Engie Brasil Energia S.A. reported consolidated earnings and operating results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported net revenue from sales of BRL 1,654,738,000 compared to BRL 1,602,820,000 a year ago. Operating loss was BRL 42,069,000 compared to BRL 43,782,000 a year ago. Income before financial result and taxes was BRL 546,655,000 compared to BRL 648,720,000 a year ago. Income before taxes was BRL 496,197,000 compared to BRL 583,260,000 a year ago. Net income for the period was BRL 358,047,000 or BRL 0.5485 per share compared to BRL 396,883,000 or BRL 0.6080 per share a year ago. This decrease is the result of factors: reduction of BRL 96.3 million in EBITDA; positive impact of BRL 15.0 million in financial result; increase of BRL 6.1 million in depreciation and amortization; decrease of BRL 48.2 million in income tax and social contribution; and positive equity income result of BRL 0.3 million. Net cash from operating activities was BRL 550,566,000 compared to BRL 814,701,000 a year ago. Used in fixed assets and intangibles was BRL 473,686,000 compared to BRL 336,554,000 a year ago. EBITDA for the period was BRL 710.8 million, a decline of 11.9% (BRL 96.3 million) compared with third quarter of 2016. Return on equity was 27.1% compared to 25.4% a year ago.

For the nine months, the company reported net revenue from sales of BRL 4,942,593,000 compared to BRL 4,776,162,000 a year ago. Operating loss was BRL 131,858,000 compared to BRL 143,974,000 a year ago. Income before financial result and taxes was BRL 1,969,699,000 compared to BRL 1,881,097,000 a year ago. Income before taxes was BRL 1,840,771,000 compared to BRL 1,570,629,000 a year ago. Net income for the period was BRL 652,742,192,000 or BRL 1.9914 per share compared to BRL 652,742,192,000 or BRL 1.6434 per share a year ago. Net cash from operating activities was BRL 2,001,169,000 compared to BRL 1,831,557,000 a year ago. Used in fixed assets and intangibles was BRL 1,382,987,000 compared to BRL 738,314,000 a year ago. EBITDA was BRL 2,451.8 million compared to BRL 2,351.5 million a year ago. Net debt was BRL 1,464.0 million compared to BRL 765.0 million a year ago.

For the quarter, the company reported average gross power production of 4,076 MW compared to 5,104 MW a year ago. Average energy sold was 4,008 MW compared to 3,933 MW a year ago.

For the nine months, the company reported average gross power production of 4,134 MW compared to 5,172 MW a year ago. Average energy sold was 4,033 MW compared to 3,960 MW a year ago.