Business · Companies · 2 hrs ago
Pemex posts third-quarter loss as debt and supplier arrears decline
Mexico’s state oil company Pemex reported a 10.8 billion-peso net loss for the third quarter of 2026.
The loss was much smaller than the 61.2 billion pesos recorded in the same quarter a year earlier.
Higher sales helped, but currency losses and derivatives costs weighed on results: Pemex recorded a 16.4 billion-peso currency loss and 8.9 billion pesos in derivatives costs.
The company’s revenue rose 28.5% to 486.8 billion pesos, and its operating earnings before interest, taxes, depreciation and amortisation more than doubled.
Financial debt fell 8.9% to $77.6 billion by the end of September, compared with the end of 2025.
Money owed to suppliers and contractors also declined 5.1%, to 414.2 billion pesos.
Pemex said it had paid suppliers more than 370 billion pesos and aims to manage payments while maintaining its operations.
Pemex reported a net loss of 10.8 billion pesos in the third quarter of 2026, a 50.4 billion-peso improvement from the same quarter a year earlier.
The company said higher sales and lower impairment of fixed assets helped its result, while currency losses and higher costs for financial derivatives weighed on it.
Pemex’s financial debt stood at 77.6 billion dollars at the end of September, down 8.9% from the end of 2025.
Amounts owed to suppliers and contractors fell 5.1% to 414.218 billion pesos at the end of September.
- Who
- Petróleos Mexicanos (Pemex), Mexico’s state oil company.
- What
- It reported a third-quarter net loss of 10.8 billion pesos, while its financial debt and amounts owed to suppliers and contractors declined.
- When
- The third quarter of 2026. Debt and supplier balances were reported as of September 30.
- Where
- Mexico. Pemex submitted its report to the Mexican Stock Exchange.
- Why
- Higher sales and lower impairment of fixed assets helped improve the result, but currency losses and higher derivative costs weighed on it.
This story does not have two clearly opposing sides.
Pemex recorded a net loss of 61.2 billion pesos.
Pemex reported a net loss of 10.8 billion pesos, compared with the loss a year earlier.
Pemex’s financial debt stood at 77.6 billion dollars and its supplier and contractor arrears stood at 414.218 billion pesos.
- Third-quarter net loss
- 10.8 billion pesos
- Year-on-year improvement in net result
- 50.4 billion pesos
- Financial debt at September 30
- 77.6 billion dollars
- Debt decline from end-2025
- 8.9%
- Supplier and contractor arrears at September 30
- 414.218 billion pesos
- Payments to suppliers and contractors
- More than 370 billion pesos
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What people are saying
This variation is explained mainly by the effect on the fair value of cross-currency swaps, as well as crude oil options and foreign exchange options
Pemex continues to advance its strategy for addressing suppliers and contractors, with the aim of strengthening the operational continuity of its project and contributing to the stability of its supply chain