Life-history theory predicts that individuals should adapt their parental investment to the costs and benefits of the current reproductive effort. This could be achieved by modulating the hormonal stress response, which may shift energy investment away from reproduction and redirect it toward survival. In birds, this stress response consists of a release of corticosterone that may be accompanied by a decrease in circulating prolactin, a hormone involved in the regulation of parental care. We lack data on the modulation of the prolactin stress response. In this study, we tested the hypothesis that individuals should modulate their prolactin stress response according to the fitness value of the current reproductive effort relative to the fitness value of future reproduction. Specifically, we examined the influence of breeding status (failed breeders vs. incubating birds) and body condition on prolactin and corticosterone stress responses in a long-lived species, the snow petrel Pagodroma nivea. When facing stressors, incubating birds had higher prolactin levels than failed breeders. However, we found no effect of body condition on the prolactin stress response. The corticosterone stress response was modulated according to body condition but was not affected by breeding status. We also performed an experiment using injections of adrenocorticotropic hormone (ACTH) and found that the modulation of the corticosterone stress response was probably associated with a reduction in ACTH release by the pituitary and a decrease in adrenal sensitivity to ACTH. In addition, we examined whether prolactin and corticosterone secretion were functionally linked. We found that these two hormonal stress responses were not correlated. Moreover, injection of ACTH did not affect prolactin levels, demonstrating that short-term variations in prolactin levels are not governed directly or indirectly by ACTH release. Thus, we suggest that the corticosterone and prolactin responses to short-term stressors are independent and may therefore mediate some specific components of parental investment in breeding birds. With mounting evidence, we suggest that examining both corticosterone and prolactin stress responses could be relevant to parental investment in vertebrates.