Q1 2026 Ultrapar Participacoes SA Earnings Call Transcript

May 7, 2026 / 02:00 PM GMT

Release Date Price: €4.84 (-0.41%)

Transcript

Key Points

Positve

Ultrapar Participacoes SA (UGP) reported a significant increase in net income for the quarter, reaching 914 million reais, which is an increase of 551 million reais compared to the same period last year.
The company achieved a reduction in leverage from 1.7 times to 1.5 times, indicating improved financial stability.
Ipiranga, a subsidiary of Ultrapar, saw an 8% increase in total volume sold, reflecting a gradual recovery of the market and improved operational performance.
Ultracargo completed expansions at its Rondonopolis and OPLA bases, adding 25,000 cubic meters of capacity, which supports future growth.
The company published its 2025 Sustainability Report and introduced a new 2030 Sustainability Plan, demonstrating a commitment to long-term value creation and corporate sustainability.

Negative

Ultrapar Participacoes SA (UGP) faced significant working capital requirements, exceeding 2 billion reais, due to increased fuel prices and higher imported volumes.
The company experienced operational challenges in the northern corridor and less favorable navigability conditions in the south, impacting Hydrovias' performance.
Ultragaz's EBITDA decreased by 2% compared to the same period last year, reflecting higher LPG costs and a reduction in other operating results.
The conflict in Iran and the resulting volatility in international fuel prices posed challenges to the company's operations and financial performance.
Hydrovias reported a 23% decrease in total volumes handled compared to the same period last year, due to one-off challenges and the sale of the coastal navigation operation.

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

UGPA3.SA - Ultrapar Participacoes SA
Q1 2026 Ultrapar Participacoes SA Earnings Call
May 07, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

Thank you for waiting. Welcome to the earnings release call of Ultrapar to discuss the results of the first quarter 2026.

The presentation will be delivered by Mr. Rodrigo Pisenado, CEO of Ultrapar and by Alessandri Pallares, CFO of Ultrapar.

Our question-and-answer session will also have. With us, Leonardo Linden, CEO of Vipiranga, Tabajara Bertelli, CEO of Ultragas, and Fulvius Tomalin, CEO of Ultracargo.

This call is being recorded and will be accessed by the website ri.ultra.com.br.

After the presentation, we are going to start the question-and-answer session when further instructions will be provided.

We'd like to let you know that this call is

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