Petróleo Brasileiro S.A. - Petrobras · PBR-A · Next earnings

Petróleo Brasileiro S.A. - Petrobras reports Tuesday, Nov 10, 2026

PBR-A reports after market close with consensus EPS at $1.32 and revenue at $33.09B. Last quarter: Petrobras: Record Q2 Profit, Higher Production and Capex

Reports After market close5 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $1.32 Calendar consensus
Consensus revenue $33.09B Calendar consensus
Report date Nov 10, 2026 Tuesday, date estimated
Session After market close 5 days away

Where PBR-A left off: FY2026 Q2

Full report

Petrobras: Record Q2 Profit, Higher Production and Capex

EPS surprise +13.3% Reported $1.62 vs $1.43
Revenue surprise +6.7% Reported $33.61B vs $31.48B
Stock move — Event window
Subsequent drift — Up to 20 sessions

Management maintained its 2026–2030 guidance while increasing Q2 capex to $5.3 billion and emphasizing high-return E&P projects.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Downtime at newly installed mega-platforms and weather-related delays.
  • Execution risk around the P-180, P-182 and P-183 ramp-up schedule.
  • Higher logistics and freight costs combined with FX volatility.
  • Regulatory uncertainty around diesel pricing, gas-market reforms and lease amendments.
  • Debt remains high relative to peers.

Questions analysts left open

  • Whether the reduced production-decline rate is sustainable.
  • Timing and feasibility of bringing P-180 forward to Q1 2027.
  • Diesel-import strategy amid domestic pricing volatility.
  • Potential effects of Braskem’s legal reorganization on Petrobras’ stake.
  • Higher freight, logistics costs and FX fluctuations.

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Recent PBR-A quarters

All PBR-A earnings
—FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.