In hydrological modelling, it is important to consider the uncertainties related to a model’s structures and parameters when different hydrological models are used to represent a system. Therefore, an adequate analysis of daily discharge forecasts that takes into account the performance of hydrological models can assist in identifying the best extreme discharge forecasts. In this context, this study aims to evaluate the performance of three hydrological models—Lavras Simulation of Hydrology (LASH), Variable Infiltration Capacity (VIC), and Distributed Hydrological Model (MHD-INPE) in the Verde River basin. The results demonstrate that LASH and MHD can accurately simulate discharges, thereby establishing them as crucial tools for managing water resources in the study region’s basins. Moreover, these findings could serve as a cornerstone for future studies focusing on food and water security, particularly when examining their connection to climate change scenarios.