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Company Research26 Mar 2024
Companies That Had Their IPO in 1989: The Calm Between the Storms
A look at the IPO landscape and market sentiment in 1989 as the markets enjoyed a period of relative calm between tumultuous times.
Repsol
Repsol (REP) investor relations material
Repsol Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary14 Jan, 2026
Executive summary
Provisional information for Q4 2025 and FY25 provided; final results to be published February 19, 2026.
New segment reporting model adopted in Q4 2025, with joint ventures now accounted for using the equity method.
Adjusted Net Income (CCS basis) introduced as the new segment profit measure, excluding special items.
Financial highlights
Average Brent price in Q4 2025 estimated at $63.7/bbl, down 7.8% from Q3 2025 and 14.7% year-over-year.
Average WTI price in Q4 2025 at $59.1/bbl, down 9.1% sequentially and 15.9% year-over-year.
Henry Hub gas price in Q4 2025 at $3.5/MBtu, up 12.9% from Q3 2025 and 47.8% year-over-year.
Outlook and guidance
All figures are provisional and may differ from final results.
Forward-looking statements are subject to material risks and uncertainties, including commodity prices and exchange rates.
Quantify JV accounting change impact on segments
Explain 4Q25 refining margin indicator surge
Reason for divergent oil and gas price trends?
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Next Repsol earnings date
Q4 202519 Feb, 2026
Repsol
Next Repsol earnings date
Q4 202519 Feb, 2026
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Frequently asked questions
Repsol, S.A. operates as an integrated energy company worldwide. The company offers fuels, lubricants, liquefied petroleum gas (LPG), natural gas, naphtha and kerosene, ethane, propane, butane and butane-propane mixtures. It also involves in the exploration and production of crude oil and natural gas reserves; produces biofuels; sells electricity; provides derivatives from petrochemicals; develops wind power facilities; and owns gas stations. In addition, it distributes fuel to private business clients for their fleet of passenger cars or trucks.
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