On Tuesday, September 15, 2026, PetroReconcavo (RECV3) released an institutional presentation with data for the first half of 2026 (1H26). The company reported EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 706 million, net revenue of R$ 1.5 billion and net debt of R$ 1.4 billion, which represents leverage of 1.01x. Average production in the period was 24.2 thousand barrels of oil equivalent per day (kboe/d) and 2P reserves totaled 182.2 million barrels of oil equivalent (MMboe).
Regarding shareholder remuneration, PetroReconcavo highlighted the payment of R$ 200 million in IOE (interest on equity) in 1H26, an amount that includes R$ 100 million paid on May 27, 2026 and R$ 100 million paid on August 27, 2026.
The presentation also points to free cash flow generation, low leverage and the debt repayment schedule, with an average dollar-linked annual cost of 6.12% as of June 30, 2026 and a duration of 3.7 years. According to the material, the 2P reserves of 182.2 MMboe in 2025 ensure 19 years of production at the pace observed in 2025.
