In brief

Ultrapar earned R$ 2.7 billion in 3Q26, up 249%, partly from tax credits.

The company will pay R$ 1.08 billion in dividends.

What we know

04

  1. Verified fact · material

    Ultrapar posted net income of R$ 2.697 billion in 3Q26, up 249% year on year.

    Profit jump.

    Sources[01][02]

  2. Verified fact · material

    Recurring adjusted Ebitda was R$ 3.1 billion, up 74%.

    Operating improvement.

    Sources[01][02]

  3. Verified fact · material

    The company will pay R$ 1.085 billion in dividends, about R$ 1 per share, with a Nov 23 record date and Dec 3 payment.

    Shareholder return.

    Sources[01][03]

  4. Verified fact

    CNN attributes part of the profit to one-off tax credits; total adjusted Ebitda was R$ 4.632 billion.

    One-off effect.

    Sources[02]

Transmission to assets

Market read-through

Profit includes one-offs; the recurring line also improved.

Portfolio impact

01
UGPA3positive

Profit and dividends.

Positive effect.

What would change the view: Sustained recurring.

direct45% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • Ipiranga margins
  • Dividend record date

Limits of the reporting

What remains uncertain

  • The weight of tax credits in profit was not detailed in the sources.

Full sources

03
01
InfoMoneyUltra (UGPA3): lucro sobe 249% e vai a R$ 2,7 bi no 3T; pagará dividendo de R$ 1independent newsroom
02
CNN Brasil MoneyUltrapar apresentou lucro líquido de R$ 2,697 bilhões no terceiro trimestreindependent newsroom
03
Seu DinheiroUltrapar (UGPA3) pagará mais de R$ 1 bilhão em dividendosindependent newsroom
06