CFE’s net income falls 43.3% by half of 2026

The Federal Electricity Commission (CFE) reported a 43.3% drop in its net income during the second quarter of the year, primarily due to lower gains from exchange rate fluctuations on its financial obligations denominated in foreign currency.

According to the financial report of the Mexican Stock Exchange (BMV), the state-owned utility posted a net profit of US$2.7 billion between April and June, compared to the US$4.9 billion recorded in the same period of 2025.

This performance contrasted with the improvement seen in its operating indicators, which reflected a reduction in costs associated with natural gas.

The CFE explained that the main factor behind the decline in its profits was the reduced favorable impact of exchange rate fluctuations.

The reduction in this financial income had a direct impact on net income, even though business operations showed positive growth during the period.

The company attributed this change primarily to the decline in average natural gas prices; the company uses this fuel not only for electricity generation but also sells it to industrial customers and private power generation companies.