# Tag: capex

- [E-commerce and the inflation of “investment”](https://brazilstockguide.com/behind-the-lines/e-commerce-and-the-inflation-of-investment/) (2026-08-04): Mercado Libre plans R$57 billion for Brazil in a single year; Amazon says it has invested R$75 billion over 15. The figures are striking, but they blend capex, operating costs, credit and economic impact.
- [Sabesp Faces Weaker Second Half as Volumes and Spending Weigh, BTG Says](https://brazilstockguide.com/insights/sabesp-faces-weaker-second-half-as-volumes-and-spending-weigh-btg-says/) (2026-07-31): Lower temperatures, additional service-quality expenses and slower capex execution may pressure near-term results; BTG maintains its Buy rating.
- [JBS Cuts Capex as It Tries to Convince Wall Street the Worst Is Behind It](https://brazilstockguide.com/insights/jbs-cuts-capex-as-it-tries-to-convince-wall-street-the-worst-is-behind-it/) (2026-06-16): The company reduced its 2026 investment plan by $400 million, targeted margin gains in U.S. beef and pointed to Seara and Australia as levers for a potential re-rating.
- [Suzano Targets Lower Debt](https://brazilstockguide.com/insights/suzano-targets-lower-debt/) (2026-05-11): After cutting 2026 CAPEX, the Brazilian pulp giant says it aims to bring net debt down to $11 billion and leverage below 2.5 times by 2028.
- [PetroReconcavo Cuts Cash Burn as Profit and Reserves Come Under Pressure](https://brazilstockguide.com/insights/petroreconcavo-4q25-results/) (2026-03-19): Lower oil prices and weaker output weigh on earnings, while capital discipline improves cash flow; softer reserves cloud long-term outlook.
- [Petrobras Faces Dividend Risk as Capex and One-Offs Pressure 4Q25 Cash Flow](https://brazilstockguide.com/insights/petrobras-dividend-risk-4q25-capex/) (2026-02-03): BTG Pactual flags downside to market expectations, citing heavier investments and extraordinary outflows late in the year.
- [SIMPAR Cuts Leverage to 15-Year Low as Asset Sales Offset Slower Capex Cycle](https://brazilstockguide.com/insights/simpar-deleveraging-record-revenue-2025/) (2026-01-20): Lower investment needs and divestments help the logistics and mobility group strengthen cash generation after years of balance-sheet pressure.
- [Petrobras Pulls Back to Push Ahead](https://brazilstockguide.com/behind-the-lines/petrobras-pulls-back-to-push-ahead/) (2025-11-27): A modest capex cut signals a deeper shift: stricter project filters, slimmer industrial plans and a sharper focus on high-return pre-salt output.
- [Petrobras Cuts Expansion Drive as New Plan Tightens Grip on Budget, Down $2 Billion to $109 Billion](https://brazilstockguide.com/insights/petrobras-cuts-expansion-drive-as-new-plan-tightens-grip-on-budget-down-2-billion-to-109-billion/) (2025-11-27): 2026–2030 roadmap trims capex by $2 billion, targets peak output of 3.4 million boed in 2028–2029, and scales back industrial bets to safeguard cash flow and dividends.