PRIO 2QFY26 net income rises 169% to US$ 413 million; revenue more than doubles to US$ 1.4 billion

Reuters2026/08/04 21:49

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PRIO posted 2Q26 net income of US$ 413 million, up 169% from 2Q25.
Revenue rose to US$ 1.4 billion, up 184% from 2Q25, on 15 million barrels sold and a US$ 94.60/bbl Brent reference price.
Adjusted EBITDA (ex-IFRS 16) climbed to US$ 879 million, up 218% from 2Q25, as lifting cost fell to US$ 8.9/bbl.
Net leverage ended the quarter at 1.5x net debt/adjusted EBITDA; the company repurchased 9 million shares.
Operations included Wahoo reaching 40 kbpd, record companywide output of 172 kbpd, and Peregrino’s first direct offload to a VLCC.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PRIO SA published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PRIO 2QFY26 net income rises 169% to US$ 413 million; revenue more than doubles to US$ 1.4 billion

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