Petróleo Brasileiro S.A. – Petrobras (PBR) Q2 FY2026 Financial Statements: Revenue $33.61B, Net income $10.43B
More for Petróleo Brasileiro S.A. – Petrobras: Company index · 20-F and 6-K summary · 6-K filings and events
PeriodQ2 FY2026
Published
Petrobras reported net income attributable to shareholders of $10.43 billion for Q2 FY2026, the quarter ended June 30, 2026, up 120.3% from $4.73 billion a year earlier, and earnings of $1.62 per American Depositary Share against $0.74. Sales revenues were $33.61 billion, up 59.8%, as higher Brent crude prices lifted exports and domestic fuel sales, and government fuel subsidy programs added revenue in the domestic market. Operating income rose to $14.25 billion from $5.35 billion. The gain came from operations, led by the exploration and production segment, which earned $8.25 billion against $3.97 billion, and was partly offset by a new Brazilian export tax on crude and diesel and a much smaller foreign-exchange gain than a year earlier.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $33,607,000,000 | up 59.8% |
| Net income | $10,428,000,000 | up 120.3% |
| Diluted EPS per ADS | $1.62 | up 118.9% |
| Operating income | $14,253,000,000 | up 166.5% |
| E&P segment net income | $8,250,000,000 | up 107.6% |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | PBR |
|---|---|
| CIK | 0001119639 |
| Company | Petróleo Brasileiro S.A. – Petrobras |
| Business type | integrated_oil_and_gas |
| Schema template | integrated oil and gas (IFRS): the income statement as Petrobras presents it (sales revenues, cost of sales, gross profit, each operating income/expense line, income before net finance income, finance lines, income taxes, net income and its attribution, earnings per ADS); the balance sheet's main assets, finance debt and lease liabilities shown separately, liabilities and equity; the cash flow statement's main lines with free cash flow derived as operating cash flow less acquisition of PP&E and intangible assets; Petrobras's own non-IFRS measures (Adjusted EBITDA, gross debt, net debt, its policy-defined free cash flow) kept in a separate non_gaap block; net income by operating segment for the interim periods |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual US dollars (not millions). Per-share figures are US dollars per American Depositary Share (one ADS = two common shares for PBR, two preferred shares for PBR.A). Share counts are actual shares, common plus preferred. Expense lines (cost of sales, selling, general and administrative, exploration, research and development, other taxes, finance expenses, income tax expense) and cash outflows named as payments (capex, income taxes paid, repayments, dividends paid, share repurchases) are positive amounts; lines that can be either a gain or a loss, net totals and net cash flows carry the sign the statement prints (negative = expense, loss or outflow). Ratios are plain numbers. |
PBR annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 20-F | 20-F | 20-F |
| Income statement | |||
| Revenue | 89,195,000,000 | 91,416,000,000 | 102,409,000,000 |
| Cost of sales | 46,736,000,000 | 45,444,000,000 | 48,435,000,000 |
| Gross profit | 42,459,000,000 | 45,972,000,000 | 53,974,000,000 |
| Selling expenses | 5,198,000,000 | 4,874,000,000 | 5,038,000,000 |
| General and administrative expenses | 1,938,000,000 | 1,845,000,000 | 1,594,000,000 |
| Exploration costs | 1,217,000,000 | 913,000,000 | 982,000,000 |
| Research and development expenses | 864,000,000 | 789,000,000 | 726,000,000 |
