Repsol’s Q2 earnings jumped sharply year-over-year, driven by a EUR823M inventory revaluation and higher adjusted EBITDA.
Repsol reported Q2 net income of EUR1.27B, a 436% increase year-over-year, as inventory revaluation added EUR823M to results. Adjusted net income rose 208% to EUR1.84B, while adjusted EBITDA climbed 206% to EUR3.52B.
The company’s H1 2026 net income reached EUR2.201B, with adjusted net income at EUR2.711B. Prior-year comparisons reflect a rebound in energy markets and operational improvements.
Shares may react to the stronger-than-expected earnings growth and inventory gains.