Ultrapar Delivers 46% Net Income Growth, Record Cash Generation, and R$1.00 Dividend
UGP sits 92% above its 52-week low of $3.06.
Summary
Ultrapar reported 2Q26 net income of R$1,677 million, up 46% YoY, with record operating cash generation of R$4,789 million and leverage at an 18-year low. The board approved a R$1.00 per share interim dividend.
Key Events · Earnings and Guidance · UGP
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Net Income Up 46% YoY
2Q26 net income reached R$1,677 million, up from R$1,151 million in 2Q25, driven by strong operating results across all businesses.
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Record Operating Cash Generation
Operating cash flow hit a record R$4,789 million in 2Q26, reflecting solid performance and working capital release at Ipiranga.
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Leverage at 18-Year Low
Net debt to adjusted LTM EBITDA fell to 0.9x, the lowest since 2008, from 1.5x in 1Q26.
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Interim Dividend Approved
Board approved R$1.00 per share interim dividend, payable from September 3, 2026, with record date August 24, 2026 in Brazil.
Analysis · UGP · Energy & Transportation
A sharp acceleration in profitability marks Ultrapar's 2Q26 results, with net income climbing 46% year-over-year to R$1,677 million and recurring adjusted EBITDA soaring 149% to R$3,657 million. Record operating cash flow of R$4,789 million drove leverage down to 0.9x — the lowest since 2008. The board also approved an interim dividend of R$1.00 per share, payable from September 3, 2026. Ipiranga led the strong performance, with its recurring adjusted EBITDA more than quadrupling on a fairer competitive environment and higher fuel margins. This material positive update confirms the company's operational momentum and balance sheet strength.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 36.7% of the 997 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.63%. 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, UGP was trading at $5.87 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $6.4B. The 52-week trading range was $3.06 to $6.59. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.