| Other taxes | 768,000,000 | 1,251,000,000 | 890,000,000 |
| Impairment reversals losses net | -1,519,000,000 | -1,531,000,000 | -2,680,000,000 |
| Other income and expenses net | -4,842,000,000 | -7,893,000,000 | -4,031,000,000 |
| Total income expenses net | -16,346,000,000 | -19,096,000,000 | -15,941,000,000 |
| Operating income | 26,113,000,000 | 26,876,000,000 | 38,033,000,000 |
| Finance income | 1,490,000,000 | 1,954,000,000 | 2,169,000,000 |
| Finance expenses | 4,314,000,000 | 5,957,000,000 | 3,922,000,000 |
| Foreign exchange and inflation indexation net | 3,558,000,000 | -11,104,000,000 | -580,000,000 |
| Net finance income expense | 734,000,000 | -15,107,000,000 | -2,333,000,000 |
| Results of equity accounted investments | -52,000,000 | -627,000,000 | -304,000,000 |
| Income before income taxes | 26,795,000,000 | 11,142,000,000 | 35,396,000,000 |
| Income tax expense | 7,075,000,000 | 3,537,000,000 | 10,401,000,000 |
| Net income | 19,720,000,000 | 7,605,000,000 | 24,995,000,000 |
| Net income attributable to shareholders of petrobras | 19,634,000,000 | 7,528,000,000 | 24,884,000,000 |
| Net income attributable to noncontrolling interests | 86,000,000 | 77,000,000 | 111,000,000 |
| Basic EPS | 3.04 | 1.16 | 3.82 |
| Diluted EPS | 3.04 | 1.16 | 3.82 |
| Basic weighted average shares | 12,888,732,761 | 12,898,762,128 | 13,022,289,244 |
| Diluted shares | 12,888,732,761 | 12,898,762,128 | 13,022,289,244 |
| Balance sheet | |||
| Cash and cash equivalents | 6,471,000,000 | 3,271,000,000 | |
| Financial investments current | 2,726,000,000 | 4,263,000,000 | |
| Trade and other receivables current | 4,627,000,000 | 3,566,000,000 | |
| Inventories | 8,210,000,000 | 6,710,000,000 | |
| Total current assets | 25,448,000,000 | 21,836,000,000 | |
| Judicial deposits | 14,814,000,000 | 11,748,000,000 | |
| Property plant and equipment | 168,040,000,000 | 136,285,000,000 | |
| Intangible assets | 2,523,000,000 | 2,255,000,000 | |
| Total non current assets | 196,889,000,000 | 159,809,000,000 | |
| Total assets | 222,337,000,000 | 181,645,000,000 | |
| Trade payables | 7,442,000,000 | 6,082,000,000 | |
| Finance debt current | 2,186,000,000 | 2,566,000,000 | |
| Lease liability current | 10,037,000,000 | 8,542,000,000 | |
| Dividends payable | 2,095,000,000 | 2,657,000,000 | |
| Total current liabilities | 36,051,000,000 | 31,460,000,000 | |
| Finance debt non current | 24,255,000,000 | 20,596,000,000 | |
| Lease liability non current | 33,315,000,000 | 28,607,000,000 | |
| Deferred income tax liabilities | 6,354,000,000 | 1,470,000,000 | |
| Employee benefits non current | 15,367,000,000 | 10,672,000,000 | |
| Provision for decommissioning costs non current | 25,563,000,000 | 24,507,000,000 | |
| Total non current liabilities | 110,395,000,000 | 90,835,000,000 | |
| Total liabilities | 146,446,000,000 | 122,295,000,000 | |
| Share capital | 107,101,000,000 | 107,101,000,000 | |
| Accumulated other comprehensive loss | -105,281,000,000 | -109,470,000,000 | |
| Equity attributable to shareholders of petrobras | 75,565,000,000 | 59,106,000,000 | |
| Noncontrolling interests | 326,000,000 | 244,000,000 | |
| Total equity | 75,891,000,000 | 59,350,000,000 | |
| Total finance debt | 26,441,000,000 | 23,162,000,000 | |
| Total lease liability derived | 43,352,000,000 | 37,149,000,000 | |
| Cash flow | |||
| Operating cash flow | 36,047,000,000 | 37,984,000,000 | 43,212,000,000 |
| Depreciation depletion and amortization | 15,147,000,000 | 12,479,000,000 | 13,280,000,000 |
