Repsol 2Q26 adjusted net income more than triples to €1.84 billion; adjusted EBITDA more than doubles to €3.52 billion

  • Repsol posted 2Q26 net income of EUR 1.27 billion, up more than fivefold year over year, while adjusted net income rose to EUR 1.84 billion.
  • Adjusted EBITDA climbed to EUR 3.52 billion, while cash flow from operations rose 23.88% to EUR 1.94 billion versus 2Q25.
  • Net debt fell to EUR 3.67 billion, down EUR 1.1 billion versus March 2026, as net capex dropped 68% to EUR 0.3 billion.
  • Industrial adjusted net income jumped to EUR 1.24 billion from EUR 103 million, supported by stronger refining momentum and a return to positive chemicals EBIT.
  • Raised 2026 share buyback guidance: a first EUR 350 million program completed in July, a second EUR 500 million planned before end-October.


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