Ultrapar Holdings (UGP) Operating Expenses (2009 - 2026)
Ultrapar Holdings (UGP) reported Operating Expenses of -$124.6 million for Q1 2026, down 40.84% year-over-year from -$210.6 million in Q1 2025, and down 7.99% quarter-over-quarter from -$115.4 million in Q4 2025.
Ultrapar Holdings (UGP) Operating Expenses (2009 - 2026) Analysis & Trends
Ultrapar Holdings (UGP) has 18 years of Operating Expenses data on file, last reported at -$124.6 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at -$124.6 million, down 40.84% year-over-year; the trailing twelve-month figure through Mar 2026 was -$440.3 million (down 1.59% YoY), and the FY2025 annual result was $417.2 million, up 29.52% from the prior year.
- Operating Expenses declined to -$124.6 million in Q1 2026 per UGP's latest filing, from -$115.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$75.9 million in Q3 2024 and troughed at -$407.7 million in Q4 2023.
- A 5-year average of -$151.5 million and a median of -$95.6 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses plunged 185.88% in 2022, then jumped 79.02% in 2024.
- A 5-year view of Operating Expenses shows it stood at -$326.1 million in 2022, then dropped by 25.02% to -$407.7 million in 2023, then jumped by 79.02% to -$85.5 million in 2024, then tumbled by 34.91% to -$115.4 million in 2025, then declined by 7.99% to -$124.6 million in 2026.
- Business Quant data shows UGP's Operating Expenses at -$124.6 million in Q1 2026, -$115.4 million in Q4 2025, and -$104.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 76.18 Bn | 80.70 Bn | 3.31 Bn | 33.16 Bn |
| 2 | Valero Energy | 75.63 Bn | 72.96 Bn | 30.79 Bn | 385.00 Mn |
| 3 | Phillips 66 | 71.92 Bn | 67.92 Bn | 31.12 Bn | 32.74 Bn |
| 4 | HF Sinclair | 12.56 Bn | 11.48 Bn | 1.19 Bn | 6.28 Bn |
| 5 | Sunoco | 8.81 Bn | 8.10 Bn | 1.69 Bn | 330.00 Mn |
| 6 | Cosan | 5.12 Bn | 250.68 Mn | 552.94 Mn | 803.77 Mn |
| 7 | Icahn Enterprises | 4.72 Bn | 3.42 Bn | -134.00 Mn | 2.82 Bn |
| 8 | PBF Energy | 4.49 Bn | 4.08 Bn | 278.50 Mn | 7.60 Bn |
| 9 | Cvr Energy | 3.16 Bn | 2.85 Bn | -103.00 Mn | 60.00 Mn |
| 10 | Ultrapar Holdings | 756.43 | -1.49 Bn | 603.08 Mn | -124.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -124.59 Mn |
| Dec 31, 2025 | -115.37 Mn |
| Sep 30, 2025 | -104.80 Mn |
| Jun 30, 2025 | -95.56 Mn |
| Mar 31, 2025 | -88.46 Mn |
| Dec 31, 2024 | -85.52 Mn |
| Sep 30, 2024 | -75.92 Mn |
| Jun 30, 2024 | -183.54 Mn |
| Mar 31, 2024 | -89.18 Mn |
| Dec 31, 2023 | -407.66 Mn |
| Sep 30, 2023 | -301.71 Mn |
| Jun 30, 2023 | -94.74 Mn |
| Mar 31, 2023 | -87.42 Mn |
| Dec 31, 2022 | -326.08 Mn |
| Sep 30, 2022 | -216.65 Mn |
| Jun 30, 2022 | -91.60 Mn |
| Mar 31, 2022 | -87.52 Mn |
| Dec 31, 2021 | -114.06 Mn |
| Sep 30, 2021 | -95.41 Mn |
| Jun 30, 2021 | -120.41 Mn |