- Petrobras’ second-quarter adjusted Ebitda was R$52.26 billion, falling short of the estimated R$56.94 billion.
- Despite missing on Ebitda, the net income surpassed expectations, reaching R$26.65 billion compared to the estimated R$21.83 billion.
- Sales for the quarter were R$119.13 billion, exceeding the forecast of R$114.6 billion.
- The adjusted Ebitda margin stood at 44%.
- The net debt to adjusted Ebitda ratio was 1.53 times, indicating the company’s leverage.
- Net debt was slightly lower than anticipated, at $58.56 billion against an estimate of $59.29 billion.
- Capital expenditure for the period amounted to $4.43 billion.
- The analyst ratings included 10 buys and 4 holds, with no sells reported.
A look at Petroleo Brasileiro Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
With a strong dividend score and solid value rating, Petroleo Brasileiro S.A. – Petrobras shows promise for long-term investors. Despite lower scores in growth and momentum, its resilience score indicates stability in uncertain times. Petrobras operates globally, exploring and producing oil and natural gas, refining, and distributing oil products. The company’s focus on dividends and value could be appealing to investors seeking consistent returns over time.
While Petroleo Brasileiro has room for improvement in growth and momentum, its high dividend and value scores suggest a steady long-term outlook. The company’s operations in South America and worldwide, including oil tankers, distribution pipelines, and power plants, provide a diverse revenue stream. Investors looking for a reliable investment with good dividend potential may find Petroleo Brasileiro an attractive option based on its Smart Scores profile.
The summary of the description of the company based on the provided information:
### Petroleo Brasileiro S.A. – Petrobras explores for and produces oil and natural gas. The Company refines, markets, and supplies oil products. Petrobras operates oil tankers, distribution pipelines, marine, river and lake terminals, thermal power plants, fertilizer plants, and petrochemical units. The Company operates in South America and elsewhere around the world. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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