Repsol shares rise after Q2 profit beat, new buyback programme

Repsol

23/07/2026 08:57

** Shares of Repsol REP.MC rise more than 3% after the Spanish energy group reported a Q2 adjusted net profit above analysts' consensus forecast
** Helped by stronger refining margins and higher oil prices, adjusted net income rose more than three times year-on-year to €1.84 billion ($2.1 billion) between April and June, beating consensus forecast of €1.64 billion
** Renta4banco says that a positive impact on shares was expected, and underlines results exceeding estimates and consensus for adjusted net profit and a buyback extension
** Analyst Pablo Fernández de Mosteyrín added that after the buyback and cancellation of €350 million own shares, a new €500 million buyback programme was approved, with buyback and capital reduction expected to be completed by end-October
** Up to the previous session's close, shares were up 60%​ YTD

(Reporting by Tiago Brandao)
((Tiago.Brandao@thomsonreuters.com;))