Repsol (REP) Q1 2026 TU earnings summary

Executive summary

• Provisional data for 1Q26 shows improved commodity prices and operational performance in some segments.

• Final results for the quarter will be published on April 30, 2026; figures may change.

Financial highlights

• Average Brent price rose 27.3% sequentially and 7.1% year-over-year to $81.1/bbl.

• Average Henry Hub gas price increased 45.7% sequentially and 37.8% year-over-year to $5.1/MBtu.

• Spanish electricity pool prices fell 38.9% sequentially and 49.7% year-over-year to €43.3/MWh.

Outlook and guidance

• Forward-looking statements are subject to material risks and uncertainties, including commodity prices, margins, and exchange rates.