Procore Technologies, Inc. (PCOR) Earnings Call Transcripts
Procore Technologies, Inc.'s Latest Earnings Call - May 7, 2026
In the first quarter of 2026, Petron Corporation reported a revenue increase of 27% to PHP 246 billion, driven by higher international oil prices, despite a challenging geopolitical environment. The company also achieved a net income of PHP 1.78 billion for the quarter. For the fiscal year 2025, Petron's revenue was PHP 810 billion, down 7% year-over-year, but net income surged 84% to PHP 15.6 billion, indicating strong operational resilience and effective cost management. Management signaled confidence in navigating ongoing supply disruptions and maintaining market leadership.
Reported metrics
| Metric | Value |
|---|---|
| 2025 Revenue | PHP 810 billion (miss) |
| 2025 Net Income | PHP 15.6 billion (beat) |
| Q1 2026 Revenue | PHP 246 billion (beat) |
| Q1 2026 Net Income | PHP 1.78 billion (beat) |
| Operating Income 2025 | PHP 37.3 billion (beat) |
| Consolidated Volumes Q1 2026 | 25.7 million barrels (miss) |
Guidance from management
Management did not provide specific guidance for the remainder of 2026 but expressed confidence in navigating ongoing geopolitical challenges and maintaining market leadership.
What management said
The rationale and brief explanation of each agenda item can be found in the Definitive Info Statement for this meeting. Voting shall be made in accordance with the procedures set forth in this document, which appears in the company website in the PSE EDGE, and the summary of which is presented on the screen for reference.
[Foreign Language] Thank you for that question. [Foreign Language] meant to maintain our dominance on our volume sales, [Foreign Language]. [Foreign Language] as I mentioned earlier, but not 30% and [Foreign Language] both of which have concentrated on uplifting the efficiency, more particularly the cost efficiency side [Foreign Language]. And then lastly, [Foreign Language] working capital [Foreign Language].This is...
What analysts pressed on
Analysts expressed concerns over the impact of geopolitical tensions on supply stability and pricing. There were questions regarding the sustainability of volume growth amidst refinery challenges and the potential for further revenue declines if oil prices remain volatile.
Main topics on the call
- Strong Year-End Performance — Petron recorded its highest net income to date of PHP 15.6 billion for 2025, which is an 84% increase from the previous year. Management stated, "This performance was driven by sustained domestic volume growth, enhanced ...
- Revenue Decline in 2025 — Despite the strong net income, Petron's revenues fell 7% to PHP 810 billion due to lower international oil prices. This decline was attributed to an oversupply of oil and geopolitical tensions affecting pricing.
- Q1 2026 Revenue Growth — In the first quarter of 2026, Petron's revenue increased by 27% to PHP 246 billion, benefiting from higher international prices. Management noted that this was a result of "volatile price fluctuations" due to geopolitica...
- Volume Performance — Total volumes for 2025 reached close to 138 million barrels, slightly below the previous year, but the retail and industrial segments performed well. In Q1 2026, consolidated volumes were 25.7 million barrels, down 7% ye...
Read the full Procore Technologies, Inc. transcript (May 7, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Procore Technologies, Inc.
Procore Technologies, Inc. (PCOR) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 51 calls on record spanning May 18, 2021 to July 30, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 51 Procore Technologies, Inc. earnings call transcripts on record, spanning May 18, 2021 to July 30, 2026. Based on this history, Procore Technologies, Inc. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PCOR
- Exchange
- NYSE
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 51
- First call
- May 18, 2021
- Most recent
- July 30, 2026
- Reporting cadence
- quarterly