Overview
- In early November, Petroperú reported a net profit of about US$145 million for January–September 2026 after moving from a US$355 million loss in the same period last year.
- The company credits higher international crude and product prices, inventory realizations, a pricing strategy, and lower operating expenses for the turnaround.
- Petroperú secured a US$475 million bridge facility under Decreto de Urgencia 003-2026 and received US$217 million in September, yet its current liabilities still exceed current assets by US$1,364.6 million.
- Domestic revenues rose 13.8% to US$2,536.5 million even as physical sales volumes fell because liquidity limits and scheduled maintenance reduced crude supply and refinery throughput.
- Exports plunged 62.6% to US$120.1 million for Jan–Sep 2026, a multi-year decline that shifts the company’s focus to the local market and leaves Peru vulnerable to tighter fuel availability unless further financing or operational fixes restore crude buying power.