The strong Q2 beat and reaffirmed guidance support continued momentum in fee income and AUM growth. Watch for any macro headwinds in Latin America and integration progress of recent acquisitions. The debt issuance strengthens the balance sheet for future M&A or buybacks.
Price Chart
Executive Summary
Patria Investments reported strong Q2 2026 results with Fee Related Earnings (FRE) of $57.1M, up 24% YoY, and Distributable Earnings (DE) of $0.32 per share, up 31% YoY. Fee-Earning AUM grew 32% to $48.9B, driven by organic inflows, acquisitions, and positive FX. Management reaffirmed full-year 2026 FRE guidance of $225-$245M. The quarter also included the closing of the WP Global Partners acquisition and a $350M debt issuance.
Key Facts
- FRE of $57.1M in Q2 2026, up 24% YoY from $46.1M
- DE of $50.7M ($0.32/share), up 31% YoY from $0.24
- Management fees of $103.7M, up 28% YoY
- Fee-Earning AUM of $48.9B, up 32% YoY
- Total AUM of $62.1B, up 28% YoY
- Quarterly dividend declared at $0.1625/share
- Full-year 2026 FRE guidance reaffirmed at $225-$245M
- Closed WP Global Partners acquisition adding $1.7B FEAUM
- Issued $350M in fixed-rate long-term debt (5-10yr, 6.0%-6.6%)
Financial Impact
FRE up 24% YoY, DE up 31% YoY, AUM up 28% YoY
Risk Factors
- Brazilian real depreciation could impact USD-reported AUM and fees
- Integration of WP Global Partners and other acquisitions may underperform
- Fundraising pace may slow in H2 2026
- Lower FRE margin (54.0% vs 56.9% a year ago) due to mix shift and expense growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001628280-26-051215 |
| Document: patria-6xkcoverx2q26earnin.htm | 0001628280-26-051215 |
| Document: patriareportssecondquart.htm | 0001628280-26-051215 |
| Document: 0001628280-26-051215-index-headers.html | 0001628280-26-051215 |
| Document: 0001628280-26-051215-index.html | 0001628280-26-051215 |
| Document: 0001628280-26-051215.txt | 0001628280-26-051215 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 6-K | $9.81 | awaiting T+5 | — | $9.94 (+1.38%) |
Oct 21, 2026 5d ago | Press Release | $11.90 | awaiting T+5 | — | $9.94 (−16.43%) |
Oct 7, 2026 20d ago | 6-K | $11.11 $11.50 | ▲ +3.51% | ▲ +4.49% | $9.94 (−10.49%) |
Oct 5, 2026 21d ago | 6-K | $11.20 $11.64 | ▲ +3.88% | ▲ +4.02% | $9.94 (−11.21%) |
Jul 31, 2026 12w ago | 6-K | $10.82 $11.53 | ▲ +6.56% | ▲ +3.05% | $9.94 (−8.09%) |
Jul 31, 2026 12w ago | Press Release | $10.82 $11.53 | ▲ +6.56% | ▲ +3.05% | $9.94 (−8.09%) |
Jun 5, 2026 20w ago | Insider Buy | $11.40 $11.58 | ▲ +1.58% | ▼ −0.53% | $9.94 (−12.76%) |
May 6, 2026 24w ago | Press Release | $12.92 | awaiting T+5 | — | $9.94 (−23.03%) |
US Market Status
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