PETROBRAS Reports First Quarter Results for FY2023 Ending May 12 2023
May 31, 2023
🌥️Earnings Overview
On March 31, 2023, PETROLEO BRASILEIRO SA PETROBRAS ($NYSE:PBR.A) reported the financial results for the first quarter of fiscal year 2023, which ended on May 12, 2023. Total revenue was USD 26.8 billion, showing a 1.5% decrease compared to the same quarter of the prior year. Net income, meanwhile, dropped 14.7% year-over-year to USD 7.3 billion.
Price History
On Friday, PETROLEO BRASILEIRO SA PETROBRAS reported its first quarter results for FY2023 ending May 12 2023. The stock opened at $10.4 and closed at $10.7, up 4.1% from the prior closing price of $10.2. This increase reflects the positive sentiment and investor confidence in the company’s performance. The first quarter results indicate that PETROBRAS has continued its steady growth trend despite the challenging economic environment.
The company also reported an increase in its liquid asset holdings and cash flow, highlighting the resilience of its operations and financial performance. Overall, the first quarter results for PETROBRAS show a strong financial performance with steady growth, despite the challenging external environment. This is a positive sign for investors as it indicates that the company is well-positioned to continue to deliver robust returns in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PBR.A. More…
| Total Revenues | Net Income | Net Margin |
| 124.06k | 35.36k | 31.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PBR.A. More…
| Operations | Investing | Financing |
| 49.76k | -548 | -55.28k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PBR.A. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 192.62k | 113.21k | 12.13 |
Key Ratios Snapshot
Some of the financial key ratios for PBR.A are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.3% | 41.5% | 44.1% |
| FCF Margin | ROE | ROA |
| 32.3% | 46.0% | 17.8% |
Analysis
At GoodWhale, we recently completed a comprehensive analysis of PETROLEO BRASILEIRO SA PETROBRAS’s financials. Based on our Risk Rating system, we determined that this would be rated as a medium risk investment with respect to financial and business aspects. In addition, our analysis identified two warning signs in PETROLEO BRASILEIRO SA PETROBRAS’s income sheet and balance sheet. If you’re interested in learning more about these risks, or any other aspect of this company’s financials, please register with us on goodwhale.com. Our analysts are standing by, ready to help you make informed decisions regarding your investments. More…
Summary
Investing in PETROLEO BRASILEIRO SA PETROBRAS (PETROBRAS) may be a good opportunity for investors. The company recently reported first quarter results ending May 12 2023, with total revenue of USD 26.8 billion, a 1.5% decrease from the same period in the previous year. Net income dropped 14.7% to USD 7.3 billion year over year.
Despite the decreased income, PETROBRAS’ stock price moved up the same day showing investors remain optimistic about long-term prospects. With Brazil’s recovering economy, investors may be willing to take on risk in PETROBRAS, believing the company will benefit from increased demand and rising prices of commodities.
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