Repsol SA ( (REPYY) ) has released its Q1 earnings. Here is a breakdown of the information Repsol SA presented to its investors.
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Repsol SA is a Spanish multinational energy company operating primarily in the oil and gas sector, with a focus on upstream, industrial, customer, and low carbon generation segments.
In its first quarter of 2025, Repsol reported a net income of €366 million, a significant decrease from the previous year. The company maintained its shareholder distribution commitments and continued its strategic portfolio transformation, including divestments and investments in low-carbon projects.
Key financial metrics showed a decline in adjusted income to €651 million, primarily due to lower refining margins and oil realization prices. The upstream segment saw a slight increase in adjusted income due to higher gas prices, while the industrial segment faced challenges with lower refining margins. The customer and low carbon generation segments reported modest gains.
Repsol’s net debt increased to €5.8 billion, driven by investments and share buybacks. The company remains committed to maintaining a solid financial position and shareholder returns, even in a stressed scenario.
Looking ahead, Repsol’s management remains optimistic about achieving its 2025 objectives, focusing on portfolio optimization and maintaining financial stability despite a challenging macroeconomic environment.