Petroreconcavo
Energy, Utilities & Waste · Brazil · 1K - 5K Employees
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Overview
Headquarters
Hangar Business Park Torre 6 Av. Luis Vi...Phone Number
+557136350261Website
www.petroreconcavo.com.brRevenue
$575.7 MillionStock Symbol
RECV3Industry
ZI Rank: 8
Signal Type
Mar
Apr
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Aug
ZI Rank
6
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8
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
GJ
Gerente De O & M
SC
Field Service Manager
CM
Executive Manager, Production (Bahia Asset)
WG
Supervisor
El
Supervisor Sonda De Completação
WR
Operations Supervisor
EC
Supervisor De Manutenção
LM
Supervisor De Produção
OM
Supervisor
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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 is drawing exceptional interest within the Energy, Utilities & Waste industry, suggesting notable developments or strong market momentum, learn more about Petroreconcavo.
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
Earnings
reported an average gas price realization of $10.26 per million BTU (equivalent to approximately $62 per barrel of oil equivalent) for Q2 2026, an increase of 10% quarter over quarter, though partially impacted by reduced natural gas liquids sales due to the UPGN Guamarê shutdown.
Earnings, Finance, Oil & Gas, Pricing
Earnings
reported net income of BRL 203 million for Q2 2026, an increase of 64% compared to Q1 2026 and a decrease of 15% compared to Q2 2025, significantly influenced by mark-to-market effects related to financial hedging instruments and swaps associated with the company's debt.
Earnings, Finance, Financial Operations, Financing & Debt
Earnings
reported free cash flow of BRL 74 million for Q2 2026, compared to BRL 80 million in Q1 2026, with the quarter-over-quarter reduction primarily attributable to approximately BRL 72 million in net interest and swap payments on debentures in Q2 versus BRL 15 million in Q1. Adjusted free cash flow, excluding interest seasonality effects, grew from BRL 38 million in Q3 2025 to BRL 146 million in Q2 2026.
Earnings, Finance
Earnings
reported a negative impact of BRL 89 million on revenue from the settlement of NDF hedge contracts in Q2 2026, while Zero-Cost Collar operations, which are not classified as hedge accounting, impacted the financial result by BRL 50 million from settled contracts in the quarter, in addition to mark-to-market effects on future contracts. No new hedge volumes were contracted during Q2 2026.
Accounting, Financial Reporting, Contracts, Finance, Financial Transactions
Earnings
Business Finance, Finance, Oil & Gas
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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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
