Copasa schedules November 9 results. Copasa stock has a BRL 81.00 target

Published on 10/25/2026 at 01:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Copasa's water volume rose 1.10 percent in the third quarter on October 9, 2026. For Copasa stock, sewage volume reached 123.8 million m3.

Operating metrics and valuation

Copasa scheduled its third-quarter report for November 9, 2026 in a release dated October 19, 2026.
Water volume rose 1.10 percent in the third quarter of 2026, while sewage volume increased 3.60 percent.
Copasa had a BRL 24.5 billion market capitalization on October 23, 2026.

Copasa, BRCSMGACNOR5, Illustration mit AI erstellt.

Copasa (BRCSMGACNOR5) scheduled its third-quarter 2026 results for November 9, 2026, after the market close, according to Acionista on October 19, 2026. Copasa stock also has a BRL 81.00 price target in BTG Pactual's October 20, 2026 research update, which carried a buy recommendation.

The timetable gives investors a defined test for the private utility's next financial report. Copasa will hold its results conference on November 10, 2026, at 11:00 a.m. Brasilia time, according to Acionista.

Three milestones since September

On September 29, 2026, Copasa appointed Augusto Dantas Borges as chief executive officer and formed a nine-member board after its ownership transition, the company said in its Copasa release.

On October 9, 2026, the company reported third-quarter operating data showing water volume of 174.5 million m3, up 1.10 percent from the third quarter of 2025, while sewage volume reached 123.8 million m3, up 3.60 percent, according to Investidor10. On October 19, 2026, Copasa announced the November reporting schedule.

What will the November report test?

The key question is whether operating growth can offset financial pressure. In the second quarter of 2026, revenue reached BRL 2.27 billion and net income was BRL 227.14 million, while BTG Pactual reported adjusted EBITDA of BRL 762 million and net debt leverage of 2.80 times.

The third-quarter operating figures point to stronger service volumes, but they do not yet provide the full earnings picture. The November release should therefore connect customer expansion with costs, cash flow and debt after Copasa's ownership transition.

Stock value and market size

Copasa was last at BRL 64.58 on B3 on October 23, 2026 at 5:05 p.m. BRT. Its market capitalization was BRL 24.5 billion, and its 52-week range was BRL 36.90 to BRL 67.82 on the same date. The BTG Pactual target of BRL 81.00 stands above the quoted B3 level, but the company still faces execution questions around investment and leverage.