FN2 Earnings Intelligence

Petróleo Brasileiro S.A. - Petrobras earnings overview

Latest Petróleo Brasileiro S.A. - Petrobras (PBR) earnings intelligence, including the newest scorecard, market reaction, and transcript analysis.

Next reportPetróleo Brasileiro S.A. - Petrobras reports Tuesday, Nov 10, 2026 · After market closeConsensus EPS $1.21 · consensus revenue $31.59B
PBR FY2026 Q2 · Calendar Q3 2026

Petróleo Brasileiro S.A. - Petrobras

Petrobras's Q2 showed strong operating execution: above-target production, record refinery utilization, high cash flow and debt reduction. The central test for the next period is whether platform ramp-ups and exploration can offset pre-salt decline while preserving capital discipline.

EPS surprise+6.6%
Market move-3.0%
PBR FY2025 Q4 · Calendar Q1 2026

Petróleo Brasileiro S.A. - Petrobras

The supplied analysis supports a constructive operating thesis: production expansion, pre-salt assets, export diversification, and renewable-fuel projects can support growth, while capital discipline and cash generation provide resilience. The thesis remains conditional on oil prices, platform execution, and disciplined allocation.

EPS surprise+26.3%
Market move+5.2%
PBR FY2025 Q2 · Calendar Q3 2025

Petróleo Brasileiro S.A. - Petrobras

The latest analysis supports a resilient operating picture for Petrobras: production growth and project execution are helping offset lower oil prices. The thesis depends on sustaining the ramp-up while controlling CapEx, debt, shutdown impacts, and regulatory execution.

EPS surprise-8.6%
Market move-7.3%
PBR FY2025 Q1 · Calendar Q2 2025

Petróleo Brasileiro S.A. - Petrobras

Petrobras's Q1 analysis supports a resilience case: management cited strong cash flow, higher production, new pre-salt reserves, and maintained capital plans despite lower oil prices. The case remains dependent on oil prices, leverage control, refinery execution, and the sustainability of dividends under weaker cash flow.

EPS surprise—
Market move+2.3%
PBR FY2024 Q3 · Calendar Q4 2024

Petróleo Brasileiro S.A. - Petrobras

The supplied analysis supports a constructive but conditional view: higher production, strong cash generation, and lower debt provide a foundation for growth, while the thesis depends on disciplined capex execution, project delivery, licensing progress, and resilient oil economics.

EPS surprise+17.7%
Market move+1.5%

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