| Income taxes paid | 5,001,000,000 | 6,907,000,000 | 10,032,000,000 |
| Capex | 19,521,000,000 | 14,644,000,000 | 12,114,000,000 |
| Acquisition of equity interests | 2,000,000 | -22,000,000 | -24,000,000 |
| Proceeds from divestments | 613,000,000 | 863,000,000 | 3,606,000,000 |
| Investing cash flow | -15,639,000,000 | -13,369,000,000 | -7,955,000,000 |
| Proceeds from finance debt | 5,320,000,000 | 2,129,000,000 | 2,210,000,000 |
| Repayment of finance debt principal | 3,326,000,000 | 6,536,000,000 | 4,193,000,000 |
| Repayment of finance debt interest | 1,836,000,000 | 1,918,000,000 | 1,978,000,000 |
| Repayment of lease liability | 9,409,000,000 | 7,895,000,000 | 6,286,000,000 |
| Dividends paid to shareholders of petrobras | 8,114,000,000 | 18,327,000,000 | 19,670,000,000 |
| Financing cash flow | -17,406,000,000 | -33,088,000,000 | -30,700,000,000 |
| Net change in cash and cash equivalents | 3,200,000,000 | -9,456,000,000 | 4,731,000,000 |
| Share repurchases | 0 | 380,000,000 | 735,000,000 |
| Free cash flow derived | 16,526,000,000 | 23,340,000,000 | 31,098,000,000 |
| Conversion | |||
| Ads ratio | 2.0 | 2.0 | 2.0 |
- Source form, FY2025. 20-F for fiscal year 2025, audited consolidated financial statements
- Source form, FY2024. 20-F for fiscal year 2025, prior-year comparative columns
- Source form, FY2023. 20-F for fiscal year 2025, earliest comparative columns (income statement and cash flow statement only; the 20-F prints no December 31, 2023 balance sheet)
PBR quarterly income statement, balance sheet and cash flow
| Q2 2026 | Q2 2025 | |
|---|---|---|
| Fiscal quarter | 2 | 2 |
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 6-K | 6-K |
| Income statement | ||
| Revenue | 33,607,000,000 | 21,037,000,000 |
| Cost of sales | 14,114,000,000 | 11,025,000,000 |
| Gross profit | 19,493,000,000 | 10,012,000,000 |
| Selling expenses | 1,746,000,000 | 1,286,000,000 |
| General and administrative expenses | 556,000,000 | 464,000,000 |
| Exploration costs | 101,000,000 | 185,000,000 |
| Research and development expenses | 296,000,000 | 193,000,000 |
| Other taxes | 1,184,000,000 | 127,000,000 |
| Impairment reversals losses net | -226,000,000 | -190,000,000 |
| Other income and expenses net | -1,131,000,000 | -2,218,000,000 |
| Total income expenses net | -5,240,000,000 | -4,663,000,000 |
| Operating income | 14,253,000,000 | 5,349,000,000 |
| Finance income | 382,000,000 | 345,000,000 |
| Finance expenses | 1,049,000,000 | 1,065,000,000 |
| Foreign exchange and inflation indexation net | 379,000,000 | 1,735,000,000 |
| Net finance income expense | -288,000,000 | 1,015,000,000 |
| Results of equity accounted investments | 103,000,000 | 47,000,000 |
| Income before income taxes | 14,068,000,000 | 6,411,000,000 |
| Income tax expense | 3,630,000,000 | 1,654,000,000 |
| Net income | 10,438,000,000 | 4,757,000,000 |
| Net income attributable to shareholders of petrobras | 10,428,000,000 | 4,734,000,000 |
| Net income attributable to noncontrolling interests | 10,000,000 | 23,000,000 |
| Basic EPS | 1.62 | 0.74 |
| Diluted EPS | 1.62 | 0.74 |
| Basic weighted average shares | 12,888,732,761 | 12,888,732,761 |
| Diluted shares | 12,888,732,761 | 12,888,732,761 |
| Balance sheet | ||
| Cash and cash equivalents | 6,483,000,000 | |
| Financial investments current | 3,903,000,000 | |
| Trade and other receivables current | 6,252,000,000 | |
| Inventories | 9,718,000,000 | |
| Total current assets | 29,937,000,000 | |
| Judicial deposits | 16,580,000,000 | |
| Property plant and equipment | 185,694,000,000 | |
