Petroleo Brasileiro SA Petrobras ADR Dossier
Outlook & Key Dates
Estimates, guidance, catalysts, and upcoming events
Analyst Estimates Learn more →
5-Yr Fwd EPS Growth
4.9%projected annual EPS growth
Analyst Coverage
14analysts covering
FY EPS (est.)
$0.77next fiscal year
Reporting Calendar
| Event | Expected Date |
|---|---|
| 3Q26 Production and Sales Report | 28 Oct 2026 |
| 3Q26 Financial Results Release | 10 Nov 2026 |
| 3Q26 Results Webcast and Conference Call | 11 Nov 2026 |
Monitoring Framework
Key Performance Indicators
Average Oil Production in Brazil (million bpd) Quarterly2.6Target: 2.5 (±4%)
Total Capital Expenditure (CAPEX) (billion USD) Annually5.1
Gross Debt (billion USD) Quarterly71.2Target: 67.0 by end of FY 2026, converging to 65.0
Refinery Utilization Factor Quarterly95.0%Target: >90%
Watch Items
- Brent Crude Oil PriceTrigger: Below $59/bbl (breakeven for net debt neutrality in 2026)Action: Re-evaluate capital expenditure budget and potential adjustments to the dividend distribution policy.
- Brazilian Government Intervention in Fuel PricingTrigger: Decoupling domestic fuel prices significantly from international parityAction: Assess impact on downstream refining margins and adjust cash flow projections.
- Gross Debt CeilingTrigger: Exceeding $75 billionAction: Initiate strict capital discipline measures and cost optimization to align with the 2026-30 Business Plan.
Research as of 2 Sep 2026