Pemex Reports Net Income of 18,024 Million Pesos and Cuts Supplier Debt 14.3%

Petróleos Mexicanos (Pemex) reported on August 3 a net profit of 18,024 million pesos in the second quarter of 2026, 70% lower than April-June 2025, according to its indicators at the close of June. The company also reported a 14.3% reduction in its supplier payables during the first half.

The result rests on two factors, according to the quarterly report covered by El Economista: total revenues of 510,443 million pesos, 30.3% higher year-on-year and their best level in 14 quarters, and a foreign exchange gain of 49,267 million pesos from the appreciation of the peso against the dollar. Administrative and distribution expenses totaled 51,411 million pesos, down 17.7% year-on-year.

El Financiero reports that supplier payables fell 14.3% in the first half, though they still stand at 21,427 million dollars, equivalent to 374,334 million pesos. Total financial debt fell to 1.353 trillion pesos, 11.6% less than in the first half of 2025, and to 77,500 million dollars, 9.1% below the close of 2025. EBITDA (earnings before taxes, depreciation, and amortization) for the quarter totaled 144,200 million pesos, up 89.9% year-on-year, and gross profit was 139,710 million pesos, 2.7 times that of the same period in 2025. Taxes paid, primarily the petroleum welfare duty (derecho petrolero para el bienestar), totaled 70,290 million pesos, up 48.6% year-on-year. Pemex detailed revolving credit lines of 4,150 million dollars and 19,000 million pesos, with 3,350 million dollars available as of June 30.

The first half closed with a net loss of 27,968 million pesos, compared to net income of 16,187 million in January-June 2025, despite revenues 11.3% higher. Reported production was 1.65 million barrels per day, driven by the Ixachi, Bakté, Itta, Koban, and Maloob fields. For the region, the liquidity of that supplier chain, whose payments are denominated in dollars, is an indicator the market will monitor to anticipate the pace of drilling and maintenance activity, and the figure to watch in upcoming reports will be whether net income holds.

This article was drafted with artificial intelligence assistance from verified sources and reviewed by a human editor before publication.