Repsol (REPYY)
OTHER OTC:REPYY
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Repsol
(OTC:REPYY)
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Rating:65Neutral
Price Target:
$27.00
▲(47.70% Upside)
Action:ReiteratedDate:03/20/26
The score is driven mainly by weakening recent financial momentum (declining revenue/margins and softer free cash flow), partially offset by strong technical uptrend and reasonable valuation (low P/E and solid dividend). Earnings call guidance supports cash flow and shareholder returns, but industrial disruptions and earnings pressure temper the outlook.
Positive Factors
Diversified integrated business model & commercial strength
Repsol's integrated footprint—from upstream to retail and power—reduces reliance on any single margin pool. Durable customer growth, rising non-oil margins and expanding retail/power client base increase recurring cash flows and provide a natural hedge when commodity cycles pressure upstream results.
Negative Factors
Weakened earnings power and margin compression
Material margin erosion and a sharp revenue decline indicate the group's earnings are sensitive to commodity cycles and industrial conditions. If margins remain compressed, sustained profitability and cash conversion could be curtailed, reducing funding flexibility for investments and distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified integrated business model & commercial strength
Repsol's integrated footprint—from upstream to retail and power—reduces reliance on any single margin pool. Durable customer growth, rising non-oil margins and expanding retail/power client base increase recurring cash flows and provide a natural hedge when commodity cycles pressure upstream results.
Read all positive factors
Repsol (REPYY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$28.18B
Dividend Yield5.18%
Average Volume (3M)58.12K
Price to Earnings (P/E)6.3
Beta (1Y)0.24
Revenue Growth0.16%
EPS Growth21.49%
CountryUS
Employees25,136
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)1.66
Shares Outstanding1,105,374,400
10 Day Avg. Volume70,856
30 Day Avg. Volume58,122
Financial Highlights & Ratios
PEG Ratio1.12
Price to Book (P/B)0.84
Price to Sales (P/S)0.35
P/FCF Ratio16.01
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue0.68
Enterprise Value/Gross Profit4.25
Enterprise Value/Ebitda6.85
Forecast
1Y Price Target
$31.70Price Target Upside73.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)4.28
Revenue Forecast (FY)$74.07B
Repsol Business Overview & Revenue Model
Company Description
Repsol S.A. is a global energy company based in Spain, primarily engaged in the exploration, production, refining, and distribution of oil and natural gas. The company operates across several sectors including upstream (exploration and production)...
How the Company Makes Money
Repsol makes money primarily through a diversified, integrated set of businesses:
1) Upstream (Exploration & Production): Repsol generates revenue from producing and selling hydrocarbons (primarily crude oil, natural gas, and related liquids). Ea...
Repsol Earnings Call Summary
Earnings Call Date:Feb 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call balanced clear operational progress, disciplined capital allocation and strong customer and renewables momentum against near-term earnings and industrial disruptions. Management highlighted higher cash generation (CFFO), normalized and lower net CapEx, expanding shareholder distributions, successful asset rotation and solid renewables growth. Offsetting these positives were a 15% decline in adjusted net income, material Industrial headwinds from Spanish blackouts and the Cartagena incident, some production effects from disposals and quarter-specific exploration costs, and continued exposure to commodity and regulatory volatility. Overall, the operational and financial fundamentals (cash flow, low net debt excl. leases, shareholder returns and renewables monetization) provide constructive momentum while certain near-term earnings and industrial inflection points remain risks.Positive Updates
Strong Cash Flow and Improved Guidance for 2026
Cash flow from operations (CFFO) was EUR 5.4 billion in 2025 (+8% YoY). Under the new reporting model management guides 2026 CFFO to EUR 5.5–6.0 billion (vs EUR 5.4 billion in 2025), reflecting expected higher contribution from new upstream volumes, industrial turnaround in chemicals/refining and growth in customer and renewables.
Negative Updates
Adjusted Net Income Decline
Group adjusted net income for 2025 was EUR 2.6 billion, down 15% year-over-year, driven by weaker realizations, divestment effects and lower contributions from some equity affiliates.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Cash Flow and Improved Guidance for 2026
Cash flow from operations (CFFO) was EUR 5.4 billion in 2025 (+8% YoY). Under the new reporting model management guides 2026 CFFO to EUR 5.5–6.0 billion (vs EUR 5.4 billion in 2025), reflecting expected higher contribution from new upstream volumes, industrial turnaround in chemicals/refining and growth in customer and renewables.
