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Prio (PRIO3) investor relations material
Prio Corporate presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic positioning and growth
Largest independent oil and gas producer in Brazil, focused on value creation through cost reduction and revitalization of mature fields.
Demonstrated expertise in redeveloping fields and a strong M&A track record, with recent acquisitions expanding reserves and production.
Technical team recognized as an A-Operator by ANP and strong governance, attracting capital and enabling operational synergies.
Asset portfolio and production
Key assets include 100% stakes in Polvo, Tubarão Martelo, and Frade, 90% in Albacora Leste, and 80% in Peregrino, with Peregrino expected to reach 100% in 2026.
1Q26 production: 32.7 kbpd (Valente), 15.8 kbpd (Bravo), 26.4 kbpd (Albacora Leste), 80.3 kbpd (Peregrino), totaling 155.4 kbpd net.
Recent Peregrino acquisition added 40,000 bpd, boosting total output above 150,000 bpd.
Operational efficiency and cost management
Continuous reduction in lifting costs, reaching single-digit levels in 1Q26 due to operational optimization and new production from Wahoo and Peregrino.
Significant cost rationalization across assets, with Polvo, Frade, Tubarão Martelo, and Albacora Leste all showing major OPEX reductions.
High operational efficiency: 99.3% (Valente), 98.8% (Bravo), 95.4% (Albacora Leste), 97.7% (Peregrino) in 1Q26.
- Record output and cost discipline drove strong revenue and profit growth in Q1 2026.PRIO3
Q1 20266 May 2026 - Record output and Peregrino boost offset lower Brent; Wahoo first oil imminent.PRIO3
Q4 202527 Apr 2026 - Production to reach 200,000 bbl/day in 2026, with cost cuts, tech upgrades, and new returns plan.PRIO3
Investor Day 20253 Feb 2026 - Revenue and profit dropped sharply, but cash and leverage remain strong after Peregrino advances.PRIO3
Q3 20243 Feb 2026 - Adjusted EBITDA rose 64% YoY, with 89.8k bpd output and low leverage despite licensing delays.PRIO3
Q2 20242 Feb 2026 - Revenue up 22% to US$607M; Peregrino's shutdown raised costs, but growth prospects strong.PRIO3
Q3 202519 Dec 2025 - Net income surged on US$2.4B revenue as reserves and production grew despite rising costs.PRIO3
Q4 20242 Dec 2025 - Record output, but profit and margins fell on lower Brent and Peregrino costs.PRIO3
Q2 202523 Nov 2025 - Record sales and net income growth fueled by Peregrino acquisition and operational gains.PRIO3
Q1 202519 Nov 2025
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