Repsol（1REP）株式概要レプソルS.A.は、スペイン、ペルー、米国、ポルトガル、および国際的なマルチeエネルギー企業として事業を展開している。 詳細1REP ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長0/6過去の実績4/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より47.6%で取引されている 過去1年間で収益は436.2%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析今後3年間の収益は年平均6.3%減少すると予測されている。 不安定な配当実績 すべてのリスクチェックを見る1REP Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW475,322 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA475,322 investors already sharing narrativesYour Fair Value€Current Price€25.4728.0% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-7b62b2016201920222025202620282031Revenue €50.8bEarnings €3.2bAdvancedSet Fair ValueView all narrativesRepsol, S.A. 競合他社EniSymbol: BIT:ENIMarket cap: €67.3bTenarisSymbol: BIT:TENMarket cap: €25.0bGas PlusSymbol: BIT:GSPMarket cap: €248.4mSaipemSymbol: BIT:SPMMarket cap: €8.3b価格と性能株価の高値、安値、推移の概要Repsol過去の株価現在の株価€25.2452週高値€29.1352週安値€13.26ベータ-0.141ヶ月の変化9.60%3ヶ月変化14.57%1年変化89.42%3年間の変化81.45%5年間の変化162.23%IPOからの変化50.10%最新ニュースReported Earnings • Jul 26Second quarter 2026 earnings released: EPS: €1.15 (vs €0.19 in 2Q 2025)Second quarter 2026 results: EPS: €1.15 (up from €0.19 in 2Q 2025). Revenue: €18.3b (up 36% from 2Q 2025). Net income: €1.23b (up 466% from 2Q 2025). Profit margin: 6.7% (up from 1.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.お知らせ • Jul 24Repsol, S.A. Reaffirms Production Guidance for the Year 2026Repsol, S.A. reaffirmed production guidance for the year 2026. For the year, the company expected production remains in the range announced from 560,000 to 570,000 average barrels per day, probably in the high range of -- in the high part.New Risk • Jul 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Jul 24Repsol, S.A. (BME:REP) announces an Equity Buyback for 37,500,000 shares, for €500 million.Repsol, S.A. (BME:REP) announces a share repurchase program. Under the program, the company will repurchase up to 37,500,000 shares, for €500 million. The Buy-Back Program would be carried out with the sole purpose to acquire the own shares to be redeemed in the framework of the Capital Reduction approved by the Board of Directors under the terms of the General Meeting's Resolution. The shares will be repurchased at a price higher than the higher of the following the price of the last independent trade; or the highest current independent purchase bid on the trading venue where the purchase is carried out. The program is valid till October 29, 2026.Upcoming Dividend • Jun 29Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 06 July 2026. Payment date: 08 July 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Italian dividend payers (4.7%). In line with average of industry peers (5.1%).Declared Dividend • May 18Dividend of €0.45 announcedShareholders will receive a dividend of €0.45. Ex-date: 6th July 2026 Payment date: 8th July 2026 Dividend yield will be 3.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.最新情報をもっと見るRecent updatesReported Earnings • Jul 26Second quarter 2026 earnings released: EPS: €1.15 (vs €0.19 in 2Q 2025)Second quarter 2026 results: EPS: €1.15 (up from €0.19 in 2Q 2025). Revenue: €18.3b (up 36% from 2Q 2025). Net income: €1.23b (up 466% from 2Q 2025). Profit margin: 6.7% (up from 1.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.お知らせ • Jul 24Repsol, S.A. Reaffirms Production Guidance for the Year 2026Repsol, S.A. reaffirmed production guidance for the year 2026. For the year, the company expected production remains in the range announced from 560,000 to 570,000 average barrels per day, probably in the high range of -- in the high part.New Risk • Jul 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Jul 24Repsol, S.A. (BME:REP) announces an Equity Buyback for 37,500,000 shares, for €500 million.Repsol, S.A. (BME:REP) announces a share repurchase program. Under the program, the company will repurchase up to 37,500,000 shares, for €500 million. The Buy-Back Program would be carried out with the sole purpose to acquire the own shares to be redeemed in the framework of the Capital Reduction approved by the Board of Directors under the terms of the General Meeting's Resolution. The shares will be repurchased at a price higher than the higher of the following the price of the last independent trade; or the highest current independent purchase bid on the trading venue where the purchase is carried out. The program is valid till October 29, 2026.Upcoming Dividend • Jun 29Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 06 July 2026. Payment date: 08 July 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Italian dividend payers (4.7%). In line with average of industry peers (5.1%).Declared Dividend • May 18Dividend of €0.45 announcedShareholders will receive a dividend of €0.45. Ex-date: 6th July 2026 Payment date: 8th July 2026 Dividend yield will be 3.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 05First quarter 2026 earnings released: EPS: €0.82 (vs €0.30 in 1Q 2025)First quarter 2026 results: EPS: €0.82 (up from €0.30 in 1Q 2025). Revenue: €15.6b (up 8.4% from 1Q 2025). Net income: €929.0m (up 165% from 1Q 2025). Profit margin: 5.9% (up from 2.