Monitor Suzano's upcoming quarterly earnings for actual cash cost and leverage figures versus these targets. The 3-5% QoQ cost increase in 2Q26 may pressure margins if pulp prices do not rise commensurately.
Price Chart
Executive Summary
Suzano provided guidance updates via a 6-K filing, setting a net debt target of US$11.0 billion and a leverage target below 2.5x to be reached over fiscal years 2027-2028. The company also estimated its 2Q26 pulp cash production cost at R$830-R$840/tonne (a 3-5% increase QoQ) and the full-year 2026 average at approximately R$800/tonne. These are forward-looking estimates with no reported historical financial results, making the filing neutral with limited actionable impact.
Key Facts
- Net debt target of US$11.0 billion, leverage target below 2.5x, expected to be reached over fiscal years 2027 and 2028
- 2Q26 pulp cash production cost estimated at R$830-R$840/tonne, a 3-5% increase QoQ
- Full-year 2026 pulp cash production cost estimated at approximately R$800/tonne
- Estimates based on assumed USD/BRL exchange rates of R$5.17 (2026), R$5.25 (2027), R$5.28 (2028)
Financial Impact
No reported financial results; guidance only. Net debt target of US$11.0 billion; pulp cash cost guidance of R$830-R$840/tonne for 2Q26 and ~R$800/tonne for FY2026.
Risk Factors
- Pulp cash production cost guidance implies a 3-5% sequential increase in 2Q26, which could compress margins if pulp prices soften
- Leverage targets depend on exchange rate assumptions (USD/BRL) that may deviate from actual rates
- Forward-looking statements are subject to market conditions and may not materialize
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001628280-26-033642 |
| Document: a20260511-suzano_6k.htm | 0001628280-26-033642 |
| Document: 0001628280-26-033642-index-headers.html | 0001628280-26-033642 |
| Document: 0001628280-26-033642-index.html | 0001628280-26-033642 |
| Document: 0001628280-26-033642.txt | 0001628280-26-033642 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 6-K | $8.53 | awaiting T+20 | — | $8.90 (+4.34%) |
Oct 15, 2026 12d ago | 6-K | $8.50 | awaiting T+20 | — | $8.90 (+4.71%) |
Aug 31, 2026 8w ago | 6-K | $8.86 $8.57 | ▼ −3.27% | ▼ −3.59% | $8.90 (+0.45%) |
Aug 20, 2026 9w ago | 6-K | $8.78 $9.25 | ▲ +5.35% | ▲ +5.88% | $8.90 (+1.37%) |
Aug 13, 2026 10w ago | 6-K | $7.99 $9.36 | ▼ −17.15% | ▼ −18.89% | $8.90 (−11.39%) |
Aug 4, 2026 12w ago | 6-K | $8.35 $8.86 | ▲ +6.11% | ▲ +7.35% | $8.90 (+6.59%) |
Jul 1, 2026 16w ago | 6-K | $7.81 $8.30 | ▲ +6.27% | ▲ +8.46% | $8.90 (+13.96%) |
May 28, 2026 21w ago | 6-K | $8.26 $7.72 | ▼ −6.54% | ▼ −3.39% | $8.90 (+7.75%) |
May 11, 2026 24w ago | 6-K | $8.75 $8.02 | ▼ −8.34% | ▼ −6.62% | $8.90 (+1.71%) |
May 7, 2026 24w ago | 6-K | $8.87 $8.18 | ▼ −7.78% | ▼ −7.80% | $8.90 (+0.34%) |
US Market Status
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