Ultrapar earns R$ 2.7 billion in Q3 26, driven by Ipiranga and biogas gains.
The Ultrapar reported robust financial performance in the third quarter of 2026, posting a net profit of R$ 2.7 billion. Consolidated net revenue reached R$ 44.4 billion, underscoring the strength of its fuel distribution and energy solutions businesses.
This impressive result reflects a blend of factors, including the operational efficiency of its subsidiaries and disciplined financial management. The company reaffirms its commitment to creating shareholder value without compromising its expansion and investment strategy.
Consolidated Performance and Financial Discipline
The holding’s balance sheet shows strong operating cash flow, totaling R$ 2.8 billion. Even after distributing R$ 1.1 billion in dividends and share buybacks, Ultrapar’s financial leverage remained controlled at 1.0× EBITDA.
Chief Financial Officer Alexandre Palhares highlighted the consistency of the results and the solidity of the capital structure. “We continue to deliver consistent results, supported by strong operational performance and financial discipline, with a very solid capital structure. This has enabled us to approve the distribution of R$ 1.1 billion in additional dividends for the quarter, reinforcing our commitment to combine business growth with value creation and shareholder returns,” he said.
Fuel Distribution Momentum and Energy Transition
The Ipiranga fuel distribution arm of Ultrapar showed vigor by expanding its commercialized volumes by 9% year‑over‑year, surpassing the market’s average growth. The network’s recurring adjusted EBITDA reached R$ 2.3 billion.
In the gas and new energies segment, Ultragaz saw its total LPG volume grow 3%. The subsidiary also expanded its role in the energy transition with initiatives focused on the biogas market, indicating the company’s strategy to diversify its energy portfolio.
Port Logistics and Movement
The Ultracargo, responsible for logistics infrastructure, reported an adjusted EBITDA of R$ 142 million, with a 16% increase in billed volume. Performance was driven by the maturation of expansions at strategic terminals and the launch of new capacities.
In contrast, Hidrovias do Brasil faced a contraction scenario, with an 8% decline in volumes from its ongoing operations. Lower demand for corn and fertilizer transport, along with operational restrictions, impacted the result, which was partially offset by higher throughput at the Port of Santos.
Ultrapar reaffirms its position as a significant player in the energy and logistics sector, with a clear strategy for sustainable growth and strong corporate governance, targeting both operational efficiency and expansion into new energy markets.