Brazil's Petrobras posts 49% increase in Q1 net profit
RIO DE JANEIRO, May 12 (Reuters) - Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab posted on Monday a net profit of 35.2 billion reais ($6.21 billion) for the first quarter, up 48.6% from a year earlier.
Petrobras' adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) stood at 61 billion reais, a 1.7% increase over the same period of 2024. Without non-recurring effects, adjusted EBITDA stood at 62.3 billion reais, Petrobras said.
Analysts polled by LSEG had expected a 62.9 billion real EBITDA.
Net revenue for the firm rose 4.6% to 123.1 billion reais, slightly below the 124.9 billion reais expected by analysts.
Capex for the first quarter of this year came in at $4.1 billion.
($1 = 5.6699 reais)
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