Brazil’s PRIO Swings to $185M Loss on D&A and FX Hit

2026-03-11 - 10:23

3 Key Points —PRIO posted a Q4 net loss of $185 million, reversing a $1.07 billion profit a year earlier, as surging depreciation from the Peregrino field consolidation and a tax-base adjustment triggered by the real’s appreciation against the dollar overwhelmed strong operational gains. —Revenue jumped 20% to $642 million despite a 15% decline in