Brazil’s PetroReconcavo Posts 56% Q4 Profit Jump as Deep Wells Confirm Hydrocarbons in Record Year

2026-03-19 - 12:40

3 Key Points —PetroReconcavo posted net income of R$50.7 million ($10M) in Q4 2025, a 56% year-over-year increase, despite EBITDA declining 27% to R$295 million ($56M) and net revenue falling 17% to R$704 million ($135M) — a quarter where lower Brent prices pressured the top line but favorable FX and below-the-line items boosted the bottom