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.New Risk • May 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.2% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change).お知らせ • Apr 11Repsol, S.A. to Report Q1, 2026 Results on Apr 30, 2026Repsol, S.A. announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Mar 26Repsol, S.A., Annual General Meeting, May 13, 2026Repsol, S.A., Annual General Meeting, May 13, 2026. Location: calle mendez alvaro 44, madrid, Spainお知らせ • Mar 11Repsol, S.A. (BME:REP) announces an Equity Buyback for 37,500,000 shares, for €350 million.Repsol, S.A. (BME:REP) announces a share repurchase program. Under the program, the company will repurchase up to 37,500,000 shares, for €350 million. The Buy-Back Program would be carried out with the sole purpose to acquire the own shares to be redeemed in the framework of the Capital Reduction approved by the Board of Directors under the terms of the General Meeting's Resolution. The shares will be repurchased at a price higher than the higher of the following the price of the last independent trade; or the highest current independent purchase bid on the trading venue where the purchase is carried out. The program is valid till July 30, 2026.New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (107% payout ratio). Share price has been volatile over the past 3 months (4.3% average weekly change).Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €22.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Oil and Gas industry in Europe. Total returns to shareholders of 70% over the past three years.Reported Earnings • Feb 20Full year 2025 earnings released: EPS: €1.62 (vs €1.43 in FY 2024)Full year 2025 results: EPS: €1.62 (up from €1.43 in FY 2024). Revenue: €54.9b (up 6.8% from FY 2024). Net income: €1.90b (up 12% from FY 2024). Profit margin: 3.5% (up from 3.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Upcoming Dividend • Jan 05Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 12 January 2026. Payment date: 14 January 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.1%. Within top quartile of Italian dividend payers (4.6%). In line with average of industry peers (6.0%).お知らせ • Dec 12Repsol, S.A. to Report Q4, 2025 Results on Feb 19, 2026Repsol, S.A. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026お知らせ • Nov 14Repsol Reportedly Weighs Merger of $19 Billion Upstream Unit with APARepsol, S.A. (BME:REP) is considering a reverse merger of its upstream unit with potential partners including US energy producer APA Corporation (NasdaqGS:APA), people with knowledge of the matter said, as it seeks ways to list the business in New York. The Spanish oil and gas company has held exploratory discussions with APA, formerly known as Apache Corp., about the possibility of a deal, according to the people. It has also held initial talks with other potential merger partners for the business, they said. Any deal could help Repsol bulk up the portfolio of its upstream business and provide it a faster route to becoming publicly traded. Repsol agreed in 2022 to sell a 25% stake in the upstream division to private equity firm EIG Global Energy Partners LLC in a deal valuing the business at $19 billion including debt. The transaction was aimed at helping the unit further expand in the US, while also raising funds for Repsol to invest in low-carbon activities. Executives have said they’re preparing the upstream unit for a potential “liquidity event,” such as a public listing, in 2026. Repsol Chief Executive Officer Josu Jon Imaz told analysts last month that company is considering options including an IPO of the business, a reverse merger with a US-listed group or the introduction of a new private investor. Deliberations are ongoing and there’s no certainty they will lead to a transaction, the people said, asking not to be identified because the information is private. Repsol continues to study a variety of options for the business and it may still opt for an IPO or stake sale, the people said. Representatives for APA, Repsol and EIG declined to comment.Declared Dividend • Nov 03Dividend of €0.41 announcedShareholders will receive a dividend of €0.41. Ex-date: 12th January 2026 Payment date: 14th January 2026 Dividend yield will be 5.1%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: €0.49 (vs €0.13 in 3Q 2024)Third quarter 2025 results: EPS: €0.49 (up from €0.13 in 3Q 2024). Revenue: €13.2b (down 3.6% from 3Q 2024). Net income: €574.0m (up 246% from 3Q 2024). Profit margin: 4.3% (up from 1.2% in 3Q 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Oct 03Repsol, S.A. to Report Q3, 2025 Results on Oct 30, 2025Repsol, S.A. announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025お知らせ • Jul 31NEO Energy Group Limited completed the acquisition of Repsol Resources UK Limited from Repsol, S.A. (BME:REP).NEO Energy Group Limited agreed to acquire Repsol Resources UK Limited from Repsol, S.A. (BME:REP) on March 27, 