Valia Energía Reports its Third Quarter 2024 Unaudited Financial Results

Mexico City, November 25, 2024 Buffalo Energy Mexico Holdings S.A. de C.V. (“BEMH”, “Valia”, or “the Company”), a leading private energy producer in Mexico and a portfolio company of Actis, announced today its unaudited financial results for the third quarter ended September 30, 2024.

Third Quarter 2024 Highlights

  • YTD Adjusted EBITDA increased 6.4% compared to the first 9-months of 2023
  • The Sistema Interconectado Nacional’s (“SIN”) power demand decreased by 2.8% YoY
    • The decline was driven by a shift in the hottest months from Q3 in 2023 to Q2 this year
  • LMPs averaged $46.93 per MWh in Q3 2024, down from $71.30 per MWh recorded in Q3 2024
  • Valia’s fleet achieved a Pro Forma (excluding RB III) YTD availability of 95%; Sunrise reached 94%
    • RB III’s outage in one of its two-unit generators continued through Q3 2024
  • YTD Adjusted Gross Profit decreased 1.4% compared to 2023, reaching $232 million
    • The Sunrise portfolio contributed 51% and Sunset the remaining 49%
  • Pro forma DSCR stood at 1.43x

 

Conference Call Details

Date: Tuesday, November 26, 2024

Time: 10:00 a.m. Mexico City Time (11:00 a.m. Eastern Time)

Presented by:  

  • CEO- Narcís de Carreras 
  • CFO – Fernando Suárez
  • IRO – Mauricio Azoños 
Dial In: 
  • Mexico: +52 558 659 6002
  • New York: +1 646 558 8656
 
 
Miranda Newswire – Full Press Release: Download PDF

 

Investor Relations Contact:

Mauricio Azoños Beverido

mazonos@valiaenergia.com

Bruno Espejel Del Valle

bespejel@valiaenergia.com

Investors

investors@valiaenergia.com

 
About Valia Energía
Valia Energía is a portfolio company of Actis, a leading global investor in sustainable infrastructure. In July 2023, Valia Energía completed the acquisition of EVM Energía which consolidated its position as one of the leading independent power generators in Mexico, operating a total of 3.2 GW through seven natural gas-fired generation plants in Tamaulipas, Coahuila and the State of Mexico. For more information, please visit our website: www.valiaenergia.com

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