Repsol SA

REP: XMAD (ESP)

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Repsol Earnings: 2025 to Bring Lower Spending and Increased Distributions, but Also Lower Volumes

Allen Good

Feb 20, 2025

Repsol reported fourth-quarter results ahead of expectations, with full-year cash flow exceeding guidance. It guided to flat 2025 operating cash flow of EUR 6 billion-EUR 6.5 billion, but will reduce capex, increase the full-year dividend by 8%, and repurchase a minimum of EUR 700 million in shares.

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Repsol SA

Repsol Earnings: 2025 to Bring Lower Spending and Increased Distributions, but Also Lower Volumes

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