A 66-year-old utility that grew from a state-run monopoly into a private-sector cash generator. It delivers power to over 2.5 million customers across Maranhão – and it keeps a fatter slice of each sale than most distributors ever manage. Full nameEquatorial Maranhão Distribuidora de Energia S.A. Tickers / exchangeEQMA3B / B3 (São Paulo) HeadquartersSão Luís, Maranhão, Brazil SectorUtilities – Regulated Electric EmployeesNot disclosed in available sources Market valueR$4.93 billion (US$964 million) Yearly salesR$6.98 billion (US$1.37 billion) Net profitR$752 million (US$147 million) Net margin10.8% (our calculation) Return on equity19.8% Price-to-earnings5.6 Dividend …
Equatorial Maranhão Distribuidora de Energia S.A.
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June 21, 2026
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4 min read
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