Equatorial Energia (OTC: EQUEY)

$7.51+0.00%today

Brazilian ADR trading on the OTC, priced in US dollars.

Display currency

Market Cap, EPS and the financial totals below — switch between US dollars and BRL.

Market Cap: $8.41B
P/E (TTM): 68.3x
P/B: 1.9x
EPS (TTM): $0.11
Dividend Yield: 5.79%
52-Week Range: $6.30 – $9.59
Volume: 1
Previous Close: $7.51

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

+0.00%

1 Week

+0.00%

1 Month

-0.40%

YTD

+6.83%

1 Year

+15.01%

5 Years

+68.01%

About Equatorial Energia

US Ticker: EQUEY
B3 Ticker: EQTL3
Exchange: OTC
Currency: USD
Sector: Utilities
Industry: Utilities - Regulated Electric
Headquarters: São Luís, MA, Brazil
Employees: 11,571
CEO: Mr. Augusto Miranda da Paz Junior
Founded: 1958

Equatorial S.A., through its subsidiaries, engages in the generation, distribution, and commercialization of energy in Brazil.

The company is also involved in sanitation activities, such as water supply and sewage services; sewer connections, water meter installation, water connections, and reconnections; and construction related to works or improvements.

In addition, it provides telephone service and internet telecommunications integration.

The company was formerly known as Equatorial Energia S.A. and changed its name to Equatorial S.A. in August 2024.

Equatorial S.A. was founded in 1958 and is headquartered in São Luís, Brazil.

www.equatorialenergia.com.br

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Equatorial Energia's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Stretched

Net Margin: 3.1%
ROE: 6.0%
Rev Growth (YoY): +1.81%
Net Debt / EBITDA: 4.89×
Current Ratio: 1.56×
Interest Coverage: 1.47×
Free Cash Flow: —
Payout Ratio: 368.8%

Income — Margins & Efficiency

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022
Revenue	$9,656,333,192	+7.4%	$8,994,032,541	+33.7%	$6,727,709,092	-17.4%	$8,141,172,941	+64.1%	$4,961,107,179
Gross profit	$2,045,265,945	+3.8%	$1,969,718,600	+30.3%	$1,511,861,150	-31.1%	$2,194,501,670	+51.6%	$1,447,930,023
Operating income	$1,983,055,192	+0.3%	$1,976,845,805	+61.3%	$1,225,836,935	-27.7%	$1,694,930,106	+64.5%	$1,030,384,135
EBITDA	$2,020,057,387	+4.7%	$1,929,949,600	+25.2%	$1,541,219,508	-23.1%	$2,004,117,356	+47.6%	$1,357,489,119
Net profit	$297,844,901	-2.8%	$306,481,137	-32.7%	$455,118,244	+6.4%	$427,939,673	+64.6%	$259,989,025
Gross margin	21.2%	-0.7 p.p.	21.9%	-0.6 p.p.	22.5%	-4.5 p.p.	27.0%	-2.2 p.p.	29.2%
Operating margin	20.5%	-1.4 p.p.	22.0%	+3.8 p.p.	18.2%	-2.6 p.p.	20.8%	+0.0 p.p.	20.8%
EBITDA margin	20.9%	-0.5 p.p.	21.5%	-1.5 p.p.	22.9%	-1.7 p.p.	24.6%	-2.7 p.p.	27.4%
Net margin	3.1%	-0.3 p.p.	3.4%	-3.4 p.p.	6.8%	+1.5 p.p.	5.3%	+0.0 p.p.	5.2%
Revenue growth (YoY)	1.8%	-16.7 p.p.	18.5%	+13.2 p.p.	5.3%	-45.4 p.p.	50.6%	—	—
Effective tax rate	17.0%	-0.1 p.p.	17.2%	+22.9 p.p.	-5.7%	-10.9 p.p.	5.2%	-23.4 p.p.	28.6%
Interest coverage	1.47×	-1.4%	1.49×	-11.2%	1.68×	-2.0%	1.72×	-13.2%	1.98×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022
Net debt	$9,873,559,737	+4.2%	$9,479,578,540	+11.3%	$8,518,196,960	-1.5%	$8,647,933,281	+19.8%	$7,216,636,642
Net Debt / Equity	2.00×	-1.0%	2.02×	+0.0%	2.02×	+1.3%	1.99×	-13.4%	2.30×
Net Debt / EBITDA	4.89×	-0.5%	4.91×	-11.1%	5.53×	+28.1%	4.32×	-18.8%	5.32×
Debt / Equity	2.22×	+4.6%	2.12×	-1.1%	2.14×	-3.0%	2.21×	-11.2%	2.49×
Current ratio	1.56×	+4.2%	1.49×	+2.7%	1.46×	-5.5%	1.54×	+56.9%	0.98×
Return on equity (ROE)	6.0%	-0.5 p.p.	6.5%	-4.2 p.p.	10.8%	+0.9 p.p.	9.8%	+1.6 p.p.	8.3%
Return on assets (ROA)	1.4%	-0.1 p.p.	1.5%	-0.9 p.p.	2.4%	+0.4 p.p.	2.0%	+0.5 p.p.	1.5%
Book value / share	$3.93	+5.3%	$3.74	+10.3%	$3.39	-10.0%	$3.77	+32.8%	$2.84

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Equatorial Energia trades on 2 exchanges. Prices on this page are the OTC ADR (EQUEY).

Exchange	Ticker	Currency
OTCpriced here	EQUEY	USD
B3 (São Paulo)	EQTL3	BRL

Frequently Asked Questions

Why hold Equatorial Energia EQUEY ADR instead of local B3 EQTL3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Equatorial Energia listed?

Equatorial Energia trades on 2 exchanges. The line quoted on this page is OTC in the United States (EQUEY, US dollars). It also trades on B3 (São Paulo) in Brazil (EQTL3, Brazilian reais).

On how many exchanges does Equatorial Energia trade?

2. OTC — EQUEY (USD) · B3 (São Paulo) — EQTL3 (BRL). Prices shown on this page are the OTC line, EQUEY.

What is Equatorial Energia's primary listing?

Equatorial Energia's primary listing is on the B3 in Brazil, where the shares trade as EQTL3 in reais — the company's home market. The OTC line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.

What is the difference between EQUEY and EQTL3?

They are the same company and, economically, the same asset. EQTL3 is the original Brazilian share, listed on the B3 and quoted in reais. EQUEY is an American Depositary Receipt over that share, listed on the OTC and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The EQUEY price therefore tracks two things: EQTL3 in reais, and the USD/BRL exchange rate.

How can I buy Equatorial Energia stock in the United States?

Equatorial Energia is listed on the OTC under EQUEY, priced in US dollars. Any US brokerage offering over-the-counter securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 14, 2026

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