Company Overview

Ultrapar Participações S.A. engages in the gas distribution, fuel distribution, and storage businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. Its Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers primarily in the South, Southeast, and Northeast regions of Brazil. The company's Fuel Distribution segment distributes and markets gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; operates convenience stores; and offers lubricant-changing and automotive specialized services. The company's Storage segment operates liquid bulk terminals primarily in the Southeast and Northeast regions of Brazil. As of December 31, 2021, the company operated through 7,104 Ipiranga service stations and 1,841 AmPm convenience stores; 1,149 Jet Oil franchises; 4 distribution centers; and 7 Ultracargo terminals with storage capacity of 983 thousand cubic meters. It also operates Abastece Aí, a digital payments app; and offers Km de Vantagens, a loyalty program. The company was founded in 1937 and is headquartered in São Paulo, Brazil.

  • Name

    Ultrapar Participações S.A.

  • CEO

    Rodrigo de Almeida Pizzinatto

  • Website

    www.ultra.com.br

  • Sector

    Specialty Retail

  • Year Founded

    1937

Company Statistics

Profile

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  • EV

  • Shares Out

  • Revenue

  • Employees

Margins

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  • Operating

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Returns (5Yr Avg)

  • ROA

  • ROTA

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  • ROCE

  • ROIC

Valuation (TTM)

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  • EV/EBITDA

  • P/FCF

  • EV/Gross Profit

Valuation (NTM)

  • Price Target

  • P/E

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  • EV/Sales

  • EV/EBITDA

  • P/FCF

Financial Health

  • Cash

  • Net Debt

  • Debt/Equity

  • EBIT/Interest

Growth (CAGR)

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Dividends

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What's happening

Nov 13, 2025 - Dec 13, 2025

Ultrapar Participações S.A. Faces Challenges Amidst Mixed Market Reactions

  • UGP reported Q3 2025 revenues of R$37.1 billion and a net income of R$0.8 billion, which fell short of investor expectations.
  • The sale of its coastal navigation operation for R$715 million aims to enhance financial stability but raises concerns about future revenue impacts in other segments.
  • Despite an 8% decline in stock performance over the past month, UGP outperformed the Energy (XLE) sector by 41.6%.

Over the past month, Ultrapar Participações S.A. (UGP) experienced a notable decline of 8% in its stock performance, significantly underperforming against the S&P 500's modest drop of just 0.2%. This downturn was primarily influenced by recent fiscal results and strategic developments within the company that received mixed market reactions.

On December 9, UGP reported its fiscal Q3 2025 results with revenues totaling R$37.1 billion and a net income of R$0.8 billion. Although these figures indicated operational strength—with cash operations generating R$2.1 billion and an adjusted EBITDA reaching R$1.9 billion—they did not sufficiently meet investor expectations to counteract bearish sentiment surrounding the stock during this period.

The completion of significant projects such as the Santos terminal expansion added storage capacity; however, it failed to stimulate positive momentum for UGP shares as anticipated by investors. Furthermore, UGP's decision to sell its coastal navigation operation for R$715 million aimed at enhancing financial stability while focusing on core business areas; nevertheless, it raised concerns regarding potential revenue impacts across other segments moving forward.

Analysts maintained a generally positive outlook on UGP despite these challenges; yet their optimism could not offset broader market pressures contributing to declining share prices throughout November and early December due to macroeconomic factors affecting investor confidence across sectors including energy logistics where UGP operates.

Despite these headwinds leading to underperformance relative to both the S&P 500 index—resulting in an underperformance margin of -7.8%—and general market trends overall, it's noteworthy that Ultrapar Participações SA outperformed the Energy (XLE) sector by 41.6%.

BOVESPA:UGPA3