Ultrapar is a diversified Brazilian holding company operating four core businesses spanning energy, mobility, and logistics infrastructure. Ipiranga is a leading fuel distributor with an extensive network of service stations and convenience stores; Ultragaz is the country's leading LPG distributor expanding into renewable electricity, CNG, and biomethane; Ultracargo operates Brazil's largest independent liquid bulk storage terminals serving refineries and petrochemical producers; and Hidrovias provides lower-carbon waterway logistics for bulk commodities. The company generates revenue through fuel and energy sales margins, take-or-pay contracts with long-term industrial clients, and complementary services such as convenience stores and loyalty programs, leveraging its national scale, brand recognition, and established customer relationships to benefit from Brazil's economic growth and energy transition.