The earnings call presented a mixed performance with some improvements in cash flow and dividend growth, but significant challenges in adjusted income, refining margins, and production levels. The disruption in Libya and ongoing chemical market challenges also weighed heavily on results.
Company Guidance
During the third quarter earnings call for Repsol, several key financial metrics and guidance updates were provided. The company reported an adjusted income of EUR 558 million, representing a year-over-year decrease of 49%, while cash flow from operations improved by 16% to EUR 1.5 billion, excluding a settlement with Sinopec. Year-to-date net CapEx was EUR 4.9 billion, with net debt rising to EUR 5.5 billion, a EUR 0.9 billion increase from June. Repsol's refining margin indicator averaged $4 per barrel, down 71% from a year ago. For 2024, Repsol revised its cash flow from operations estimate to EUR 6 billion and expects net CapEx to reach EUR 5.5 billion. Additionally, the company plans a minimum total cash dividend of EUR 0.975 per share for 2025, with shareholder remuneration projected to be within the 25% to 35% range of cash flow from operations.
Cash Flow Improvement
Cash flow from operations amounted to EUR 1.5 billion, a 16% improvement over the third quarter last year.
Dividend Growth
Completed the cash dividend payment for 2024 for a total EUR 0.9 per share, approximately a 30% increase versus 2023.
Retail Power and Gas Customer Growth
The client base in Spain and Portugal surpassed 2.4 million customers in September, an 11% increase compared to the end of last year.
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Repsol (REPYY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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REPYY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 31, 2024
$12.33
$12.17
-1.30%
Jul 24, 2024
$13.90
$13.78
-0.86%
Apr 25, 2024
$15.19
$15.25
+0.39%
Feb 22, 2024
$13.94
$14.67
+5.24%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Repsol (REPYY) report earnings?
Repsol (REPYY) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Repsol (REPYY) earnings time?
Repsol (REPYY) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.