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Earnings transcript
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PBR
Petróleo Brasileiro S.A. – Petrobras
$21.08
-0.08
(-0.38%)
| Exchange: | NYSE |
| Market Cap: | 135.847B |
| Shares Outstanding: | 2.537B |
Delayed data
About The Company
| Sector: | EnergyView sector performance | |||||
| Industry: | Oil & Gas IntegratedView industry performance | |||||
| CEO: | Magda Maria de Regina Chambriard | |||||
| Full Time Employees: | 50687 | |||||
| Address: |
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| Website: | https://petrobras.com.br |
Brazilian energy giant Petróleo Brasileiro S.A. (Petrobras) is deeply involved in the global oil and gas industry, conducting exploration, production, and sales activities both within Brazil and internationally. The company’s diverse operations are organized into four primary business segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Businesses. Overall, Petrobras’s activities span the entire hydrocarbon value chain. This includes the search for and extraction of crude oil from various sources—onshore, offshore, and unconventional formations like shale—along with its subsequent refining, processing, trading, and distribution. The company also manages natural gas, other liquid hydrocarbons, and refined petroleum products. Specifically, the Exploration and Production division focuses on discovering, developing, and extracting crude oil, natural gas liquids, and natural gas, primarily to supply the company’s domestic refineries. The Refining, Transportation, and Marketing segment handles the refining, logistics, transport, commercialization, and trading of crude oil and various refined petroleum products. This unit is also responsible for ethanol exports, the extraction and processing of shale, and holds equity interests in petrochemical companies. The Gas and Power segment manages the logistics and trading of natural gas and electricity, including the transportation and commercialization of Liquefied Natural Gas (LNG). It generates electricity via thermoelectric power plants, holds stakes in natural gas transmission and distribution networks, and is engaged in both fertilizer manufacturing and natural gas processing. Finally, the Corporate and Other Businesses segment is dedicated to the production of biodiesel and its associated co-products, as well as ethanol, in addition to the distribution of various petroleum products. Petrobras was established in 1953 and its corporate headquarters are located in Rio de Janeiro, Brazil.
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Revenue Segmentation
Revenue by type
Revenue by region
PBR full analysis
Hey everyone, welcome back to MarketSnap. Petrobras looks like one of the cheapest stocks on the entire tape — a four-something price-to-earnings ratio, a dividend yield north of seven percent, and a stock that's up more than sixty percent over the past year. That combination screams opportunity to a lot of investors. But here's the thing — cheap can be a trap, especially when the government owns the company and sets the price of the product. So in this video,…
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 105,541,835.883 | 91,416,000 | 88,104,423 |
| Gross Profit | 55,643,668.452 | 45,972,000 | 38,006,884 |
| EBITDA | 55,319,537.429 | 27,462,000 | 46,169,022 |
| Operating Income | 47,493,145.890 | 25,691,000 | 27,641,515 |
| Net Income | 25,686,133.044 | 7,528,000 | 19,712,564 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 217,067,000 | 181,645,000 | 223,278,763 |
| Total Liabilities | 138,092,000 | 122,295,000 | 147,065,630 |
| Total Stockholders Equity | 78,583,000 | 59,106,000 | 75,884,436 |
| Total Debt | 62,600,000 | 60,311,000 | 70,087,787 |
| Cash and Cash Equivalents | 12,727,000 | 3,271,000 | 6,498,759 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 43,212,000 | 36,087,900 | 36,562,454 |
| Capital Expenditure | -12,075,364.328 | -14,812,978 | -19,841,218 |
| Free Cash Flow | 31,098,000 | 21,274,921 | 16,721,237 |
| Net Income | 25,686,133.044 | 7,605,000 | 20,186,341 |
| Net Change in Cash | 4,731,000 | -9,456,000 | 2,802,234 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 102,383,235.659 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 132,555,888.249 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 117,228,694.008 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 53,540,181.202 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 67,690,985.457 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 60,502,634.744 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 24,370,467.465 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 34,131,749.404 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 29,173,196.044 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 7,210,586.349 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 9,335,568.193 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 8,256,113.565 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 4.530 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 5.300 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.780 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 4 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Cash Generation: Petrobras reported generating over BRL 200 million in cash during 2024, as highlighted in the latest earnings call transcript. This strong cash flow supports financial stability and the ability to fund operations and investments.
- Significant Dividend Payouts: The company paid BRL 102 million in dividends in 2024, reflecting a commitment to shareholder returns and an attractive dividend yield (as per Key Metrics TTM data), which may appeal to income-focused investors.
- Operational Scale: With a substantial market capitalization and a large workforce (as per Company Profile data), Petrobras maintains a dominant position in the energy sector, particularly within Brazil, providing economies of scale and operational resilience.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates PBR intrinsic value between $23.86 – $42.41 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about PBR valuation
Is Petróleo Brasileiro S.A. - Petrobras (PBR) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Petróleo Brasileiro S.A. - Petrobras (PBR) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PBR a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PBR trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PBR’s P/E ratio?
You can see PBR’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PBR?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PBR a good long-term investment?
Whether PBR fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PBR
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Daily snapshot
-0.38
Trading Metrics:
| Open: | 21.08 | Previous Close: | 21.16 | |
| Day Low: | 20.59 | Day High: | 21.22 | |
| Year Low: | 11.43 | Year High: | 26.39 | |
| Price Avg 50: | 22.03 | Price Avg 200: | 19.18 | |
| Volume: | 20.923M | Average Volume: | 20.88M |
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