Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Posts Quarterly Earnings Results

Key Points

• Petrobras exceeded quarterly expectations: EPS was $1.72 versus the $1.40 consensus, while revenue reached $33.61 billion compared with estimates of $31.46 billion. Net profit nearly doubled year over year, supported by stronger oil and fuel prices, higher production and operational efficiency.
• The company declared a $0.1426 special dividend, payable August 27 to shareholders of record June 3. Management also said Petrobras is likely to exceed its 2026 oil-production forecast after achieving record quarterly production.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $19.28, although some earnings gains may reflect a potentially temporary, geopolitically driven oil-price rally.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) issued its earnings results on Thursday. The oil and gas exploration company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.32, Zacks reports. The firm had revenue of $33.61 billion for the quarter, compared to analyst estimates of $31.46 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 31.82% and a net margin of 24.52%.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR traded down $0.54 during trading on Friday, reaching $17.98. The stock had a trading volume of 28,482,939 shares, compared to its average volume of 14,216,550. The stock has a market cap of $115.84 billion, a PE ratio of 4.54, a PEG ratio of 0.75 and a beta of 0.33. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24. The business has a 50-day moving average of $17.66 and a 200-day moving average of $18.16.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, August 27th. Stockholders of record on Wednesday, June 3rd will be issued a $0.1426 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio is presently 11.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. cut their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Wednesday, June 3rd. Finally, Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $18.70 to $24.80 in a research note on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has an average rating of "Moderate Buy" and an average target price of $19.28.

Key Petroleo Brasileiro S.A.- Petrobras News

Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:

• Positive Sentiment: Petrobras reported second-quarter earnings of $1.72 per share, exceeding the $1.40 analyst consensus, while revenue of $33.61 billion also surpassed expectations of $31.46 billion. Net profit nearly doubled year over year, rising 96.8%, supported by stronger crude, gasoline and diesel prices. Petrobras' net profit nearly doubles in the second quarter
• Positive Sentiment: Management highlighted historic quarterly net income and record gross profit, attributing the performance to operational efficiency, higher production and stronger cash generation. Petrobras Q2 2026 Earnings Call Highlights
• Positive Sentiment: CEO Magda Chambriard said Petrobras will “very likely” exceed its 2026 oil-production forecast, following record production in the quarter. Higher output could support revenue, cash flow and dividend capacity. Petrobras likely to exceed oil production forecast for the year
• Neutral Sentiment: The earnings call and presentation emphasized execution and production performance, but investors will likely seek more detail on the durability of profits, capital allocation and operating plans. Petrobras Q2 2026 Earnings Call Transcript
• Negative Sentiment: A significant portion of the earnings improvement was linked to an oil-price rally caused by supply disruptions connected to the U.S.-Iran conflict. Investors may view those gains as geopolitical and potentially short-lived, limiting enthusiasm for the stock despite the earnings beat. Petrobras Profit Tops Estimates on Iran War-Driven Oil Rally

Hedge Funds Weigh In On Petroleo Brasileiro S.A.- Petrobras

A number of hedge funds and other institutional investors have recently modified their holdings of PBR. PCM Encore LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at about $237,000. Empowered Funds LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 39.5% during the 4th quarter. Empowered Funds LLC now owns 17,079 shares of the oil and gas exploration company's stock valued at $202,000 after purchasing an additional 4,839 shares during the period. Abel Hall LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 32.3% during the 3rd quarter. Abel Hall LLC now owns 20,500 shares of the oil and gas exploration company's stock valued at $260,000 after purchasing an additional 5,000 shares during the period. Brevan Howard Capital Management LP bought a new position in Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter valued at approximately $204,000. Finally, EP Wealth Advisors LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at approximately $225,000.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil's energy sector and is a listed public company with global capital market presence.

Petrobras's core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil's coast.

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