Prio S.A. (PTRRY) Q1 2026 Earnings Call Transcript
Prio S.A. (PTRRY) Q4 2025 Earnings Call Transcript
Prio S.A. (PTRRY) Analyst/Investor Day Transcript
Prio S.A. (OTCPK:PTRRY) Q3 2025 Earnings Call November 5, 2025 1:00 PM EST Company Participants Jose Costa - Investor Relations Manager Roberto Monteiro - CEO, Investor Relations Officer, Director & Member of Management Board Francilmar Fernandes - COO & Member of Management Board Milton Rangel - CFO & Member of Management Board Conference Call Participants Gabriel Coelho Barra - Citigroup Inc. Exchange Research Presentation Jose Costa Investor Relations Manager Good day, everyone, welcome to Prio's Third Quarter Video Conference call. I am Jose Gustavo, IR Manager, and I will be host of this event.
Prio remains the top pick in Brazilian "junior oil," with low lifting costs and a strong focus on mature field optimization. The long-awaited Wahoo Field license is poised to boost production by 40,000 bpd, with Prio targeting 150,000 bpd by 2026/2027. Despite external headwinds, Prio's solid fundamentals, low breakeven price, and efficient operations provide resilience against volatile Brent prices.
Prio's ADR has declined significantly this year due to falling oil prices and delays in drilling a key production field. This comes despite the company's low lifting costs. The Wahoo field's delayed production start, now expected in Q2 2025, and the Peregrino field acquisition are key future catalysts for Prio. Prio's share buyback program and low net debt position demonstrate management's confidence and financial strength, despite current market challenges.