Prio stock falls 1.14 percent as oil prices retreat

Published on 10/01/2026 at 15:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Prio stock stood at BRL 60.90 on October 1, 2026, below its BRL 72.98 high. Output reached 172,000 barrels per day.

Prio, BRPRIOACNOR1, Illustration mit AI erstellt.

Prio (BRPRIOACNOR1) fell 1.14 percent to BRL 60.90 on B3 on October 1, 2026, as oil prices retreated during stalled Iran talks, Rio Times reported. The move leaves the stock below its BRL 72.98 52-week high, while the company remains tied closely to offshore production and crude prices.

Oil exposure meets a stronger output base

Prio's second-quarter operating figures provide the main counterweight to the market decline. According to Investing.com, production reached a record 172,000 barrels per day in the second quarter of 2026, while EBITDA reached USD 847 million and rose 218 percent from a year earlier.

The same second-quarter summary put net debt at 1.5 times EBITDA, down from 2.0 times in the prior quarter. That comparison matters because production growth is improving the operating base while leverage is moving in the opposite direction.

Revenue came below the forecast

Prio reported USD 6.77 billion in revenue for the second quarter of 2026, compared with a USD 6.82 billion forecast, according to Investing.com. Earnings per share came in at USD 2.46 against a USD 2.62 forecast, while the earnings-call summary cited a USD 2.59 adjusted figure against a USD 2.62 estimate.

Management also set 2026 capital-expenditure guidance at USD 600 million. The report cited a 12 percent export tax that cost Prio USD 113.9 million in the second quarter, showing how Brazilian regulation can offset part of the operating improvement.

Next results are due November 4

Prio's investor-relations page identifies the second-quarter earnings release as August 4, 2026, and the next reporting date listed by Investing.com is November 4, 2026. For investors, the next update will put production growth, export-tax costs and capital spending alongside the oil-price backdrop.