Petroperú reports net profit of US$ 144 million

Petroperú has reported a net profit of US$ 144 million for the period of January to September 2026, marking a significant turnaround from a loss of US$ 745 million during the same period in 2025. The company's EBITDA rose to US$ 645 million, compared to US$ 11 million in the previous year.

Peruvian Economy Minister Elmer Cuba stated that the state-owned company has moved past the severe financial crisis that previously required government bailouts. However, reports indicate that profits could have been higher if the company had refined 82,000 barrels per day, as it did in 2025, rather than the 65,000 barrels per day recorded in 2026.

The company faces ongoing debates regarding its role in national energy security, operational challenges at the Talara Refinery, and its long-term management model. Discussions continue over whether the state should maintain full administration or incorporate private participation to ensure fuel supply and economic sustainability.