| Intangible assets | 2,732,000,000 | |
| Total non current assets | 217,140,000,000 | |
| Total assets | 247,077,000,000 | |
| Trade payables | 6,617,000,000 | |
| Finance debt current | 1,435,000,000 | |
| Lease liability current | 10,250,000,000 | |
| Dividends payable | 1,583,000,000 | |
| Total current liabilities | 35,037,000,000 | |
| Finance debt non current | 24,399,000,000 | |
| Lease liability non current | 34,722,000,000 | |
| Deferred income tax liabilities | 10,417,000,000 | |
| Employee benefits non current | 16,807,000,000 | |
| Provision for decommissioning costs non current | 26,859,000,000 | |
| Total non current liabilities | 118,957,000,000 | |
| Total liabilities | 153,994,000,000 | |
| Share capital | 107,101,000,000 | |
| Accumulated other comprehensive loss | -101,296,000,000 | |
| Equity attributable to shareholders of petrobras | 92,908,000,000 | |
| Noncontrolling interests | 175,000,000 | |
| Total equity | 93,083,000,000 | |
| Total finance debt | 25,834,000,000 | |
| Total lease liability derived | 44,972,000,000 | |
| Cash flow | ||
| Operating cash flow | 12,250,000,000 | |
| Depreciation depletion and amortization | 4,263,000,000 | |
| Non GAAP | ||
| Adjusted EBITDA | 18,615,000,000 | |
| Gross debt | 70,806,000,000 | |
| Adjusted cash and cash equivalents | 10,418,000,000 | |
| Net debt | 60,388,000,000 | |
| Net debt to ltm adjusted EBITDA | 1.14 | |
| Segments | ||
| Exploration and production | ||
| Sales revenues | 22,785,000,000 | 14,404,000,000 |
| Gross profit | 13,435,000,000 | 7,803,000,000 |
| Operating income | 12,456,000,000 | 5,957,000,000 |
| Net income attributable to shareholders of petrobras | 8,250,000,000 | 3,974,000,000 |
| Refining transportation and marketing | ||
| Sales revenues | 32,351,000,000 | 19,795,000,000 |
| Gross profit | 5,185,000,000 | 1,209,000,000 |
| Operating income | 2,809,000,000 | 340,000,000 |
| Net income attributable to shareholders of petrobras | 1,920,000,000 | 217,000,000 |
| Gas and low carbon energies | ||
| Sales revenues | 2,406,000,000 | 2,176,000,000 |
| Gross profit | 1,086,000,000 | 1,032,000,000 |
| Operating income | 274,000,000 | 118,000,000 |
| Net income attributable to shareholders of petrobras | 190,000,000 | 88,000,000 |
| Corporate and other businesses | ||
| Sales revenues | 99,000,000 | 80,000,000 |
| Gross profit | 12,000,000 | 10,000,000 |
| Operating income | -1,061,000,000 | -1,024,000,000 |
| Net income attributable to shareholders of petrobras | 218,000,000 | 483,000,000 |
| Eliminations | ||
| Sales revenues | -24,034,000,000 | -15,418,000,000 |
| Gross profit | -225,000,000 | -42,000,000 |
| Operating income | -225,000,000 | -42,000,000 |
| Net income attributable to shareholders of petrobras | -150,000,000 | -28,000,000 |
| Conversion | ||
| Ads ratio | 2.0 | 2.0 |
- Source form, Q2 2026. 6-K furnished August 7, 2026: unaudited condensed consolidated interim financial statements (IAS 34), Apr-Jun/2026 column; balance sheet as of June 30, 2026
- Source form, Q2 2025. 6-K furnished August 7, 2026: unaudited condensed consolidated interim financial statements (IAS 34), Apr-Jun/2025 comparative column (income statement only)
- Supplementary sources: cash flow, Q2 2026. Three-month operating cash flow and depreciation, depletion and amortization, and the non_gaap block, are from the Jan-Jun/2026 financial information report on Form 6-K furnished August 20, 2026 (accession 0001292814-26-004304); the interim financial statements print the cash flow statement for six months only.
