Ultrapar Participações S.A. (UGP) Stock Price & Analysis
Ultrapar Participações S.A. (UGP) closed at USD 7.8 on Thursday, October 22, 2026, down 2.13% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 7.97; the Oct 22, 2026 session ranged USD 7.66–7.96 on volume of 5,238,745 shares. Market capitalization is $8.31B, with a 52-week range of USD 3.6–8.28 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:49 UTC.
Also available as compact Markdown for AI agents: nexqual.com/UGP.md
Key facts (UGP)
- Analysts: Buy (mean 2.13 on a 1–5 scale) (8 analysts), mean target USD 7.67 (range 6.5–9).
- Total return with dividends: 1Y +109.7% vs S&P 500 +14.9%; 5Y +271.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-11, EPS estimate USD 0.28, revenue estimate $44.9B.
Analysts (UGP)
Consensus Buy (mean 2.13 on a 1–5 scale), 8 analysts; mean target USD 7.67 (low 6.5, high 9).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-17 | Scotiabank | Downgrade | Sector Outperform → Sector Perform | |
| 2026-09-04 | UBS | Target raised | Buy | $7.2 → $7.9 |
| 2026-08-26 | Goldman Sachs | Target lowered | Neutral | $6.5 → $5.8 |
| 2026-07-08 | B of A Securities | Upgrade | Neutral → Buy | $6.8 → $7.4 |
| 2026-06-30 | B of A Securities | Target raised | Neutral | $6.3 → $6.8 |
Total return (dividends reinvested) (UGP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +109.7% | +271.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +110.2% | +29.9% |
| Volatility (annualized) | 34.3% | 39.0% |
| Max drawdown | -23.2% (May 2026→Jun 2026) | -57.4% (Feb 2024→Dec 2024) |
UGP suppliers, customers and competitors (named in its 20-F)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Ipiranga | “Any interruption in the supply of LPG or oil-based fuels from Petrobras would immediately affect Ultragaz or Ipiranga's respective ability to provide LPG or oil-based fuels to their customers, and material delays in the supply could also impact our operations.” |
| Customer | Ultragaz | “Any interruption in the supply of LPG or oil-based fuels from Petrobras would immediately affect Ultragaz or Ipiranga's respective ability to provide LPG or oil-based fuels to their customers, and material delays in the supply could also impact our operations.” |
| Partner | Chevron (CVX) | “In addition to its retail operations, Ipiranga serves the B2B market through Ipiranga Empresas, leads the Brazilian lubricants sector through ICONIC, its joint venture with Chevron, and operates in the TRR (Transportador Revendedor Retalhista – Retail Reseller Transporter) segment through NeoDiesel, expanding its presence across different channels and customer profiles.” |
| Partner | Cosan S.A. (CSANY) | “Raízen: a joint venture between Cosan and Shell.” |
| Partner | B3 | “In 2005, we entered into an agreement with B3 and have complied with the requirements to become a Level 1 Company, which is the entrance level of the Differentiated Corporate Governance Practices of B3.” |
Quoted from the company's 20-F filed Apr 29, 2026.
