Ultrapar Participações S.A. (UGP)
NYSE: UGP · Real-Time Price · USD
6.66
+0.21 (3.26%)
Aug 31, 2026, 4:00 PM EDT - Market closed
Ultrapar Participações Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Net Income | 1,549 | 875.57 | 323.46 | 709.19 | - | 332.85 | 841.77 | 651.58 | 437.92 | 431.47 | 1,099 | 864.85 | 213.88 | 262.07 | 822.62 | 73.1 | 452.87 | 452.25 | 380.18 | 369.2 |
Depreciation & Amortization | 514.26 | 529.28 | 509.46 | 505.72 | - | 409.56 | 238.56 | 448.07 | 446.27 | 412.43 | 289.27 | 424.82 | 451.63 | 403.55 | 283.97 | 388.91 | 369.6 | 335.64 | 109.02 | 301.92 |
Other Amortization | 65.8 | 55.15 | 56.72 | 67.51 | - | - | 222.49 | - | - | - | 192.98 | - | - | - | 154.12 | - | - | - | 206.03 | - |
Loss (Gain) From Sale of Assets | 134.21 | -0.5 | -65.57 | -13.3 | - | -16 | -66.48 | -31.48 | -37.07 | -72.05 | -88.42 | -11.77 | -39.78 | -52.78 | -192.38 | -49.15 | -55.58 | -25.07 | -126.3 | -17.45 |
Loss (Gain) From Sale of Investments | -0.4 | 0.4 | 0.4 | 1.21 | - | 0.4 | 0.4 | 2.09 | - | - | - | - | - | - | - | - | - | - | - | - |
Loss (Gain) on Equity Investments | 19.94 | 20.31 | 40.27 | 7.26 | - | 149.08 | 120.21 | -5.81 | 9.7 | 3.08 | -0.19 | 0.3 | -1.57 | -10.45 | -2.1 | 11.14 | -7.72 | -13.5 | -4.52 | 11.28 |
Stock-Based Compensation | 23.55 | 19.92 | 19.04 | 14.8 | - | 15.11 | 16.7 | 13.07 | 17.26 | 10.42 | 13.45 | 11.42 | 8.95 | 5.09 | -6.85 | 7.24 | 5.64 | 3.92 | 2.45 | 0.09 |
Provision & Write-off of Bad Debts | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -49.99 | - | - | - | -3.12 | - |
Other Operating Activities | 1,038 | 878.24 | 721.81 | 521.59 | - | 374.32 | 1,074 | 416.34 | 459.17 | 289.62 | 375.91 | 580.8 | 358.19 | 346.69 | 630.51 | 315.75 | 204.95 | -427.32 | -317.93 | 163.33 |
Change in Accounts Receivable | 8.4 | -454.78 | -69.3 | -55.35 | - | 20.84 | 22.38 | 401.1 | -420.62 | 177.48 | 49.52 | -801.35 | 608.6 | 403.11 | -141.54 | -114.4 | -10.18 | -513.13 | -335.18 | -126.66 |
Change in Inventory | -923.31 | -297.14 | -419.03 | 224.25 | - | -216.48 | 826.71 | -752.73 | 374.48 | -77.21 | -374.22 | -215.35 | 104.28 | 1,131 | -584.56 | 1,674 | -1,770 | -324.27 | -297.61 | -474.02 |
Change in Accounts Payable | 2,507 | -187.7 | 1,223 | 263.13 | - | -998.12 | 190.48 | -342.9 | 282.98 | -1,340 | 697.42 | 1,048 | -681.45 | -2,764 | 1,287 | -581.24 | 1,372 | -519.59 | 745.77 | 700.52 |
Change in Income Taxes | -197 | -159.79 | -298.43 | -164.59 | - | 7.05 | -1,196 | -122.81 | -256.59 | -90.76 | -715.44 | -44.76 | -286.68 | -179.6 | -1,288 | -389.08 | -350.73 | -38.02 | -65.44 | -351.75 |
Change in Other Net Operating Assets | 49.7 | -176.4 | 336.59 | 41.74 | - | -75.6 | -60.54 | 103.97 | -9.05 | -324.23 | 222.08 | 44.66 | 162.25 | -255.25 | 605.4 | -35.01 | 129.66 | -116.67 | 365.57 | -139.94 |
Operating Cash Flow | 4,789 | 1,103 | 2,382 | 2,129 | - | 3.02 | 2,231 | 780.47 | 1,304 | -579.92 | 1,761 | 1,901 | 898.3 | -711.25 | 1,519 | 1,293 | 437.49 | -1,244 | 703.52 | 604.37 |
Operating Cash Flow Growth (YoY) | - | 36421.76% | 6.77% | 172.83% | - | - | 26.64% | -58.95% | 45.21% | - | 15.99% | 47.09% | 105.33% | - | 115.85% | 113.90% | -61.95% | - | - | -26.97% |
Investing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Capital Expenditures | -411.69 | -368.29 | -670.23 | -474.43 | - | -381.89 | -687.91 | -415.92 | -357.16 | -326.2 | -524.06 | -306.79 | -235.46 | -221.02 | -78.28 | -371.64 | -268.83 | -210.49 | -183.78 | -302.11 |
Cash Acquisitions | -0.01 | 0.01 | 41.28 | 16.72 | - | - | 0.52 | - | - | - | - | - | 47.46 | -47.46 | 22.02 | -12 | -16 | - | 25.7 | -3.7 |
Divestitures | -36.09 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Sale (Purchase) of Intangibles | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -277.6 | - | - | - | -237.49 | - |
Investment in Securities | -1,090 | 794.71 | -2,161 | -781.47 | - | 1,209 | -2,563 | 174.39 | -754.66 | -1,458 | -42.1 | -145.11 | 38.97 | 414.02 | 743.12 | 590.02 | 2,128 | 918.63 | -88.78 | 489.12 |
Other Investing Activities | -0.21 | 31.19 | -13.22 | -14.14 | - | -3.38 | - | - | - | - | - | - | - | - | -12.12 | -21.78 | 3,542 | 1,228 | -5.57 | 30.64 |
Investing Cash Flow | -1,538 | 457.61 | -2,803 | -1,253 | - | 823.89 | -3,251 | -241.53 | -1,112 | -1,784 | -566.16 | -451.9 | -149.04 | 145.55 | 397.14 | 184.6 | 5,385 | 1,936 | -489.91 | 213.95 |
Financing Activities
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Long-Term Debt Issued | - | 1,108 | - | - | - | 1,682 | - | - | - | 1,349 | - | - | - | 1,709 | - | - | - | - | - | - |
Total Debt Issued | 200 | 1,108 | 3,709 | 274.19 | - | 1,682 | 521.46 | 802.48 | 1,507 | 1,349 | - | 391.72 | 802.71 | 1,709 | 500 | 50 | 969.58 | - | 4.56 | 929.58 |
Long-Term Debt Repaid | - | -1,339 | - | - | - | -2,165 | - | - | - | -208.5 | - | - | - | -1,934 | - | - | - | -109.28 | - | - |
Total Debt Repaid | -1,565 | -1,339 | -725.77 | -774.48 | - | -2,165 | -700.07 | -926.33 | -1,318 | -208.5 | -721.51 | -679.31 | -28.4 | -1,934 | -966.88 | -941.01 | -4,182 | -109.28 | -63.71 | -1,139 |
Net Debt Issued (Repaid) | -1,365 | -231.05 | 2,983 | -500.29 | - | -482.67 | -178.61 | -123.86 | 189.56 | 1,140 | -721.51 | -287.59 | 774.31 | -225.23 | -466.88 | -891.01 | -3,213 | -109.28 | -59.15 | -209.07 |
Issuance of Common Stock | - | - | - | - | - | - | - | - | - | - | - | - | 0.03 | - | - | - | - | - | - | - |
Repurchase of Common Stock | -14.62 | - | -0.01 | -22.61 | - | -96.77 | -148.95 | - | - | - | - | - | - | -0.03 | - | - | - | - | - | - |
Common Dividends Paid | -8.44 | -1.58 | -1,274 | -400.84 | - | -487.5 | -52.48 | -319.98 | -23.68 | -437.53 | -0.07 | -291.23 | -0.01 | -108.71 | -3.61 | -393.6 | -55.66 | -185.42 | -0.12 | -217.04 |
Other Financing Activities | -1,085 | -565.15 | -680.13 | -290.53 | - | -372.11 | -415.92 | -70.48 | -268.63 | -524.01 | -581.03 | -214.1 | -504.68 | -334.54 | -447.41 | -309.37 | -467.94 | -367.71 | -326.39 | -459.78 |
Financing Cash Flow | -2,473 | -797.78 | 1,030 | -1,214 | - | -1,439 | -795.94 | -514.31 | -102.75 | 178.91 | -1,303 | -792.92 | 269.65 | -668.51 | -917.89 | -1,594 | -3,736 | -662.4 | -385.65 | -885.89 |
Net Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Foreign Exchange Rate Adjustments | 6.27 | -77.04 | 17.16 | -20.79 | - | -23.35 | 32.38 | - | -6.68 | 6.68 | -4 | 2.45 | -2.66 | -25.74 | -2.68 | -1.77 | 18.14 | -57.04 | 13.8 | 33.58 |
Miscellaneous Cash Flow Adjustments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 37.76 | 350.22 | - | - | - |
Net Cash Flow | 784.32 | 685.39 | 625.22 | -359.03 | - | -635.51 | -1,784 | 24.64 | 83.18 | -2,178 | -111.43 | 659.05 | 1,016 | -1,260 | 995.12 | -80.65 | 2,455 | -27.55 | -158.25 | -33.99 |
Free Cash Flow
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Free Cash Flow | 4,377 | 734.3 | 1,711 | 1,655 | - | -378.87 | 1,543 | 364.56 | 947.27 | -906.12 | 1,237 | 1,595 | 662.84 | -932.27 | 1,440 | 921.09 | 168.66 | -1,455 | 519.74 | 302.26 |
Free Cash Flow Growth (YoY) | - | - | 10.93% | 353.95% | - | - | 24.68% | -77.14% | 42.91% | - | -14.09% | 73.13% | 293.01% | - | 177.11% | 204.73% | -80.00% | - | - | -49.20% |
Free Cash Flow Margin | 10.54% | 2.00% | 4.51% | 4.47% | - | -1.14% | 4.36% | 1.03% | 2.93% | -2.98% | 3.70% | 4.91% | 2.24% | -3.05% | 4.01% | 2.34% | 0.46% | -4.62% | 1.63% | 1.03% |
Free Cash Flow Per Share | 4.00 | 0.67 | 1.63 | 1.49 | - | -0.34 | 1.39 | 0.33 | 0.85 | -0.81 | 1.13 | 1.44 | 0.60 | -0.84 | 1.31 | 0.84 | 0.15 | -1.33 | 0.49 | 0.28 |
Levered Free Cash Flow | 2,797 | -24.39 | 1,710 | 1,164 | - | -1,058 | 1,250 | 363.58 | 1,847 | -2,725 | 1,405 | 1,494 | -352.72 | -1,019 | 554.57 | 1,492 | 6,531 | 14.6 | -6,374 | -234.16 |
Unlevered Free Cash Flow | 3,252 | 470.76 | 2,114 | 1,648 | - | -825.7 | 1,463 | 569.25 | 2,151 | -2,540 | 1,681 | 1,867 | -100.6 | -789.13 | 831.42 | 1,805 | 6,974 | 215.92 | -6,222 | -3.9 |
Additional Metrics
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Cash Interest Paid | 1,623 | - | - | - | - | - | - | - | 662.42 | 48.42 | 33.58 | - | 450.29 | 294.32 | 436.37 | 282.98 | 450.4 | 235.35 | 288.22 | 112.46 |
Cash Income Tax Paid | 93.9 | 131.09 | 55.07 | 27.8 | - | 25.5 | 89.02 | 84.3 | 32.73 | 102.87 | 99.26 | 112.65 | 24.97 | 31.68 | - | 144.99 | 52.55 | 85.79 | 65.21 | 64.51 |
Change in Working Capital | 1,445 | -1,276 | 772.62 | 309.18 | - | -1,262 | -217.03 | -713.39 | -28.81 | -1,655 | -120.64 | 31 | -92.99 | -1,665 | -121.36 | 554.58 | -629.94 | -1,512 | 413.11 | -391.84 |