Read all positive updates
Company Guidance
The company guided to a 2026 planning scenario with Brent $60–65/bbl, Henry Hub $3.5–4/MMBtu and a refining margin indicator of $6.5–7.5/bbl, and under that outlook expects cash flow from operations of EUR 5.5–6.0 billion (vs. EUR 5.4bn in 2025) with net CapEx steady at about EUR 2.7 billion; shareholder distributions will keep improving (cash dividend up ~8% to around EUR 1.051/share in 2026, buybacks “in line” with 2025 and a new Board‑approved buyback of up to EUR 350m), net debt which closed at EUR 4.5 billion (EUR 1.6bn excl. leases) is expected to be broadly flat over the year (gearing ~14%, ~5.5% excl. leases), Upstream production is guided to 560–570 kboe/d (with Alaska ramping to ~80k bbl/d gross by Q3 and Libya ~350k bbl/d gross by year‑end, ~40–43k bbl/d net), and the renewables platform continues to scale (2.2 GW added in 2025, ~6.0 GW installed today, 1.8 GW rotated and ongoing asset‑rotation cash ins including ~EUR 230m in February).Repsol Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 52.70B | 57.12B | 58.95B | 69.29B | 49.74B |
| Gross Profit | 7.07B | 10.91B | 12.52B | 16.11B | 10.10B |
| EBITDA | 4.93B | 5.61B | 7.25B | 9.93B | 6.74B |
| Net Income | 1.82B | 1.76B | 3.17B | 4.25B | 2.50B |
Balance Sheet | |||||
| Total Assets | 59.40B | 63.19B | 61.63B | 59.96B | 56.25B |
| Cash, Cash Equivalents and Short-Term Investments | 7.98B | 6.43B | 8.43B | 9.01B | 7.84B |
| Total Debt | 16.47B | 12.19B | 10.56B | 13.36B | 14.49B |
| Total Liabilities | 31.80B | 34.09B | 32.56B | 33.99B | 33.46B |
| Stockholders Equity | 22.08B | 26.49B | 26.20B | 25.29B | 22.41B |
Cash Flow | |||||
| Free Cash Flow | 1.16B | 240.00M | 2.22B | 4.30B | 2.77B |
| Operating Cash Flow | 4.76B | 4.96B | 6.51B | 7.83B | 4.68B |
| Investing Cash Flow | -4.76B | -2.69B | -5.85B | -4.10B | -2.93B |
| Financing Cash Flow | -1.23B | -1.64B | -3.05B | -2.83B | -529.00M |
Repsol Technical Analysis
Neutral
18.28
Price Trends
24.50
Negative
21.51
Positive
18.98
Positive
Market Momentum
-0.18
Positive
36.53
Neutral
7.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For REPYY, the sentiment is Neutral. The current price of 18.28 is below the 20-day moving average (MA) of 26.68, below the 50-day MA of 24.50, and below the 200-day MA of 18.98, indicating a neutral trend. The MACD of -0.18 indicates Positive momentum. The RSI at 36.53 is Neutral, neither overbought nor oversold. The STOCH value of 7.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for REPYY.
Repsol Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $128.46B | 5.67 | 27.02% | 14.10% | -2.43% | 171.38% | |
71 Outperform | $243.95B | 12.10 | 10.06% | 3.92% | -5.79% | 19.45% | |
66 Neutral | $95.34B | 11.30 | 3.44% | 7.43% | 3.95% | -38.27% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | $79.01B | 16.84 | 5.25% | 5.41% | -3.06% | 9.20% | |
65 Neutral | $28.18B | 6.27 | 7.85% | 5.18% | 0.16% | 21.49% |
* Energy Sector Average
REPYY
Repsol
25.76
14.10
120.91%
E
Eni SPA
53.91
26.61
97.49%
PBR
Petroleo Brasileiro SA- Petrobras
20.91
10.45
99.92%
SHEL
Shell
87.20
24.66
39.43%
EQNR
Equinor ASA
38.03
16.12
73.59%
TTE
TotalEnergies SE
89.96
36.30
67.66%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.