PBR year-to-date income statement and cash flow
| H1 2026 (Jan-Jun/2026) | H1 2025 (Jan-Jun/2025) | |
|---|---|---|
| Period start | 2026-01-01 | 2025-01-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | six months | six months |
| Source accession | 6-K | 6-K |
| Income statement | ||
| Revenue | 57,142,000,000 | 42,110,000,000 |
| Cost of sales | 26,309,000,000 | 21,710,000,000 |
| Gross profit | 30,833,000,000 | 20,400,000,000 |
| Selling expenses | 3,261,000,000 | 2,376,000,000 |
| General and administrative expenses | 1,035,000,000 | 908,000,000 |
| Exploration costs | 239,000,000 | 498,000,000 |
| Research and development expenses | 546,000,000 | 395,000,000 |
| Other taxes | 1,658,000,000 | 250,000,000 |
| Impairment reversals losses net | 191,000,000 | -240,000,000 |
| Other income and expenses net | -2,184,000,000 | -3,108,000,000 |
| Total income expenses net | -8,732,000,000 | -7,775,000,000 |
| Operating income | 22,101,000,000 | 12,625,000,000 |
| Finance income | 716,000,000 | 642,000,000 |
| Finance expenses | 2,034,000,000 | 2,048,000,000 |
| Foreign exchange and inflation indexation net | 2,497,000,000 | 4,169,000,000 |
| Net finance income expense | 1,179,000,000 | 2,763,000,000 |
| Results of equity accounted investments | 113,000,000 | 129,000,000 |
| Income before income taxes | 23,393,000,000 | 15,517,000,000 |
| Income tax expense | 6,737,000,000 | 4,765,000,000 |
| Net income | 16,656,000,000 | 10,752,000,000 |
| Net income attributable to shareholders of petrobras | 16,627,000,000 | 10,708,000,000 |
| Net income attributable to noncontrolling interests | 29,000,000 | 44,000,000 |
| Basic EPS | 2.58 | 1.66 |
| Diluted EPS | 2.58 | 1.66 |
| Basic weighted average shares | 12,888,732,761 | 12,888,732,761 |
| Diluted shares | 12,888,732,761 | 12,888,732,761 |
| Cash flow | ||
| Operating cash flow | 20,649,000,000 | 16,029,000,000 |
| Depreciation depletion and amortization | 8,374,000,000 | 6,944,000,000 |
| Income taxes paid | 4,975,000,000 | 2,781,000,000 |
| Capex | 9,072,000,000 | 8,046,000,000 |
| Acquisition of equity interests | -63,000,000 | -2,000,000 |
| Proceeds from divestments | 358,000,000 | 479,000,000 |
| Investing cash flow | -9,296,000,000 | -4,328,000,000 |
| Proceeds from finance debt | 1,931,000,000 | 3,072,000,000 |
| Repayment of finance debt principal | 3,135,000,000 | 1,547,000,000 |
| Repayment of finance debt interest | 1,070,000,000 | 856,000,000 |
| Repayment of lease liability | 5,216,000,000 | 4,368,000,000 |
| Dividends paid to shareholders of petrobras | 3,742,000,000 | 4,588,000,000 |
| Financing cash flow | -11,442,000,000 | -8,161,000,000 |
| Net change in cash and cash equivalents | 12,000,000 | 3,725,000,000 |
| Free cash flow derived | 11,577,000,000 | 7,983,000,000 |
| Non GAAP | ||
| Adjusted EBITDA | 29,964,000,000 | 19,688,000,000 |
| Free cash flow as defined by petrobras | 11,514,000,000 | 7,981,000,000 |
| Segments | ||
| Exploration and production | ||
| Sales revenues | 38,781,000,000 | 29,471,000,000 |
| Gross profit | 21,289,000,000 | 16,073,000,000 |
| Operating income | 19,773,000,000 | 13,489,000,000 |
| Net income attributable to shareholders of petrobras | 13,095,000,000 | 8,961,000,000 |
| Refining transportation and marketing | ||
| Sales revenues | 54,648,000,000 | 39,784,000,000 |
| Gross profit | 9,710,000,000 | 2,420,000,000 |
| Operating income | 6,328,000,000 | 815,000,000 |
| Net income attributable to shareholders of petrobras | 4,220,000,000 | 584,000,000 |
| Gas and low carbon energies | ||
| Sales revenues | 4,611,000,000 | 4,036,000,000 |
| Gross profit | 2,075,000,000 | 1,767,000,000 |
| Operating income | 442,000,000 | 74,000,000 |
| Net income attributable to shareholders of petrobras | 310,000,000 | 60,000,000 |
