Petrobras stock gains 1.83 percent as Q2 beat holds

Petrobras stock gained 1.83 percent to USD 21.14 on the NYSE ADR market on September 24, 2026, while the second-quarter earnings beat added a clear operating backdrop. As The Rio Times reported on September 24, 2026, Petrobras was among the strongest regional gainers.

Revenue jumps in Q2 2026

Petrobras reported second-quarter 2026 revenue of USD 33.61 billion, up 59.8 percent from the prior-year quarter. Earnings per ADS reached USD 1.72 against a Zacks consensus estimate of USD 1.52, a 13.2 percent beat, according to Yahoo Finance in its September 24, 2026 update.

The earnings mix is important because adjusted EBITDA excluding one-off events reached USD 19.96 billion, 95.1 percent above the level from a year earlier. That combination gives the current share move more substance than a price reaction alone.

Analyst target reaches USD 23

UBS raised its Petrobras price target from USD 22.00 to USD 23.00 and maintained a Buy rating in a report dated September 23, 2026, according to MarketBeat. The new target is USD 1.86 above the September 24 price, equivalent to 8.8 percent above USD 21.14.

Petrobras also carries a wide trading frame: the 52-week range is USD 11.43 to USD 22.24 as of September 24, 2026. The latest quote is 4.9 percent below the yearly high, leaving the market to weigh record earnings against the remaining distance to that level.

Petrobras stock stays near yearly high

Petrobras stock was trading at USD 21.14 on the NYSE on September 24, 2026, up USD 0.38 from the prior close. Market capitalization stood at USD 136.233 billion, while the daily range ran from USD 20.98 to USD 21.43.