The earnings call presented a strong financial performance with significant growth in adjusted EBITDA, net income, and cash generation. The company successfully reduced leverage and expanded its Ultracargo terminal. However, challenges remain in the LPG market with declining volumes, and Ipiranga continues to face sector irregularities. Overall, the positive financial achievements and strategic expansions outweigh the challenges.

Company Guidance

During the Ultrapar earnings release call for the third quarter of 2025, several key metrics and operational highlights were discussed. Ipiranga recognized BRL 238 million in extraordinary tax credits, contributing to Ultrapar's adjusted EBITDA of BRL 1.9 billion, a 27% year-over-year increase. The company's net income rose by 11% year-over-year to BRL 772 million. Despite paying BRL 326 million in dividends and settling a BRL 258 million draft discount, leverage was reduced from 1.9x to 1.7x due to strong cash generation. CapEx increased by 46% to BRL 756 million, driven by investments in Hidrovias and Ipiranga. Ultracargo expanded its storage capacity, while Ultragaz reported higher EBITDA despite a 6% drop in LPG sales volumes. Hidrovias saw a 30% growth in volume handled, with adjusted EBITDA more than doubling year-over-year to BRL 332 million. Additionally, Ultrapar completed the sale of its Hidrovias Cabotage operation for BRL 715 million and signed an agreement to acquire a 37.5% stake in Virtu for BRL 102 million. The company anticipates continued market recovery and aims to strategically position itself for growth and profitability.

Extraordinary Tax Credits Recognition

BRL 238 million in extraordinary tax credits recognized at Ipiranga, contributing significantly to financial results.

Leverage Reduction

Leverage reduced from 1.9x to 1.7x due to strong cash generation and Ultrapar's EBITDA growth, even after paying BRL 326 million in dividends.

Ultracargo Expansion

Completed expansion of the Ultracargo terminal in Santos, adding 34,000 cubic meters of storage capacity.

Adjusted EBITDA Growth

Ultrapar's adjusted EBITDA was BRL 1.9 billion, a 27% increase year-over-year, with recurring adjusted EBITDA at BRL 1.8 billion, an 18% increase compared to the previous year.

Net Income Increase

Net income for the quarter reached BRL 772 million, an 11% increase year-over-year, driven by higher operating results and tax credits.

Strong Cash Generation

Operating cash generation was BRL 2.1 billion, almost 3x the cash generated in the same period last year.

Hidrovias Performance

Volume handled in the quarter grew by 30% year-over-year, contributing to record performance and EBITDA growth.

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
Feb 25, 2026	2025 (Q4)	0.08 / -	0.134	―	―	―
Nov 12, 2025	2025 (Q3)	0.10 / 0.12	0.099	22.22% (+0.02)
Aug 13, 2025	2025 (Q2)	0.05 / 0.18	0.071	160.56% (+0.11)
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)

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
Nov 12, 2025	$4.27	$4.09	-4.22%
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%

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 (UGP) report earnings?

Ultrapar Participacoes (UGP) is schdueled to report earning on Feb 25, 2026, After Close (Confirmed).

What is Ultrapar Participacoes (UGP) earnings time?

Ultrapar Participacoes (UGP) earnings time is at Feb 25, 2026, 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 (Q4) is 0.08.

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