| Corporate and other businesses | ||
| Sales revenues | 188,000,000 | 157,000,000 |
| Gross profit | 20,000,000 | 19,000,000 |
| Operating income | -2,181,000,000 | -1,874,000,000 |
| Net income attributable to shareholders of petrobras | 495,000,000 | 1,023,000,000 |
| Eliminations | ||
| Sales revenues | -41,086,000,000 | -31,338,000,000 |
| Gross profit | -2,261,000,000 | 121,000,000 |
| Operating income | -2,261,000,000 | 121,000,000 |
| Net income attributable to shareholders of petrobras | -1,493,000,000 | 80,000,000 |
| Conversion | ||
| Ads ratio | 2.0 | 2.0 |
- Source form, H1 2026 (Jan-Jun/2026). 6-K furnished August 7, 2026: Jan-Jun/2026 columns; the non_gaap block is from the Form 6-K furnished August 20, 2026 (accession 0001292814-26-004304)
- Source form, H1 2025 (Jan-Jun/2025). 6-K furnished August 7, 2026: Jan-Jun/2025 comparative columns; the non_gaap block is from the Form 6-K furnished August 20, 2026 (accession 0001292814-26-004304)
PBR trailing twelve month income statement and cash flow
| Twelve months ended June 30, 2026 (derived) | |
|---|---|
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Source accession | 6-K |
| Sources | |
| FY2025 | 0001292814-26-002168 |
| H1 2026 and H1 2025 | 0001292814-26-004133 |
| LTM Adjusted EBITDA (as printed by Petrobras) | 0001292814-26-004304 |
| Income statement | |
| Revenue | 104,227,000,000 |
| Cost of sales | 51,335,000,000 |
| Gross profit | 52,892,000,000 |
| Operating income | 35,589,000,000 |
| Income tax expense | 9,047,000,000 |
| Net income | 25,624,000,000 |
| Net income attributable to shareholders of petrobras | 25,553,000,000 |
| Cash flow | |
| Operating cash flow | 40,667,000,000 |
| Capex | 20,547,000,000 |
| Depreciation depletion and amortization | 16,577,000,000 |
| Free cash flow derived | 20,120,000,000 |
| Non GAAP | |
| Ltm adjusted EBITDA | 52,799,000,000 |
- Derivation. Full year 2025 from the 2025 Form 20-F, plus the first half of 2026 and less the first half of 2025, both from the second-quarter 2026 interim financial statements on Form 6-K. These are arithmetic combinations of reported periods. Petrobras itself prints last-twelve-months net income, operating cash flow and Adjusted EBITDA at June 30, 2026 in its Jan-Jun/2026 financial information report; the derived net income and operating cash flow equal the figures printed there.
Adjustments
| Splits applied | none |
|---|---|
| Splits note | No share split or reverse split is on record for Petrobras since 2018, so no per-share figure needed restating. |
| ADR ratio | 2 |
| Per share basis | Every per-share figure is stated per American Depositary Share, which is what a US holder owns. The FY2025 Form 20-F cover lists ADSs 'each representing two Common Shares' (PBR) and 'each representing two Preferred Shares' (PBR.A). Petrobras reports one basic and diluted earnings per share figure that applies equally to common and preferred shares, so each per-share amount was multiplied by two: for example, $0.81 per share for the second quarter of 2026 is shown as $1.62 per ADS. These equal the 'earnings per ADS equivalent' amounts Petrobras prints in its earnings-per-share notes for every period here. Totals and share counts are as filed. |
| FX | None applied. Petrobras's functional currency is the Brazilian real, but it presents its SEC financial statements in US dollars, and every figure here is taken as printed in US dollars. |
Notes
- Annual figures are from the FY2025 Form 20-F (accession 0001292814-26-002168): income statement and cash flow statement for 2025, 2024 and 2023, balance sheet as of December 31, 2025 and 2024. The 20-F prints no balance sheet as of December 31, 2023, so FY2023 carries none.
