Go to Main Content

Fact Sheet

Corporate Profile

PetroReconcavo is an independent oil and gas operator in Brazil, specializing in the revitalization of onshore mature fields. The Company was one of the first private players to enter the sector following market liberalization through the Brazilian Petroleum Law of 1997, and was a pioneer in acquiring assets from Petrobras.

The Company adopts a vertical integration strategy, with its own fleet of rigs and internalized services, ensuring operational efficiency, safety, and autonomy. Its financial discipline, low leverage, and strong cash flow generation provide resilience against market volatility.

Operated concessions

Concessões Operadas

Potiguar Asset

31 concessions, 29 operated
3 exploratory blocks

Bahia Asset

26 operated concessions
3 exploratory blocks

25 Years

of operations

57

Concessions

27.3 Kboed

1Q25 average production

Key Metrics

Financial indicators (R$ Million) 1Q25 2024
Net Revenue 861 3.265
EBTIDA 424 1,643
EBTIDA Margin 49.2% 47.8%
Net Income 228 437
Lifting Cost (US$/boe) 13.93 13.60
Free Cash Flow Gneeration¹ 207 1,034
Balance Sheet (R$ Million) 1Q25 2024
Total Assets 7,455 7,438
Total liabilities 2,991 3,202
Total net equity 4,464 4,235
Debt 1Q25 2024
Net Debt 1,068 1,317
Lavarage 0.62 x 0.80 x
Average Cost of Debit 6.7% p.a. 6.7% p.a.
Average Debt Maturity 4 years 4 years
1. Cash flow from operations net of additions to property, plant and equipment and intangible assets.

2024 Reserves Certification

Certification by Netherland, Sewell & Associates, Inc. (NSAI) - PRMS Standard

Multiples 2024
2P Reserves (MMBOE) 183.8
1P Reserves (MMBOE) 145.8
Reserve Replacement Ratio (RRR)¹ 1.7 x
Future Reserve Development Cost² US$ 7.6/boe
PV10³ US$ 2.7 B
1P/2P Reserve Ratio&sup4; 79%
PDP/2P Reserve Ratio 34%
Gas Reserves / Total Reserves&sup4; 43%
1 - 2P reserves added during the period (boe) divided by accumulated production in the same period (boe); 2- Total investment (USD) divided by incremental reserves (2P minus PDP reserves, boe) according to the reserves report, we apply the national gas conversion factor of 5.615 MCF per 1 BOE; 3- Future net result discounted to present value using a 10% discount rate; 4- 1P reserves divided by 2P reserves, based on gross working interest; 5) 2P gas reserves (boe, using a conversion factor of 6,000 cubic feet per 1 barrel of oil equivalent) divided by total 2P reserves (oil + gas, in boe).

Ratings

Agency Rating Type Rating Rating Date Perspective
Moody's Local Brazil Corporate AA.br 10/11/2024 Stable
Moody's Local Brazil 2nd Issuance AA.br 10/11/2024 -
Moody's Local Brazil 1st Issuance AA.br 11/05/2024 -
Moody's Local Brazil 3rd Issuance AA.br 06/25/2025 -

Share performance

Last closing price: 14.31

  1Q25 Rating
EV/EBITDA 3.45 3.70
L/A (R$) 0.78 1.49
P/L 21.27 10.87
Market cap* (Million) 4,839 4,757
*Reference share price: 1Q25: R$ 16.49 as of March 31, 2025, and 2024: R$ 16.21 as of December 30, 2024.

Daily Trading Volume YTD Base 100

Daily Trading Volume YTD Base 100

Contact Information

Investor Relations