PRIO SA (BSP:PRIO3)
R$ 42.76 -0.53 (-1.22%) Market Cap: 34.85 Bil Enterprise Value: 51.65 Bil PE Ratio: 3.15 PB Ratio: 1.31 GF Score: 92/100
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Q4 2024 Prio SA Earnings Call (English, Portuguese) Transcript

Mar 14, 2025 / 07:00 PM GMT
Release Date Price: R$39.35 (+7.81%)

Key Points

Positve
  • PRIO SA (PTRRY) acquired a 40% stake in the Peregrino field, adding 40,000 barrels of oil to their production.
  • The company received a favorable arbitration decision regarding the Wahoo project, consolidating their interest in the field.
  • PRIO SA (PTRRY) repurchased 160 million shares and published their annual sustainability report.
  • The company posted revenues of $2 billion, with an EBITDA of $1.6 billion and a net income of $1.7 billion.
  • PRIO SA (PTRRY) increased their reserves by 28% due to the Peregrino and Wahoo deals.
Negative
  • The company faced significant delays in environmental licensing for the Wahoo project, impacting production timelines.
  • PRIO SA (PTRRY) experienced a natural decline in production and increased lifting costs due to fixed operating costs and reduced production.
  • The Peregrino field operates at a higher lifting cost, increasing the company's overall lifting cost to $11.1 per barrel.
  • The company faced operational challenges with equipment failures in the Albacora field, affecting production efficiency.
  • PRIO SA (PTRRY) saw a decline in production efficiency in several fields due to delays in drilling and environmental licensing issues.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PRIO3.SA - Prio SA
Q4 2024 Prio SA Earnings Call (English, Portuguese)
Mar 14, 2025 / 07:00PM GMT

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Presentation
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Unidentified_1 [1]
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Everyone, welcome to PR's 4th quarter 2024 video conference call. I am Jose Gustavo, IR manager, and I'll be your hosting this event. For those who want to follow us in English, we have simultaneous interpreting through the globe icon on the bottom of your Zoom screen. The translation presentation is available on our investor relations website.

The presentation and comments on the results will be presented by our CEO Roberto Montero, our CFO and our CEO. Francisco Franum.

After the presentation, they'll be available during the Q&A. At this time, all participants are in listen-only mood. To ask written questions, you can use the Q&A button or you can use the Zoom Ra hand feature to ask live questions. This event
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