Petroreconcavo
Energy, Utilities & Waste · Brazil · 1K - 5K Employees
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Overview
Headquarters
Hangar Business Park Torre 6 Av. Luis Vi...Phone Number
+55 7136350200Website
www.petroreconcavo.com.brRevenue
$612.8 MillionStock Symbol
RECV3Industry
ZI Rank: 5
Signal Type
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ZI Rank
5
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About Petroreconcavo
Petroreconcavo, founded in 1997 in Bahia, Brazil, is a leading independent energy services company specializing in the operation and revitalization of mature onshore oil and natural gas fields. The company operates as both a concessionaire and operator across multiple locations in Brazil, managing oil and natural gas concessions. Petroreconcavo has developed specialized systems for revitalizing production in declining fields, establishing itself as a significant player in the Brazilian energy sector. With operations across South America, the company maintains a B2B business model focused on extending the productive life of mature energy assets.Explore more
Petroreconcavo Org Chart
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Company Profile Activity
Activity Insights
Petroreconcavo is experiencing very low activity levels compared to other companies in the Energy, Utilities & Waste sector.
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Petroreconcavo financials insights
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2021
Stock Offering
$221M
Petroreconcavo Tech Stack
A closer look at the technologies used by Petroreconcavo
Most Recent Scoops
Project
confirmed the presence of hydrocarbons and identified new zones with original pressures in the evaluation of 2 deep wells, expanding asset knowledge and long-term potential. Development plans for these reserves will be constructed over the coming years, applying the company's knowledge and technological capacity to achieve required economic levels.
Asset Management, Oil & Gas
Earnings
reported EBITDA of BRL 1.4 billion for fiscal year 2025, a decrease of 12% year-over-year, demonstrating the company's cash generation resilience despite a challenging macroeconomic environment.
Earnings, Business Finance, Finance
Earnings
reported a significant reduction in break-even cash cost in Q4 2025, a direct result of improvements in the company's cost structure. Quarter-over-quarter, break-even decreased by $1.1 per barrel, from $28.9 in Q3 2025 to $27.8 per barrel of oil equivalent in Q4 2025, driven primarily by reductions in lifting cost and midstream resulting from the Guamaré acquisition.
Earnings, Acquisitions, Finance
Earnings
maintained disciplined capital allocation, with BRL 263 million in dividends already distributed and another BRL 300 million declared, reinforcing the company's commitment to generating shareholder value.
Finance, Financial Operations
Project
Spending/Investment, Corporate Strategy
Petroreconcavo News & Media
Petroreconcavo SA (BSP:RECV3) Q4 2024 Earnings Call Highlights: Record EBITDA and Strategic ...
Petroreconcavo SA reports a record BRL1.6 billion EBITDA for 2024, while navigating increased costs and strategic investments to enhance future growth.Brazil's PetroReconcavo raises $201 million in share offering -local media | Reuters
Brazilian oil company PetroReconcavo SA raised 1.03 billion reais ($201 million) in its follow-on share offering on Tuesday, according to local newspaper Valor Economico.PetroRecôncavo's R$1032.5 Million Initial Public Offering
Skadden, Arps, Slate, Meagher & Flom LLP represented PetroRecôncavo S.A. in the transaction. PetroRecôncavo S.A. executed its R$1,032.5 million (US$190.9 million) (excluding the underwriters’ over-allotment option) primary …Brazilian oil company Petroreconcavo raises $221 million in IPO
Brazilian oil company Petroreconcavo priced its initial public offering at 14.75 reais per share, according to documents posted on the securities industry regulator CVM website.
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Frequently Asked Questions Regarding Petroreconcavo
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Petroreconcavo, founded in 1997 in Bahia, Brazil, is a leading independent energy services company specializing in the operation and revitalization of mature onshore oil and natural gas fields. The company operates as both a concessionaire and operator across multiple locations in Brazil, managing oil and natural gas concessions. Petroreconcavo has... Read More
