The earnings call presented a mixed outlook for Ultrapar. While the company achieved strong cash flow, record results at Hidrovias, and a significant increase in net income, it faced challenges in the Ipiranga and Ultragaz segments and regulatory uncertainties in the LPG market.

Company Guidance

In the earnings release call for the second quarter of 2025, Ultrapar provided an optimistic outlook with several key financial metrics highlighted. The company reported a total EBITDA of BRL 2.07 billion, marking significant growth driven by extraordinary tax credits. The recurring EBITDA was BRL 1.468 billion, a 15% increase from the previous year, bolstered by the consolidation of Hidrovias and improved results from Ultragaz. Net income surged by 134% year-over-year to BRL 1.151 billion, primarily due to higher operating results and extraordinary tax credits amounting to BRL 677 million. CapEx reached BRL 544 million, a 14% increase mainly due to the Hidrovias consolidation, which also contributed BRL 138 million to cash generation. Ultrapar concluded the quarter with a net debt of BRL 12.635 billion, equating to a leverage ratio of 1.9x net debt to EBITDA. The company also completed a buyback program of 25 million shares at an average cost of BRL 16.64 and announced interim dividends of BRL 326 million, or BRL 0.30 per share, to be paid in August. Despite challenges such as irregularities in the fuel sector, Ultrapar remains committed to its robust capital structure and value creation strategy.

Strong Operational Cash Flow Generation

Despite a BRL 900 million reduction in draft discount due to the IOF tax burden, Ultrapar achieved robust cash flow generation through disciplined working capital management.

Record Results at Hidrovias

Hidrovias has been consolidated into Ultrapar's financials since May, showing record results and demonstrating growth potential.

Significant Increase in Net Income

Net income for the quarter was BRL 1.151 billion, a 134% increase compared to the same period last year, reflecting higher operating results and extraordinary tax credits.

Reduction in Net Debt and Cost of Debt

Ultrapar reported a reduction in net debt and cost of debt, supported by liability management actions after the capital increase.

Successful Share Buyback Program

Completed buyback of 25 million Ultrapar shares at an average cost of BRL 16.64.

Advances in Tax Regulation

Implementation of single-phase taxation of hydrated ethanol and progress in tax evasion measures in São Paulo were highlighted.

Ultrapar Participacoes SA (UGP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

UGP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q3)	0.09 / -	0.099	―	―	―
Aug 13, 2025	2025 (Q2)	0.05 / 0.16	0.071	122.54% (+0.09)
May 07, 2025	2025 (Q1)	0.06 / 0.05	0.07	-22.86% (-0.02)
Feb 26, 2025	2024 (Q4)	0.06 / 0.13	0.193	-30.57% (-0.06)
Nov 13, 2024	2024 (Q3)	0.10 / 0.10	0.158	-37.34% (-0.06)
Aug 07, 2024	2024 (Q2)	0.08 / 0.07	0.039	82.05% (+0.03)
May 08, 2024	2024 (Q1)	0.09 / 0.07	0.049	42.86% (+0.02)
Feb 28, 2024	2023 (Q4)	0.11 / 0.19	0.143	34.97% (+0.05)
Nov 08, 2023	2023 (Q3)	0.08 / 0.16	0.013	1115.38% (+0.14)
Aug 09, 2023	2023 (Q2)	0.04 / 0.04	0.079	-50.63% (-0.04)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

UGP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	$3.11	$3.22	+3.54%
May 07, 2025	$2.94	$2.84	-3.40%
Feb 26, 2025	$2.71	$2.83	+4.43%
Nov 13, 2024	$3.44	$3.24	-5.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ultrapar Participacoes SA (UGP) report earnings?

Ultrapar Participacoes SA (UGP) is schdueled to report earning on Nov 12, 2025, After Close (Confirmed).

What is Ultrapar Participacoes SA (UGP) earnings time?

Ultrapar Participacoes SA (UGP) earnings time is at Nov 12, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is UGP EPS forecast?

UGP EPS forecast for the fiscal quarter 2025 (Q3) is 0.09.

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