PetroReconcavo stock reports BRL 706 million first-half EBITDA

Published on 10/07/2026 at 03:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The B3 quote was BRL 11.66 on October 6, 2026, with a 52-week range of BRL 9.39 to BRL 14.64. First-half revenue reached BRL 1.492 billion.

PetroReconcavo, BRRECVACNOR3, Illustration mit AI erstellt.

PetroReconcavo stock (ISIN BRRECVACNOR3) was last at BRL 11.66 on B3 on October 6, 2026, up from a previous close of BRL 11.60. The company reported BRL 706 million of EBITDA and BRL 1.492 billion of net revenue for the first half of 2026, giving the stock a results-based valuation backdrop.

First-half cash generation stays central

According to PetroReconcavo, 1H26 net income reached BRL 326 million, EBITDA margin was 47.3 percent and free cash flow generation totaled BRL 154 million. Average production was 24.2 thousand barrels of oil equivalent per day, while net debt stood at BRL 1.363 billion and leverage at 1.01 times EBITDA.

The latest quarterly figures add a useful comparison. BTG Pactual reported adjusted EBITDA excluding IFRS 16 of BRL 396 million in 2Q26, up 28 percent from the prior quarter and 6 percent from a year earlier. Revenue was BRL 808 million and net income was BRL 203 million, while production fell 1 percent quarter over quarter and 12 percent year over year to 24.1 thousand barrels of oil equivalent per day.

Consensus leaves limited upside

The analyst picture is restrained. Investing.com lists a Neutral consensus from 13 analysts, with 12 Hold ratings, 1 Sell rating and 0 Buy ratings. The average 12-month target is BRL 11.79, which is 1.11 percent above BRL 11.66; the high target is BRL 13.50 and the low target is BRL 7.30.

BTG Pactual also showed a Neutral recommendation and a BRL 12.00 target in its October 2, 2026 update. Its analysis identifies production recovery, workovers and improved gas monetization as important variables, while hedging limits the immediate benefit from higher oil prices.

Stock remains below yearly high

RECV3 had a market capitalization of BRL 3.4 billion and volume of 1.65 million shares on October 6, 2026. The share traded within BRL 11.38 to BRL 11.76 during that session and remained 20.36 percent below its 52-week high of BRL 14.64.

Governance is another operating consideration. Valor Economico reported on September 24, 2026, that co-founder Troy Patrick Finney began a structured transition from his executive role, with completion planned for the fourth quarter of 2026.

BRL 11.66 was the latest quote

PetroReconcavo stock was last at BRL 11.66 on B3 on October 6, 2026, with the 52-week range at BRL 9.39 to BRL 14.64. The market is weighing strong first-half cash generation against production recovery and the limited 1.11 percent gap to the consensus target.