• EBITDA fell 36% to $157.6 million, and EBIT turned negative at -$34.7 million.

• Deterioration and amortization expenses increased 68.1% to $192.3 million.

• Cash and equivalents at quarter-end were $1,258.6 million, down 4.8% from December 2025.

• Total assets grew 1% to $15,150.0 million, while equity decreased 4.3% to $4,138.8 million.

Outlook and guidance

• Management remains focused on growth through geographic diversification and renewable energy projects.

• The company expects to leverage its expanded portfolio and recent acquisitions for future growth.

• No dividend payments were made or planned for the period.