PetroReconcavo approves two deals. PetroReconcavo stock is worth BRL 3.7 billion

Published on 10/21/2026 at 02:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The October 13 decision covers Petrobras oil contracts and Shell gas sales. PetroReconcavo stock has BRL 3.7 billion market value as of October 20, 2026.

Contracts and operating metrics

PetroReconcavo approved Petrobras and Shell arrangements on October 13, 2026.
First-half 2026 revenue reached BRL 1,492 million and EBITDA was BRL 706 million.
Third-quarter 2026 results are scheduled for November 5, 2026, with the conference call on November 6, 2026.

PetroReconcavo, BRRECVACNOR3, Illustration mit AI erstellt.

PetroReconcavo (BRRECVACNOR3) approved two commercial arrangements on October 13, 2026, covering oil contracts with Petrobras and a natural gas sale agreement with Shell Energy do Brasil. The board decision gives the company a fresh operating event ahead of its third-quarter reporting date.

Two contracts, no values disclosed

According to El Fondo on October 13, 2026, the board approved amendments to crude oil purchase and sale contracts with Petrobras and a confirmation notice for natural gas sales to Shell Energy. The arrangements relate to existing commercial relationships, including general gas sale terms signed in January 2023, while financial values and contracted volumes were not disclosed.

The immediate investor question is therefore operational rather than numerical: the agreements preserve commercial continuity, but the public announcement does not quantify their effect on revenue, production or cash flow.

What changed during 2026?

PetroReconcavo began a planned management transition on September 24, 2026, after Troy Patrick Finney announced he would leave his director role during a process expected to finish in the fourth quarter, as ADVFN reported. On October 7, 2026, XP Investimentos said September production was 23.5 thousand barrels of oil equivalent per day, down 1.3 percent from August. The October 13 Petrobras and Shell decision is the latest of the three events.

Dates that frame the next report

Money Times lists PetroReconcavo for third-quarter 2026 results on November 5, 2026, after the market closes, followed by a conference call on November 6, 2026. Those dates give investors the next scheduled opportunity to assess whether contract continuity and workover activity are improving production and cash generation.

First-half figures set the scale

PetroReconcavo reported first-half 2026 net revenue of BRL 1,492 million, compared with BRL 808 million in the first quarter, while EBITDA reached BRL 706 million against BRL 396 million in the first quarter. The company also reported a 47.3 percent first-half EBITDA margin and average production of 24.2 thousand barrels of oil equivalent per day, according to its PetroReconcavo fact sheet.

Market value and operating scale

PetroReconcavo had a market capitalization of BRL 3.7 billion as of October 20, 2026. Its fact sheet lists 57 concessions and 24.2 thousand barrels of oil equivalent per day of first-half production, placing the Petrobras and Shell arrangements in the context of a sizable onshore operating base.