- Quarterly and six-month figures are from the unaudited condensed consolidated interim financial statements for the period ended June 30, 2026, furnished on Form 6-K on August 7, 2026 (accession 0001292814-26-004133). They were reviewed, not audited, by the independent accountants.
- On September 21, 2026 Petrobras furnished a Form 6-K/A (accession 0001292814-26-004623) that re-furnishes the same interim financial statements. Its explanatory note states that it amends the August 7 filing solely to add Exhibit 101 (the XBRL interactive data file) and amends no other information. Every figure in the amended statements was compared with the original and found identical, so the original filing is cited throughout.
- operating_income is the line Petrobras captions 'Income before net finance income (expense), results of equity-accounted investments and income taxes'. total_income_expenses_net is the statement's 'Income (expenses)' subtotal of all operating income and expense lines below gross profit.
- impairment_reversals_losses_net is positive for a net reversal and negative for a net impairment loss, as printed: a $191 million net reversal in the first half of 2026, a $226 million net loss in the second quarter of 2026.
- Basic and diluted earnings per share are identical in every period because Petrobras has no potentially dilutive shares; diluted_shares is the weighted average number of common and preferred shares outstanding. The weighted average fell from 13,022,289,244 shares in 2023 to 12,888,732,761 in 2025 and the 2026 periods, which Petrobras attributes to its preferred-share repurchase program, closed on August 4, 2024, whose shares were cancelled in January 2025.
- The interim financial statements print the cash flow statement for six months only. Operating cash flow ($12,250 million) and depreciation, depletion and amortization ($4,263 million) for the second quarter of 2026 are taken from the Apr-Jun/2026 column of the last-twelve-months reconciliation in Petrobras's Jan-Jun/2026 financial information report on Form 6-K (accession 0001292814-26-004304); that table's Jan-Mar/2026 and Apr-Jun/2026 columns sum to the six-month figures in the cash flow statement. No three-month capital expenditure is printed, so the quarter carries no capex or free cash flow, and the second quarter of 2025 carries no cash flow figures.
- free_cash_flow_derived is net cash provided by operating activities less acquisition of PP&E and intangible assets, calculated here. Petrobras's own Free Cash Flow, defined by its shareholder remuneration policy, also deducts acquisitions of equity interests; it is shown separately as non_gaap.free_cash_flow_as_defined_by_petrobras ($11,514 million for the first half of 2026 against $11,577 million derived here).
- The non_gaap blocks hold measures Petrobras reports outside IFRS, as printed in its Jan-Jun/2026 financial information report (accession 0001292814-26-004304): Adjusted EBITDA, gross debt (finance debt plus lease liabilities), adjusted cash and cash equivalents, net debt (gross debt less adjusted cash), the net debt to last-twelve-months Adjusted EBITDA ratio, and its policy-defined free cash flow. Gross debt of $70,806 million at June 30, 2026 equals total_finance_debt plus total_lease_liability_derived from the balance sheet.
- total_finance_debt is printed in the finance debt note and equals current plus non-current finance debt on the balance sheet. total_lease_liability_derived is current plus non-current lease liability, added here.
- Segment figures (segments block, interim periods only) are from the net income by operating segment tables in note 8 of the interim statements. Segment sales revenues include sales between segments, which the eliminations column removes; the four segments plus eliminations sum to the consolidated figure for every line and period. The annual entries carry no segment breakdown.
- The December 31, 2025 balance sheet printed as a comparative in the interim statements agrees with the 20-F for every line used here. The interim statements print no separate non-current financial investments line; their non-current 'Others' at December 31, 2025 ($316 million) equals the 20-F's 'Others' ($313 million) plus its non-current financial investments ($3 million). Neither line is used here.
- Share repurchases were nil in 2025 (the cash flow statement prints a dash) against $380 million in 2024 and $735 million in 2023.
