Quarterly ResultAug 7, 2026, 10:43 AM
Petrobras 2Q26 Adjusted EBITDA $20B; Net Income $11.1B
AI Summary
Petrobras reported strong financial results for the second quarter of 2026, driven by record operational performance and higher Brent prices. The company achieved an Adjusted EBITDA of US$ 20.0 billion and Net Income of US$ 11.1 billion, both excluding one-off events. Operating cash flow was US$ 12.3 billion, and free cash flow reached US$ 7.7 billion. Total production increased by 3.4%, and refining utilization hit a record 101.2%. Net debt decreased to US$ 60.4 billion, and the company approved R$ 17.4 billion in shareholder remuneration.
Key Highlights
- Adjusted EBITDA (excluding one-off events) reached US$ 20.0 billion in 2Q26.
- Net Income (excluding one-off events) was US$ 11.1 billion in 2Q26.
- Operating Cash Flow stood at US$ 12.3 billion, with Free Cash Flow of US$ 7.7 billion.
- Total production increased by 3.4% in 2Q26, with refining utilization at a record 101.2%.
- Net debt decreased by 2.7% to US$ 60.4 billion as of June 30, 2026.
- Approved R$ 17.4 billion in shareholder remuneration for 2Q26.
- Total Capex for 2Q26 was US$ 5.3 billion, up 3.8% from 1Q26.
Price Impact
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