Overview
- Petroperú, which reported the results on Monday, posted a net profit of US$208.4 million and an EBITDA of US$395 million for January–April 2026.
- Management attributes the swing to a 45.4% drop in cost of sales driven by value‑chain optimization, tighter inventory control, and supply‑chain efficiencies.
- The refiner has stepped up exports as a revenue strategy, shipping about 19,000 metric tons of sulfuric acid to Chile in its fourth such export and moving more than one million barrels of fuels and derivatives since 2025.
- Recent frictions with ProInversión over managerial changes led to a meeting and a joint communiqué, and Petroperú has publicly pushed a more open management stance to strengthen governance and transparency.
- Credit watchers remain cautious because S&P keeps a negative outlook over unclear operational plans, a stance that could affect borrowing costs and the company’s ability to fund longer‑term projects even as short‑term obligations are being met.