The earnings call highlighted significant achievements in production and CapEx execution, offsetting some of the negative impacts of falling oil prices. The company is on track with its production targets and has demonstrated operational efficiency and strategic planning. However, the decline in oil prices and its impact on financial results present ongoing challenges.
Company Guidance -
Q3 2025
During the Petrobras earnings call for the second quarter of 2025, several key metrics were highlighted. The company reported an impressive production increase, reaching 2.3 million barrels of oil per day on average, which is a 5% increase compared to the first quarter of 2025 and an 8% rise compared to the same period last year. This ramp-up was attributed to a strategic increase in CapEx during the fourth quarter of the previous year, which aligned with their production guidance. By July 2025, production further increased to 2.47 million barrels per day. Despite a 10% decline in Brent oil prices, from $75 to $67, Petrobras maintained a strong financial performance with a net income of $4.1 billion and an EBITDA of $10.2 billion, excluding one-off events. The company emphasized its commitment to cost reduction and efficient management, achieving a total production record of 4.2 million barrels of oil equivalent per day. Additionally, Petrobras increased its gas supply by 15%, thanks to the Rota 3 pipeline and Boaventura gas processing unit. The call also mentioned an investment plan of $18.5 billion for the year, with a focus on production efficiency and strategic project execution.
Increased Oil Production
In Q2 2025, Petrobras produced 2.3 million barrels of oil per day on average, a 5% increase compared to Q1 2025 and an 8% increase compared to the same period last year. In July 2025, production further increased to 2.47 million barrels per day.
CapEx Execution Success
Petrobras increased its CapEx in Q4 2024 to align with its guidance, resulting in a production ramp-up. In 2025, over 50 wells were linked by mid-year, surpassing the total number for the entire year of 2024.
Record Total Production
The company achieved a record total production of 4.2 million barrels of oil equivalent per day in Q2 2025.
Commercial Gas Production Growth
Petrobras increased its gas supply to the market by 15%, aided by the progress of the Rota 3 pipeline and the Boaventura gas processing unit.
Petroleo Brasileiro SA- Petrobras (PBR) 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
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
PBR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Aug 07, 2025
$13.08
$12.12
-7.34%
May 12, 2025
$11.78
$11.90
+1.02%
Feb 26, 2025
$13.67
$12.90
-5.63%
Nov 07, 2024
$12.01
$12.19
+1.50%
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 Petroleo Brasileiro SA- Petrobras (PBR) report earnings?
Petroleo Brasileiro SA- Petrobras (PBR) is schdueled to report earning on Nov 06, 2025, TBA (Confirmed).
What is Petroleo Brasileiro SA- Petrobras (PBR) earnings time?
Petroleo Brasileiro SA- Petrobras (PBR) earnings time is at Nov 06, 2025, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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