EDENOR Form 6-K Summary: Three Months Ended March 31, 2019
Business Context and Reporting Period
This Form 6-K filing by Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR) reports the approval of Condensed Interim Financial Statements for the three-month period ended March 31, 2019. The filing was submitted to the SEC on May 15, 2019, following a Board of Directors meeting on May 9, 2019. All financial figures are presented in thousands of Argentine pesos.
Key Financial Metrics
| Metric | Value (Thousands of ARS) |
|---|---|
| Profit for the period | 131,498 |
| Profit attributable to shareholders of the parent | 131,498 |
| Profit attributable to non-controlling interests | 0 |
| Total Comprehensive Income | 131,498 |
| Total Equity | 2,381,061 |
| Total Equity attributable to owners of the Company | 34,386,968 |
Note: The filing text does not provide specific values for revenue, operating cash flow, debt levels, or liquidity ratios for this period.
Material Changes and Share Structure
The filing details the company's equity structure as of March 31, 2019:
- Share Capital: 906,455,100 total shares.
- Class A Shares: 462,292,111 shares (51.00%), owned by Pampa Energía S.A.
- Class B Shares: 442,210,385 shares (48.78%), listed on the NYSE (via ADSs) and Buenos Aires Stock Exchange.
- Class C Shares: 1,952,604 shares (0.22%), held by Banco de la Nación Argentina as trustee for the Employee Stock Ownership Program.
- Treasury Shares: 29,327,267 shares held as of March 31, 2019.
The filing does not provide comparative financial data for the prior period to assess material changes in performance.
Guidance, Risks, and Contingencies
The filing does not contain management commentary, forward-looking guidance, or specific risk factors for the period. It confirms that the company has no debt securities convertible into shares and no outstanding stock options.
Investor Verification Checklist
- Verify the exchange rate used to convert Argentine pesos to USD for international comparison, as the filing is in local currency.
- Confirm the full revenue and cash flow figures, which are not explicitly stated in this summary filing.
- Review the full Condensed Interim Financial Statements referenced in the filing for detailed debt and liquidity metrics.
- Monitor the ownership structure, specifically the 51% stake held by Pampa Energía S.A.