Petrobras Delivers Record First-Half 2026: Net Income Climbs 55% to $16.6B, Leverage Drops to 1.14x
PBR sits 66% above its 52-week low of $11.43.
Summary
Petrobras posted first-half 2026 net income of US$16.6 billion, up 55% year-over-year, with adjusted EBITDA up 52% and leverage improving to 1.14x net debt-to-EBITDA.
Key Events · Earnings and Guidance · PBR
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Record First-Half Net Income
Net income attributable to shareholders reached US$16,627 million for Jan-Jun/2026, up 55.3% from US$10,708 million in the prior-year period.
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Adjusted EBITDA Up 52%
Adjusted EBITDA was US$29,964 million, a 52.2% increase from US$19,688 million, driven by higher Brent prices (US$92.57/bbl vs US$71.74/bbl) and record production.
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Leverage Improves to 1.14x
Net Debt/LTM Adjusted EBITDA ratio fell to 1.14x as of June 30, 2026, from 1.42x at year-end 2025, reflecting stronger cash generation and debt reduction.
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Free Cash Flow of $11.5B
Free cash flow was US$11,514 million for the first half, up 44.3% from US$7,981 million, supporting shareholder returns and debt prepayments.
Analysis · PBR · Energy & Transportation
First-half 2026 net income reached US$16.6 billion, a 55% jump from the prior year, propelled by higher Brent prices and record production. Adjusted EBITDA surged 52% to US$30 billion, while free cash flow hit US$11.5 billion. The balance sheet also strengthened: net debt edged down to US$60.4 billion, and the net debt-to-EBITDA ratio improved to 1.14x from 1.42x at year-end. This filing confirms the strong operational momentum already signaled in the Q2 release, adding the full six-month consolidated view and key leverage metrics.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 37.9% of the 895 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PBR was trading at $19.03 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $113.2B. The 52-week trading range was $11.43 to $22.24. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.