Repsol SA

REP: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Repsol Earnings: Capital Expenditure Flexibility, Optimized Portfolio Mitigate Lower Expected CFFO

Allen Good

Apr 30, 2025

Repsol's first-quarter results were ahead of market expectations. Amid a continued decline in oil prices, it released a stressed scenario assuming a Brent price of USD 65/bbl and revised expected cash flow from operations from EUR 6.0 billion-EUR 6.5 billion to EUR 5.5 billion-EUR 6.0 billion.

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Repsol SA

Repsol Earnings: Capital Expenditure Flexibility, Optimized Portfolio Mitigate Lower Expected CFFO

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