Petrobras To Report Better-Than-Expected 2Q’16 Results On The Back Of Higher Production And Price Realizations
Petroleo Brasileiro Petrobras (NYSE:PBR), the Brazil-based integrated energy company, is slated to release its June quarter financial results on 11th August 2016. [1] We expect the oil and gas major to report better-than-expected revenue on the back of the sharp recovery in commodity prices over the last quarter. This improvement is likely to result in higher price realizations for the company, which will, in turn, strengthen its top line.
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Further, the company estimates a growth of 8% in its oil production during the second quarter. This, too, will complement the E&P company’s revenue as well as bottom line for the quarter.
Source: Petrobras’ Meeting With Investors, 11th July 2016
Have more questions about Petrobras (NYSE:PBR)? See the links below:
- Here’s Why We Revised Petrobras’ Price Estimate To $11 Per Share
- Petrobras Q1 Earnings: Revenues And Earnings Suffer Due To Low Oil Price Environment, Company Cuts Capex
- How Are Petrobras’ Revenue & EBITDA Composition Expected To Change By 2020?
- What’s Petrobras’ Revenue & Earnings Breakdown In Terms of Different Products?
- What’s Petrobras’ Fundamental Value Based On Expected 2016 Results?
- How Is Petrobras’ Revenue & EBITDA Composition Expected To Change in 2016?
- By What Percentage Can Petrobras’ Revenues Grow Over the Next Five Years?
Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Petrobras
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Notes:- Petrobras To Announces Second Quarter 2016 Results, 27th July 2016, www.petrobras.com [↩]