- The trailing-twelve-months block is derived: FY2025 plus the first half of 2026 less the first half of 2025. Its net income ($25,624 million), operating cash flow ($40,667 million), income tax expense and depreciation, depletion and amortization equal the last-twelve-months figures Petrobras prints at June 30, 2026 (accession 0001292814-26-004304); ltm_adjusted_ebitda is Petrobras's own printed figure.
Uncertainties
- No three-month capital expenditure or free cash flow is available for the second quarter of 2026, and no cash flow figures at all for the second quarter of 2025: the interim statements present the cash flow statement for six months only, and the financial information report prints only operating cash flow and depreciation by quarter.
- The second-quarter 2026 operating cash flow and depreciation figures come from Petrobras's management report on Form 6-K rather than from the interim financial statements themselves; they reconcile to the six-month statement figures but are not separately reviewed by the independent accountants.
- Non-IFRS measures (Adjusted EBITDA, gross debt, net debt, Petrobras-defined free cash flow) are Petrobras's own definitions and are not comparable with similarly named measures of other companies.
Company details
| Name | Petrobras - Petroleo Brasileiro Sa |
|---|---|
| Ticker | PBR |
| CIK | 0001119639 |
| Exchange | NYSE |
| State | |
| Incorporation | Brazil |
| SIC | 1311 |
| Office | Energy & Transportation |
| Industry | Crude Petroleum & Natural Gas |
Fiscal period
| Fiscal year | 2026 |
|---|---|
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 6-K |
| Accession | 0001292814-26-004133 |
| Fiscal year end | 1231 |
| Source | derived |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | no | 20-F | 2025 | FY | FY25 | 2025-12-31 | 2026-04-09 | 0001292814-26-002168 | reported |
| quarterly | yes | 6-K | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-08-07 | 0001292814-26-004133 | derived |
FAQ · Petróleo Brasileiro S.A. – Petrobras financial statements
How much did Petrobras earn in Q2 FY2026?
Petrobras reported net income attributable to shareholders of $10.43 billion for Q2 FY2026, the quarter ended June 30, 2026. That is up 120.3% from $4.73 billion in the same quarter a year earlier.
What was Petrobras revenue in Q2 FY2026?
Petrobras reported sales revenues of $33.61 billion for Q2 FY2026, the quarter ended June 30, 2026, up 59.8% from $21.04 billion a year earlier, as higher Brent crude prices lifted export and domestic fuel sales, and government fuel subsidy programs added revenue in the domestic market.
What were Petrobras earnings per ADS in Q2 FY2026?
Petrobras earned $1.62 per American Depositary Share in Q2 FY2026, against $0.74 in the same quarter a year earlier. Basic and diluted earnings per share are the same because Petrobras has no dilutive securities.
How much did Petrobras exploration and production segment earn in Q2 FY2026?
Petrobras's exploration and production segment earned net income attributable to shareholders of $8.25 billion in Q2 FY2026, up 107.6% from $3.97 billion a year earlier, as Brent crude prices rose.
Where can I get Petróleo Brasileiro S.A. – Petrobras (PBR) financial data in machine-readable form?
Ticker Scout publishes Petróleo Brasileiro S.A. – Petrobras's financial statements as JSON at https://tickerscout.ai/pbr/financials.json, free, with no API key and no signup. The 20-F and 6-K narrative and the 6-K events digest are published as Markdown at https://tickerscout.ai/pbr/narrative.md and https://tickerscout.ai/pbr/events.md. Petróleo Brasileiro S.A. – Petrobras's SEC CIK is 0001119639. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Petróleo Brasileiro S.A. – Petrobras (PBR) next file with the SEC?
Petróleo Brasileiro S.A. – Petrobras (PBR) is expected to file its next Form 6-K with the SEC on or around November 6, 2026. That date is a projection rather than a company-announced date: it is derived from Petróleo Brasileiro S.A. – Petrobras's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 6-K for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001292814-26-004133.
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How this page was built
This page was built from four of Petróleo Brasileiro S.A. – Petrobras's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names three such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from Petróleo Brasileiro S.A. – Petrobras's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.