Petrobras secures USD 859 million payout: UBS raises target for Petrobras stock

Published on 10/16/2026 at 09:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS lifted target from USD 22.00 to USD 23.00 on September 23. Petrobras stock costs EUR 22.40 on October 16, 2026 before results on November 10, 2026.

Cash settlement and earnings dates

Petrobras signed agreements on October 13, 2026 that will bring USD 859 million from consortium partners.
Second-quarter 2026 sales revenue reached USD 33.61 billion and net income was USD 10.43 billion.
Petrobras stock trades at EUR 22.40 at 9:16 a.m. CEST at Lang & Schwarz on October 16, 2026.
Third-quarter financial results are scheduled for November 10, 2026.

PBR, US71654V4086, Illustration mit AI erstellt.

Petrobras (US71654V4086) signed agreements that will bring USD 859 million from partners in the Santos Basin, according to StockTitan on October 13, 2026. The announcement came as MarketBeat reported that UBS had raised its Petrobras target from USD 22.00 to USD 23.00 on September 23.

Three dated Petrobras catalysts

Petrobras reported USD 33.61 billion in sales revenue for the second quarter of 2026, up from USD 21.04 billion in the second quarter of 2025. Net income attributable to shareholders reached USD 10.43 billion, compared with USD 4.73 billion a year earlier, according to TickerScout. The report covers the quarter ended June 30, 2026.

On September 23, 2026, UBS raised its target from USD 22.00 to USD 23.00 while maintaining a Buy rating, as reported by MarketBeat. On October 13, 2026, Petrobras signed cost and volume balancing agreements covering the Berbigao and Sururu reservoirs, with settlement scheduled by November 2026.

What does the payout change?

The USD 859 million settlement addresses historical production revenues, investment costs, operating expenses and royalties across the shared reservoirs. Petrobras operates the BM-S-11A consortium, while Shell, TotalEnergies and Petrogal are partners in the agreements. The payment gives the company a defined cash inflow alongside its operating revenue, but the agreements also reflect accounting for activity extending from September 15, 2000, through April 30, 2026.

Which dates come next?

Petrobras plans to publish its third-quarter 2026 production and sales report on October 28, 2026, followed by financial results on November 10, 2026, both after the market close. The company has scheduled its results webcast for November 11, 2026, according to the Petrobras investor-relations page. Petrobras American Depositary Receipts trade on the NYSE under ticker PBR, according to Global Banking and Finance.