Repsol's Q2 adjusted profit more than triples on refining strength
Repsol's Q2 adjusted profit more than triples on refining strength MADRID, July 23 (Reuters) - Spanish energy company Repsol said on Thursday its second-quarter adjusted net profit more than tripled from the same period last year, helped by stronger refining margins and higher oil prices.
Adjusted net income rose to €1.84 billion ($2.1 billion)between April-June, compared to the €598 million posted in the second quarter of 2025.
Net income came in at €1.27 billion - compared with €237 million euros a year earlier - while adjusted earnings before interest, taxes, depreciation and amortisation also more than tripled to €3.52 billion from €1.15 billion.
Spain's main refiner and oil producer also said it would increase its second 2026 share buyback to €500 million, in addition to the €350 million programme already completed. It expects to announce a third buyback in October as part of its plan to distribute 30% to 40% of operating cash flow to shareholders.
($1 = 0.8749 euros)
(Reporting by David Latona; Editing by Jesús Aguado)
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