Enel Chile S.A

What it is

Enel Chile makes electricity and delivers it to homes and businesses, mostly around Santiago. It is the local arm of Enel, the Italian power group.

The company was formerly known as Enersis Chile and changed its name to Enel Chile in October 2016; it was incorporated in 2016 and is based in Santiago. Its work splits into two parts: making power and running the wires that carry it.

The business leans heavily on clean energy. It generates and sells energy from renewable sources, including wind, hydroelectric, solar photovoltaic, and geothermal power, as well as battery storage.

Who owns it

One owner is firmly in charge: the Italian parent. Enel SpA raised its stake to 64.93% of Enel Chile’s share capital.

So roughly a third of the shares trade freely. The second-largest shareholder holds about 3.6% of shares, and the third about 1.7% — meaning no other investor comes close to the parent.

This is not an old family firm or a state company. No founding families and no government or state entity hold more than 5% of the company.

Who runs it

The top job changed hands in mid-2025. The board appointed Gianluca Palumbo as the new CEO, who had been Global Manager of Construction, Operation, and Maintenance at Enel Grids.

The previous CEO, Giuseppe Turchiarelli, resigned effective July 1 to take a new Enel Group role; he had led Enel Chile since 2024 after four and a half years as its CFO. He moved up to run Enel Américas, the group’s wider regional company.

The chairman is a Chilean engineer. Marcelo Castillo Agurto became chairman of Enel Chile’s board, replacing lawyer Herman Chadwick, who left after eight years.

The money, in plain words

Sales grew solidly last year. Revenue reached US$4.51 billion in 2025, up from US$4.14 billion in 2024 — a rise of about 9% (our calculation).

Profit jumped far more. Net profit rose from US$153.8 million in 2024 to US$537.6 million in 2025, more than tripling (our calculation) — though it is still below the US$754 million of 2023, so the recovery is real but not yet complete.

The company keeps about 12 cents of profit per dollar of sales — a net margin of 11.9% (our calculation) — and earns about 10 dollars a year per 100 owners put in, a return on equity of 10.2%.

On debt, owners hold US$5.18 billion of equity against US$461.9 million of cash, so this is a utility that carries real borrowings, normal for a company that builds power plants and wires.

What it is doing now

The defining story is a regulatory fight. The Chilean government moved to terminate the concession to supply electricity to Enel’s local unit, after a storm left thousands around Santiago without power.

That fight has now been settled in the company’s favour. On 1 May 2026, Enel Distribución said it was fully satisfied with the Ministry of Energy’s decision not to proceed with the concession revocation process.

Meanwhile the company keeps spending on cleaner power. Its 2025–2027 investment plan is US$1.8 billion, with 32% for renewable energy and 27% for battery storage.

What to watch

• Fines and trust: a regulator sanction tied to the lack of maintenance behind the August blackout, plus a technical-legal study of the company’s compliance that could take 6 to 18 months.
• Profit direction: whether 2025’s rebound holds and climbs back toward the 2023 level.
• The dividend: current data shows no yield, so investors will look for a return to cash payouts as profit recovers.
• Weather and the grid: extreme storms remain the single biggest threat to a company judged on keeping the lights on.

This is news, not investment advice.