PBR-A
Petróleo Brasileiro S.A. - Petrobras
PBR-A lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
PBR-A Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Strong |
PBR-A's revenue, profitability, cash flow and balance sheet are all currently healthy.
PBR-A PE Valuation
PBR-A has no meaningful PE right now: it lost money over the past year.
PBR-A Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect PBR-A's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
PBR-A Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $3.12 | +162% |
| Q3 2025 | $2.26 | -12% |
| Q2 2025 | $2.22 | -11% |
| Q1 2025 | $1.41 | -59% |
| Q4 2024 | $1.19 | -69% |
| Q3 2024 | $2.58 | -37% |
| Q2 2024 | $2.50 | -46% |
| Q1 2024 | $3.44 | -37% |
PBR-A's earnings per share have fallen from their peak: $3.12 over the past year, against $5.61 in late 2022. Its recent earnings include one-off gains.
PBR-A Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $33.6B | +60% |
| Q1 2026 | $123.7B | +487% |
| Q4 2025 | $23.6B | +13% |
| Q3 2025 | $23.5B | +0.5% |
| Q2 2025 | $21B | -10% |
| Q1 2025 | $21.1B | -11% |
| Q4 2024 | $20.8B | -23% |
| Q3 2024 | $23.4B | -8.6% |
PBR-A's revenue has grown year over year for four quarters in a row: $33.6B last quarter, up 60% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 42% | +16 points |
| Q1 2026 | 33% | -1.6 points |
| Q4 2025 | 31% | +24 points |
| Q3 2025 | 33% | -4.4 points |
| Q2 2025 | 26% | -1.5 points |
| Q1 2025 | 35% | -2.8 points |
| Q4 2024 | 6.1% | -28 points |
| Q3 2024 | 37% | -1.7 points |
PBR-A's operating margin was 42% last quarter, up 16 points from the same quarter a year ago.
PBR-A Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $7.3B | +111% |
| Q1 2026 | $3.3B | -28% |
| Q4 2025 | $3.2B | -15% |
| Q3 2025 | $5B | -28% |
| Q2 2025 | $3.4B | -44% |
| Q1 2025 | $4.5B | -31% |
| Q4 2024 | $3.8B | -53% |
| Q3 2024 | $6.9B | -18% |
PBR-A still generates free cash flow, though less than at its 2022 peak: $18.7B over the past year.
PBR-A Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | -1.2% | -77.7M shares |
| 5 years | -1.2% | -77.7M shares |
| Available history | -1.2% | -77.7M shares |
PBR-A has 6.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
PBR-A hasn't bought back shares in the past year.
PBR-A Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | 1.7x | Healthy |
| Q1 2025 | 2.0x | Moderate |
| Q4 2024 | 2.1x | Moderate |
| Q3 2024 | 1.4x | Healthy |
PBR-A's net debt is less than a year of its operating earnings (EBITDA), down from 1.7 years a year ago.
PBR-A Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.7 | Neutral |
| Stochastic | 18.4 | Oversold |
PBR-A's weekly RSI is 43 (neutral) and its Stochastic is 18 (oversold).
PBR-A PE vs Energy Sector
PBR-A has no meaningful PE right now: it lost money over the past year.
PBR-A Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.9 | 20% below |
| 20 week MA | $18.1 | 12% below |
| 50 week MA | $16.5 | 4% below |
| 100 week MA | $14.1 | 12% above |
| 200 week MA | $13.6 | 16% above |
PBR-A has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 16% above its 200-week average.
PBR-A Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.0 | $10.8 | -28% |
| 2021 | $10.8 | $9.96 | -7.9% |
| 2022 | $9.96 | $9.81 | -1.5% |
| 2023 | $9.81 | $15.3 | +56% |
| 2024 | $15.3 | $11.6 | -24% |
| 2025 | $11.6 | $11.0 | -4.8% |
| 2026 YTD | $11.0 | $15.8 | +44% |
PBR-A is up 44% so far in 2026, after finishing lower in five of the previous six years.