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

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

PBR reports after market close with consensus EPS at $1.23 and revenue at $33.10B. Last quarter: Petrobras posts record Q2 profit as production and refining improve

Reports After market close5 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $1.23 Calendar consensus
Consensus revenue $33.10B Calendar consensus
Report date Nov 10, 2026 Tuesday, date estimated
Session After market close 5 days away

Where PBR left off: FY2026 Q2

Full report

Petrobras posts record Q2 profit as production and refining improve

EPS surprise +6.6% Reported $1.62 vs $1.52
Revenue surprise +6.8% Reported $33.61B vs $31.46B
Stock move -3.0% Event window
Subsequent drift +12.0% Up to 20 sessions

Maintained; the supplied analysis identifies no change in guidance sentiment.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Production decline rates and offshore platform downtime could pressure output.
  • Logistics, freight and exchange-rate costs may raise operating expenses.
  • Gas pricing and diesel import policy remain regulatory uncertainties.
  • Weather could delay offshore platform sail-away schedules.

Questions analysts left open

  • Whether the current 4% annual pre-salt decline rate is sustainable.
  • The timing and feasibility of ramping P-180 and other new platforms.
  • Diesel import strategy amid volatile global prices.
  • Potential effects of Braskem restructuring on capital allocation.

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Recent PBR quarters

All PBR earnings
-3.0%FY2026 Q2+5.2%FY2025 Q4-7.3%FY2025 Q2+2.3%FY2025 Q1

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.