ULTRAPAR HOLDINGS INC (UGP) Form 6-K — Aug 12, 2026
Ultrapar Participações S.A. (NYSE: UGP / B3: UGPA3) filed its 2Q26 results via 6-K on August 12, 2026, reporting net revenue of R$ 41.5 billion (+22% YoY) and net income of R$ 1,677 million (+46% YoY), with 1H26 net income up 71% to R$ 2,591 million. Recurring adjusted EBITDA surged 149% year over year to R$ 3,657 million, driven primarily by Ipiranga, while operating cash generation hit a record R$ 4,789 million. Leverage fell to 0.9x net debt/EBITDA — the lowest since 2008 — with net debt down to R$ 8,864 million from R$ 12,148 million at year-end 2025.
Key figures
- Eps
- R$ 1.4475 basic, 2Q26 continuing operations; R$ 1.0001 total basic in 2Q25
- Revenue
- R$ 41,521 million (2Q26 net revenue; R$ 78,273 million for 1H26)
- Net Income
- R$ 1,677 million (2Q26, +46% YoY); R$ 2,591 million (1H26, +71% YoY vs R$ 1,514 million in 1H25)
- Total Debt
- R$ 17,863,004 thousand financing and debentures (carrying value); gross debt and leases R$ 19,563,366 thousand; net debt R$ 8,864,046 thousand
- Revenue Yoy
- +22% vs 2Q25 (R$ 34,088 million)
- Cash Position
- R$ 4,644,834 thousand cash and cash equivalents (06/30/2026, consolidated) plus R$ 6,042,430 thousand financial investments; R$ 9,250,766 thousand in cash plus short-term investments
- Shares Outstanding
- 1,115,849,873 common shares (06/30/2026)
- Leverage
- 0.9x net debt/EBITDA, lowest since 2008 (1.1x including supplier draft-discount effect)
- Share price b3
- R$ 26.06 at 06/30/2026 (vs R$ 20.90 at 12/31/2025)
- Hidrovias stake
- 63.38% (vs 58.72% at 12/31/2025)
- Treasury shares
- 25,102,398 unrestricted shares at average cost of R$ 17.58
- Virtu gnl stake
- 43.75% acquired for R$ 104 million (January 2026)
- Buyback executed
- 577,500 shares at average R$ 25.31 through June 30, 2026
- Investments 2q26
- R$ 517 million
- Dividend per share
- R$ 1.00 (R$ 1,085,945 thousand total; ~3.8% yield; payable from Sept 3, 2026; record date Aug 24, 2026 B3 / Aug 26, 2026 NYSE)
- Net debt to equity
- 44.26% (vs 68.52% at 12/31/2025)
- Adjusted ebitda 2q26
- R$ 3,524 million (+70% YoY)
- Buyback authorization
- up to 18,000,000 common shares over 12 months from June 18, 2026
- Operating cash flow 2q26
- R$ 4,789 million (record, vs R$ 939 million in 2Q25); 1H26 R$ 5,891 million (+526% YoY)
- Recurring adjusted ebitda 2q26
- R$ 3,657 million (+149% YoY; +58% vs 1Q26)
AI analysis
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