Overview
- Pemex said its first quarter of 2026 produced an operating result of $6.52 billion in EBITDA, a cash-flow proxy that excludes interest, taxes, depreciation, and amortization.
- The state oil firm reported a 7% cut to total debt and a 13% drop in the financial cost of that debt.
- Refining output for gasoline, diesel, and jet fuel rose 40%, which the company links to the Olmeca and Tula refineries and to a 23% fall in fuel imports.
- Pemex cited a 4% rise in domestic sales and more than 152 billion pesos paid to suppliers, pointing to steadier operations and improved relations with vendors.
- The company said net-income swings reflect accounting and currency effects rather than cash strain, while separate reporting notes net losses since late 2024 and heavy use of government support.