Petrobras (PETR4) reported a profit of R$ 39.8 bn in 3Q26 and announced the purchase of 70% of Logum for R$ 620 mn. The company also raised its production guidance to 3.3 to 3.4 mn barrels of oil equivalent per day (boed) and approved shareholder compensation of R$ 1.19 per share (PETR3 and PETR4).

At Cosan (CSAN3), the company started the succession of CEO Marcelo Martins, with Penin taking over, and reported a profit of R$ 190 mn in 3Q26. The company confirmed talks about a partial sale of Rumo (RAIL3) and said it has not approved the sale of 25% of Compass. Rumo posted a profit of R$ 439 mn in the quarter, up 5.6%, and approved Daniel Rockenbach as permanent Chief Executive Officer. At Banco do Brasil (BBAS3), the 2026 payout (share of profit distributed to shareholders) was reduced from 30% to 25%, and adjusted profit totaled R$ 8.6 bn in 9M26. Braskem (BRKM5) did not pay R$ 1.2 bn in debentures, cited judicial reorganization, and said negotiations with creditors are still ongoing; the company reported a loss of R$ 1.1 bn in 3Q26.

It was also a week of 3Q26 earnings and share buybacks. BTG Pactual (BPAC11) reported a profit of R$ 5.3 bn and approved a buyback of up to R$ 2 bn. Cyrela (CYRE3) canceled 32 mn shares and approved a new buyback. Cogna (COGN3), Minerva (BEEF3), Jalles Machado (JALL3) and Armac (ARML3) also approved buyback programs. Among companies posting losses, CSN (CSNA3) reported R$ 1.2 bn, Americanas (AMER3) R$ 955 mn and Minerva (BEEF3) R$ 717.3 mn. Casas Bahia (BHIA3) postponed its earnings release and Oncoclínicas (ONCO3) postponed its ITR (quarterly information form) by decision of an independent committee.

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