UGP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.28 | $0.16 | +71.3% | $44.87B | 1 |
| Next quarter (ends Dec 2026) | $0.20 | $0.13 | +54.0% | $42.96B | 1 |
| Current fiscal year (ends Dec 2026) | $0.89 | $0.68 | +31.3% | $163.85B | 1 |
| Next fiscal year (ends Dec 2027) | $0.64 | $0.57 | +11.8% | $158.78B | 2 |
UGP options: expected move
Options price a move of about ±14.7% (±$1.15) by Nov 20, 2026, which includes earnings on Nov 11, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 65.1% | ±14.7% |
| Feb 19, 2027 | 119 | 44.2% | ±23.7% |
30-day implied volatility 58.5% vs 28.5% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:49 UTC)
| Price | USD 7.8 |
|---|---|
| Change | ▼ 2.13% (down) |
| Previous Close | USD 7.97 |
| Open | USD 7.89 |
| Day Range | USD 7.66 – 7.96 |
| 52-Week Range | USD 3.6 – 8.28 |
| Volume | 5,238,745 shares |
| Market Cap | $8.31B |
| Exchange | NYQ |
Technical Analysis (UGP)
Nexqual's technical model rates UGP "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 09:49 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 56.62 (neutral) |
| vs SMA50 | Above (USD 7.28) |
| MACD | 0.17 (positive) |
Analyst Ratings (UGP)
Wall Street analysts rate UGP "Buy" based on 8 analysts, with a mean price target of USD 7.67 (range USD 6.5–9), per Nexqual as of October 23, 2026 at 09:49 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 7.67 |
| High Target | USD 9 |
| Low Target | USD 6.5 |
| Buy / Hold / Sell | 5 / 3 / 0 |
Earnings (UGP)
| Next Earnings Date | 2026-11-11 |
|---|---|
| EPS Estimate | USD 0.28 |
| Revenue Estimate | $44.87B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.3 vs est 0.24 ▲ beat |
| 2026-03-31 | USD 0.17 vs est 0.13 ▲ beat |
| 2025-12-31 | USD 0.07 vs est 0.07 ▲ beat |
| 2025-09-30 | USD 0.12 vs est 0.11 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financials & Fundamentals (UGP)
| Total Revenue | $153.26B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +21.90% |
| Gross Margin | +8.39% |
| Operating Margin | +7.57% |
| Profit Margin | +2.26% |
| ROE | +19.80% |
| Debt / Equity | 0.98 |
| Current Ratio | 1.64 |
| Total Cash | $9.25B |
| Total Debt | $19.56B |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financial Health Score (UGP)
Nexqual rates Ultrapar Participações S.A.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:49 UTC.
| Growth | Solid — Revenue +7% YoY (annual) |
|---|---|
| Profitability | Weak — Gross margin 8%, operating 8% (last 12 months) |
| Balance Sheet | Mixed — BRL 9.25B cash vs BRL 19.6B debt |
| Cash Flow | Solid — Operating cash flow BRL 10.4B (TTM) |
| Efficiency | Solid — ROE 20%, ROA 9.7% |
Ownership (UGP)
| Insider Ownership | +0.00% |
|---|---|
| Institutional Ownership | +5.72% |
| Shares Outstanding | 1.07B |
| Float | 634.73M |
| Short % of Float | +0.93% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Leadership (UGP)
Ultrapar Participações S.A. is led by Rodrigo de Almeida Pizzinatto, CEO & Member of Executive Board, per Nexqual as of October 23, 2026 at 09:49 UTC.
| CEO & Member of Executive Board | Rodrigo de Almeida Pizzinatto |
|---|---|
| President | Fulvius Tomelin |
| Chief Financial & Investor Relations Officer | Alexandre Mendes Palhares |
| Risks, Compliance & Audit Director | Fernanda Teves de Souza |
Major Backers & Investors (UGP)
Notable institutional backers of Ultrapar Participações S.A. include Naman Capital Ltda, Qube Research & Technologies Ltd, Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:49 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Naman Capital Ltda | 0.66% |
| Qube Research & Technologies Ltd | 0.5% |
| Morgan Stanley | 0.44% |
| American Century Companies Inc | 0.36% |
| Marshall Wace LLP | 0.29% |
| Renaissance Technologies | 0.2% |
| Jane Street Group, LLC | 0.18% |
| Arrowstreet Capital, Limited Partnership | 0.16% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 0.5% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PBF | PBF Energy Inc. | USD 79.25 | ▼ 2.81% |
| CVI | CVR Energy Inc. | USD 58.63 | ▼ 3.46% |
| DK | Delek US Holdings, Inc. | USD 75.79 | ▼ 3.11% |
| IEP | Icahn Enterprises L.P. - Deposi | USD 6.13 | ▼ 0.33% |
| PARR | Par Pacific Holdings, Inc. Comm | USD 80.18 | ▼ 5.34% |
| DKL | Delek Logistics Partners, L.P. | USD 56.91 | ▲ 0.25% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:49 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt