Petrobras Swings to 15.6B Reais Q4 Profit, Tops $23.2B Revenue
Q4 EPS was $0.56 versus $0.57 estimate, while revenue reached $23.2B over $23B forecast. The company returned to a 15.6B reais profit from a prior 17B reais loss and approved an 8.1B reais equity payout.
1. Q4 EPS and Revenue
Petrobras posted fourth-quarter earnings per share of $0.56 against a $0.57 estimate, while revenue reached $23.2 billion, surpassing the $23 billion forecast and highlighting robust sales across its refining and distribution segments.
2. Profit Turnaround
The company reversed a prior-year Q4 net loss of 17 billion reais to record a net profit of 15.6 billion reais (approximately $3 billion), driven by improved margins and operational efficiency.
3. Equity Payout
The board approved distribution of 8.1 billion reais (about $1.54 billion) in interest on equity, equating to 0.63 real per share and delivering an earnings yield near 13.3% for investors.
4. Valuation Metrics
Key valuation ratios stand at a price-to-earnings of 7.5, price-to-sales of 1.21, enterprise value-to-sales of 1.93, EV/operating cash flow of 4.88, debt-to-equity of 0.89 and a current ratio of 0.82, reflecting balanced leverage and liquidity.