$PBR · PETROBRAS - PETROLEO BRASILEIRO SA
Petrobras filed its Q3 2026 interim financial information (6-K). Nine-month net income reached R$124.86B versus R$94.57B in the prior-year period, and Q3 net income was R$39.75B versus R$32.71B. Nine-month EPS rose to R$9.69 from R$7.34. Revenue for the nine months was R$452.82B versus R$362.35B, boosted by R$26.94B in net fuel-subsidy revenue recognized under Provisional Measures 1,340/2026, 1,363/2026, 1,358/2026, 1,391/2026 and 1,349/2026.
- Nine-month net income rose to R$124.86B from R$94.57B a year earlier.
- Q3 2026 net income was R$39.75B versus R$32.71B in Q3 2025.
- Nine-month EPS climbed to R$9.69 from R$7.34.
- Nine-month sales revenue reached R$452.82B versus R$362.35B.
- Fuel-subsidy net revenue totaled R$26.94B, with R$16.1B still receivable under ANP review.
Markets closed — no regular-session reaction yet; extended-hours last trade at $17.83 (+0.06% vs close).
Earnings growth is heavily dependent on government fuel-subsidy revenue, with a large receivable still pending regulatory review.
Brazilian state-controlled oil major benefiting from government fuel-subsidy programs that lifted revenue and earnings versus the prior year.
R$16.1B of the fuel-subsidy receivable remains under ANP review, creating collection risk; finance expenses rose sharply to R$22.47B from R$5.73B.