In brief

VibraVibra EnergiaOrganizationBrazil's largest fuel distributor, holder of the Petrobras brand at licensed stations and listed on B3.Open in the Market Map ↗ posted adjusted Ebitda of R$ 4.3 billion in 3Q26.

The result more than doubled in a year.

What we know

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  1. Verified fact · material

    VibraVibra EnergiaOrganizationBrazil's largest fuel distributor, holder of the Petrobras brand at licensed stations and listed on B3.Open in the Market Map ↗ posted adjusted Ebitda of about R$ 4.3 billion in 3Q26, versus R$ 1.8 billion in 3Q25.

    Ebitda.

    Sources[01][02]
  2. Verified fact · material

    The company net debt was R$ 14.4 billion at end-September.

    Debt.

    Sources[01][02]
  3. Verified fact

    According to CNN Brasil, net income was R$ 2.46 billion, up 504%.

    Profit.

    Sources[01]
  4. Verified fact

    According to Money Times, adjusted profit of R$ 2.4 billion beat the R$ 1.8 billion consensus.

    Consensus.

    Sources[02]

Transmission to assets

Market read-through

Inventory gains from rising prices tend not to repeat with oil falling.

Portfolio impact

01
VBBR3positive

Above-forecast result.

Price drop.

What would change the view: Firm margins.

direct15% confidence

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

Next signals

What to watch

  • Distribution margins
  • Diesel price

Limits of the reporting

What remains uncertain

  • Sources use different profit measures.

Full sources

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