Ultrapar Holdings (UGP) Operating Expenses (2009 - 2026)
Ultrapar Holdings' (UGP) quarterly Operating Expenses came in at -$284.3 million in Q2 2026, down 43.63% year-over-year from -$504.3 million in Q2 2025, and down 13.36% quarter-over-quarter from -$250.8 million in Q1 2026.
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Analysis
Ultrapar Holdings (UGP) Operating Expenses (2009 - 2026) Analysis & Trends
Ultrapar Holdings (UGP) has reported Operating Expenses for 18 consecutive years, with -$284.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 43.63% year-over-year to -$284.3 million in Q2 2026; TTM through Jun 2026 was -$989.3 million, a 0.23% change from a year earlier, with the FY2025 full-year figure at -$49.8 million, down 106.62% from the prior year.
- Operating Expenses was -$284.3 million for Q2 2026 at Ultrapar Holdings, down from -$250.8 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$160.9 million in Q1 2022 and troughed at -$820.4 million in Q4 2022.
- A 5-year average of -$263.0 million and a median of -$209.9 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 70.77% in 2023 and slumped 102.81% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at -$820.4 million in 2022, then jumped by 70.77% to -$239.8 million in 2023, then gained by 20.2% to -$191.3 million in 2024, then declined by 24.66% to -$238.5 million in 2025, then dropped by 19.19% to -$284.3 million in 2026.
- The last three Operating Expenses figures came in at -$284.3 million (Q2 2026), -$250.8 million (Q1 2026), and -$238.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 109.49 Bn | 108.36 Bn | 9.27 Bn | 45.02 Bn |
| 2 | Valero Energy | 108.59 Bn | 103.98 Bn | 5.47 Bn | 266.00 Mn |
| 3 | HF Sinclair | 18.97 Bn | 16.77 Bn | 1.57 Bn | 9.22 Bn |
| 4 | Sunoco | 10.01 Bn | 9.24 Bn | 1.46 Bn | 13.68 Bn |
| 5 | PBF Energy | 8.52 Bn | 7.77 Bn | 1.15 Bn | 10.41 Bn |
| 6 | Ultrapar Holdings | 8.23 Bn | 6.52 Bn | 912.61 Mn | -284.31 Mn |
| 7 | Cvr Energy | 5.25 Bn | 4.73 Bn | 117.00 Mn | 52.00 Mn |
| 8 | Icahn Enterprises | 5.06 Bn | 3.09 Bn | 198.00 Mn | 3.36 Bn |
| 9 | Delek US Holdings | 4.49 Bn | 4.10 Bn | 365.10 Mn | 3.78 Bn |
| 10 | Par Pacific Holdings | 3.96 Bn | 3.81 Bn | 852.68 Mn | 2.33 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -284.31 Mn |
| Mar 31, 2026 | -250.81 Mn |
| Dec 31, 2025 | -238.53 Mn |
| Sep 30, 2025 | -215.65 Mn |
| Jun 30, 2025 | -197.95 Mn |
| Mar 31, 2025 | -191.06 Mn |
| Dec 31, 2024 | -191.34 Mn |
| Jun 30, 2024 | -406.65 Mn |
| Mar 31, 2024 | -204.21 Mn |
| Dec 31, 2023 | -239.77 Mn |
| Jun 30, 2023 | -200.51 Mn |
| Mar 31, 2023 | -185.81 Mn |
| Dec 31, 2022 | -820.42 Mn |
| Sep 30, 2022 | -185.67 Mn |
| Jun 30, 2022 | -234.26 Mn |
| Mar 31, 2022 | -160.92 Mn |
| Dec 31, 2021 | -907.52 Mn |
| Sep 30, 2021 | -245.22 Mn |
| Jun 30, 2021 | -221.08 Mn |
| Mar 31, 2021 | -133.71 Mn |
API Access
Ultrapar Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=UGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "UGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=UGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();