Prio S.A. (PRIO3) Earnings Call Transcripts
Prio S.A.'s Latest Earnings Call - Q1 FY2026
In Q1 2026, Prio S.A. reported robust financial results, with revenue reaching $1.2 billion and net income of $450 million, driven by strong operational performance and favorable market conditions. The company achieved record production levels, particularly from the new Wahoo Field, which is producing 30,000 barrels daily. Management maintained its guidance for a net debt to EBITDA ratio of 1x by the end of 2027, signaling confidence in future cash flows despite a temporary increase in working capital due to accelerated receivables.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $1.2B (beat) |
| Net Income | $450M (beat) |
| EBITDA | $850M (beat) |
| Lifting Cost | $9.40 (beat) |
| Operating Efficiency | 95% (positive) |
| Net Debt to EBITDA Ratio | 2x (positive) |
Guidance from management
Management maintained its guidance for a net debt to EBITDA ratio of 1x by the end of 2027, despite current working capital pressures. They expect further improvements in lifting costs and production efficiency in the upcoming quarters.
What analysts pressed on
Analysts expressed concerns regarding the significant increase in accounts receivable, which could impact cash flow. There were also questions about the sustainability of production levels and the potential for future capital expenditures given the current market conditions.
Main topics on the call
- Record Production from Wahoo Field — The Wahoo Field commenced production with three wells online, achieving 30,000 barrels per day, exceeding initial expectations. CEO Roberto Monteiro stated, "It was a very consistent and excellent delivery by our team, a...
- Operational Efficiency Improvement — Prio achieved a record operating efficiency of 95% at Albacora Leste, with overall operational efficiencies across assets improving significantly. Monteiro noted, "We reached 95% operating efficiency at ABL. So we haven'...
- Lower Lifting Costs — The company's lifting cost fell to $9.40 per barrel, a significant reduction attributed to increased production from Wahoo and cost optimization at Peregrino. Monteiro highlighted, "We posted $9.4. We haven't seen this l...
- Strong Financial Performance — Prio reported EBITDA of $850 million, reflecting a strong margin of 76%. The CEO attributed this to both operational success and favorable market conditions, stating, "This was an exceptional quarter for the company, obv...
Read the full Prio S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Prio S.A.
Prio S.A. (PRIO3) is a publicly listed company in the Oil, Gas and Consumable Fuels industry, within the Energy sector. It trades on BOVESPA and is based in BR. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 26 calls on record spanning February 20, 2020 to August 5, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 26 Prio S.A. earnings call transcripts on record, spanning February 20, 2020 to August 5, 2026. Based on this history, Prio S.A. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PRIO3
- Exchange
- BOVESPA
- Country
- BR
- Sector
- Energy
- Industry
- Oil, Gas and Consumable Fuels
- Calls on record
- 26
- First call
- February 20, 2020
- Most recent
- August 5, 2026
- Reporting cadence
- quarterly