Ultrapar Posts Record Net Income and Cash Flow in Q2 2026

Earnings
โดย GuruFocus·BR·Read original
Summary · why it matters

Ultrapar Participacoes SA reported record net income of BRL1.677 billion for the second quarter of 2026, up 46% year-over-year, alongside record operating cash flow of BRL4.789 billion. Recurring adjusted EBITDA reached BRL3.657 billion, reflecting improved results across all businesses, while net debt fell to BRL8.864 billion with leverage at 0.9 times, the lowest since 2008. The company approved a dividend distribution of BRL1.85 billion for the first half, equivalent to BRL1 per share or a 3.8% yield. Ipiranga's total volume sold rose 8% to 6.173 million cubic meters, with recurring EBITDA of BRL2.782 billion and a margin of BRL451 per cubic meter, while Ultragaz LPG volume declined 3% but recurring EBITDA increased 6% to BRL468 million. Ultracargo's adjusted EBITDA grew 13% to BRL159 million, and Hidrovias' recurring adjusted EBITDA fell 8% to BRL322 million, partly due to the sale of its coastal navigation operation.

Impact on stocks 1

Energy▲ · 1 stocks

Off-coverage companies 3

Ipiranga Produtos de PetroleoPrivate▲ Positive
Demandrelevance

Ipiranga's total volume sold rose 8% to 6.173 million cubic meters, with recurring EBITDA of BRL2.782 billion.

UltracargoPrivate▲ Positive
Capitalrelevance

Ultracargo's adjusted EBITDA grew 13% to BRL159 million, contributing to record results.

Hidrovias do Brasil S.A.Private▼ Negative
Capitalrelevance

Hidrovias' recurring adjusted EBITDA fell 8% to BRL322 million, partly due to sale of coastal navigation operation.

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