Petrobras stock carries Q2 profit surge into October

Published on 10/06/2026 at 17:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Petrobras stock's Q2 net income reached USD 10.4 billion, up 120 percent year over year, while revenue climbed to USD 33.6 billion. The NYSE quote was USD 23.97 on October 6, 2026.

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Petrobras stock carried a sharp second-quarter profit increase into October, trading at USD 23.97 on the NYSE on October 6, 2026, down 0.70 percent at 11:45 a.m. ET. The company earned USD 10.4 billion in net income in Q2 2026, up 120 percent from a year earlier, according to The Rio Times on September 27, 2026.

Revenue reaches USD 33.6 billion

Petrobras reported USD 33.6 billion in Q2 2026 revenue, a 60 percent year-over-year increase. Adjusted EBITDA reached USD 20.0 billion, while operating cash flow stood at USD 12.3 billion, according to The Rio Times.

The earnings comparison is unusually wide because the same quarter of 2025 produced USD 4.8 billion in net income. Q2 2026 therefore delivered an additional USD 5.6 billion in net income, based on the figures reported by The Rio Times.

Analysts see a lower target

The market view is positive but less aggressive than the current quote. MarketBeat reported on September 29, 2026, that seven analysts rated Petrobras Moderate Buy, with five Buy ratings and two Hold ratings. The average 12-month target was USD 21.16, which places the target 11.7 percent below the USD 23.97 October 6 price.

Individual research actions were also constructive. MarketBeat said UBS raised its target from USD 22.00 to USD 23.00 on September 23, 2026, while JPMorgan raised its target from USD 23.00 to USD 24.00 on September 1, 2026.

Stock stays near its yearly high

Petrobras traded between USD 23.74 and USD 24.09 during the October 6 session. Its 52-week range was USD 11.43 to USD 24.76, leaving the latest price 3.2 percent below the high, while market capitalization stood at USD 154.5 billion.

The operating backdrop also includes a long-term gas commitment. Cheniere announced on September 29, 2026, that Petrobras signed a 22-year LNG sale and purchase agreement, adding supply visibility while extending its exposure to long-term gas costs.

Petrobras stock holds a high valuation bar

Petrobras stock was last at USD 23.97 on the NYSE on October 6, 2026 at 11:45 a.m. ET. The gap between the market price and the USD 21.16 consensus target makes future earnings delivery and capital discipline central to the valuation.