Petro Rio S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was BRL 2,814.96 million compared to BRL 1,530 million a year ago. Net income was BRL 1,162.07 million compared to BRL 1,068.97 million a year ago.

Basic earnings per share from continuing operations was BRL 1.371 compared to BRL 1.267 a year ago. Diluted earnings per share from continuing operations was BRL 1.361 compared to BRL 1.258 a year ago.