SOUTHEAST AIRPORT GROUP Reports 20% Drop in Q1 Net Income and EPS, EBITDA Down 6.5%
ASR is trading near its 52-week low of $286.155 (13% above the low).
Summary
SOUTHEAST AIRPORT GROUP announced its first-quarter 2026 results, reporting a 19.6% decrease in net income and a 20.0% decline in earnings per share, alongside a 6.5% drop in consolidated EBITDA.
Key Events · Earnings and Guidance · ASR
-
Significant Profitability Decline
Net income decreased by 19.6% and earnings per share fell by 20.0% year-over-year for the first quarter of 2026.
-
EBITDA Contraction
Consolidated EBITDA declined by 6.5% to Ps.5,353.6 million compared to the prior year's quarter.
-
Shift to Net Debt
The company's financial position shifted from a net cash position to a net debt to LTM EBITDA ratio of 0.8x.
-
Mixed Passenger Traffic Growth
Total passenger traffic increased by 1.9% year-over-year, driven by an 11.0% increase in Colombia, while Mexico remained flat and Puerto Rico decreased by 2.2%.
Analysis · ASR · Energy & Transportation
The company's first-quarter performance indicates a continued decline in profitability, following the negative trends reported in its recent 2025 annual filing. Despite a slight increase in overall passenger traffic, the significant drop in net income and earnings per share, coupled with a decrease in EBITDA and a shift from a net cash to a net debt position, signals ongoing operational challenges. Investors should monitor future reports for signs of stabilization or recovery in profitability and debt management.
At the time of this filing, ASR was trading at $324.57 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $9.8B. The 52-week trading range was $286.16 to $381.52. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.