Patria’s Nov. 3 Results Put Third-Quarter Expectations Under the Microscope
Key Facts
Patria Investments is set to report third-quarter 2026 results on Nov. 3 at 9:00 a.m. Eastern time, according to its investor relations page. Actual earnings and revenue figures were not available before the event. Analyst estimates cited by Reuters before the announcement pointed to earnings per share of $0.30 and revenue of $103.74 million. Those figures are pre-release expectations, not reported results. The announcement comes as markets track whether growth in fees and assets under management can offset a decline in performance-related earnings guidance.
Estimates put expected revenue against the $82.5 million the company recorded in the second quarter of 2026. Reuters estimated that the third-quarter revenue forecast implied a 26% quarter-on-quarter increase. By contrast, earnings per share were expected to edge down from the $0.32 recorded in the second quarter. Distributable earnings in that quarter were $50.7 million, or $0.32 per share, according to the company’s filing with the U.S. Securities and Exchange Commission. Patria said distributable earnings per share rose 31% year over year and 19% from the first quarter.
Patria raised $2.3 billion in the second quarter, bringing its fundraising total since the start of the year to $4.5 billion, according to its filing. Assets under management stood at $62.1 billion at quarter-end, while fee-earning assets under management reached $48.9 billion. Fee-earning assets rose 32% year over year and 7% quarter on quarter. These indicators provide context for the revenue growth addressed in third-quarter estimates. Their impact on actual results remains subject to the expected disclosure.
The year-on-year comparison shows distributable earnings of $46.9 million, or $0.30 per share, in the third quarter of 2025, an annual increase of 31%. Reuters cited the $0.30-per-share forecast for third-quarter 2026 as an estimate made before the announcement. Patria had cut its cumulative guidance for performance-related earnings through 2027 to a range of $80 million to $100 million, from a previous range of $120 million to $140 million, according to Reuters. That makes the trajectory of these earnings one of the issues markets will watch when results are released. The new disclosure is expected to show the company’s quarterly performance and any updates to its guidance.
Patria’s press release list showed its latest results announcement was for the second quarter, issued on July 31, 2026. The company also listed the announcement of its third-quarter results call date on Oct. 21. Ahead of the event, the company’s shares, listed under the ticker PAX, closed at $9.4 on Nov. 2, according to EL7 data. The closing price offers a snapshot of the stock’s trading in the session before the results date. The announcement event is scheduled to begin on Nov. 3 at 9:00 a.m. Eastern time.