2025. The transaction is through a share-for-share combination. Under the terms of the Transaction, the combined business will be jointly owned by NEO Energy (55%) and Repsol UK (45%). The combined group will be renamed NEO NEXT Energy Limited. Completion of the Transaction remains subject to approvals from the relevant authorities and regulatory consents and is expected during the third quarter of 2025. Jefferies acted as financial advisor to NEO Energy in the transaction. Hywel Davies, Alex Dustan, Lisa Wright, Charles Osborne, Edward Milliner, Samay Shah, Daniel Schaffer, Philippa O'Malley and David Rintoul of Slaughter and May acted as legal advisor to Repsol Resources UK Limited. CMS acted as legal advisor to HitecVision. NEO Energy Group Limited completed the acquisition of Repsol Resources UK Limited from Repsol, S.A. (BME:REP) on July 30, 2025.お知らせ • Jul 29Repsol, S.A. (BME:REP) acquired an unknown minority stake in OÜ Stargate Hydrogen.Repsol, S.A. (BME:REP) acquired an unknown minority stake in OÜ Stargate Hydrogen on July 28, 2025. Repsol, S.A. (BME:REP) completed the acquisition of an unknown minority stake in OÜ Stargate Hydrogen on July 28, 2025.Reported Earnings • Jul 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €13.5b (down 8.2% from 2Q 2024). Net income: €252.0m (down 63% from 2Q 2024). Profit margin: 1.9% (down from 4.6% in 2Q 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Jul 10Repsol, S.A. to Report Q2, 2025 Results on Jul 24, 2025Repsol, S.A. announced that they will report Q2, 2025 results on Jul 24, 2025Upcoming Dividend • Jun 27Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 04 July 2025. Payment date: 08 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.8%. Within top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (6.4%).Reported Earnings • May 02First quarter 2025 earnings released: EPS: €0.30 (vs €0.79 in 1Q 2024)First quarter 2025 results: EPS: €0.30 (down from €0.79 in 1Q 2024). Revenue: €14.4b (down 5.1% from 1Q 2024). Net income: €366.0m (down 62% from 1Q 2024). Profit margin: 2.5% (down from 6.3% in 1Q 2024). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • Apr 12Repsol, S.A. announced that it expects to receive €2.5 million in fundingRepsol, S.A. announced a private placement that it will receive funding of €2,500,000 on April 10, 2025.お知らせ • Apr 08Repsol, S.A. to Report Q1, 2025 Results on Apr 30, 2025Repsol, S.A. announced that they will report Q1, 2025 results on Apr 30, 2025Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €10.07, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total loss to shareholders of 9.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.76 per share.Buy Or Sell Opportunity • Apr 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.2% to €11.41. The fair value is estimated to be €14.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 3.9%. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period.お知らせ • Mar 28Repsol, S.A., Annual General Meeting, May 29, 2025Repsol, S.A., Annual General Meeting, May 29, 2025. Location: palacio municipal de congresos, avenida de la capital de espana madrid, sin numero, campo de las naciones, madrid SpainBuy Or Sell Opportunity • Mar 04Now 21% undervaluedOver the last 90 days, the stock has risen 3.1% to €11.82. The fair value is estimated to be €14.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 3.9%. For the next 3 years, revenue is forecast to grow by 0.1% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.Reported Earnings • Feb 23Full year 2024 earnings released: EPS: €9.43 (vs €2.46 in FY 2023)Full year 2024 results: EPS: €9.43. Revenue: €57.1b (up 7.5% from FY 2023). Net income: €1.76b (down 44% from FY 2023). Profit margin: 3.1% (down from 5.9% in FY 2023). Revenue is forecast to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat.Declared Dividend • Feb 23Final dividend of €0.41 announcedShareholders will receive a dividend of €0.41. Ex-date: 4th July 2025 Payment date: 8th July 2025 Dividend yield will be 6.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (470% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 90% over the next 3 years. Since a fall of 38% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.New Risk • Feb 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (470% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin).お知らせ • Feb 21Repsol, S.A. (BME:REP) announces an Equity Buyback for 50,000,000 shares, for €300 million.Repsol, S.A. (BME:REP) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, for €300 million. The Buy-Back Program would be carried out with the sole purpose to acquire the own shares to be redeemed in the framework of the Capital Reduction approved by the Board of Directors under the terms of the General Meeting's Resolution. The shares will be repurchased at a price higher than the higher of the following the price of the last independent trade; or the highest current independent purchase bid on the trading venue where the purchase is carried out. The program is valid till July 30, 2025.お知らせ • Feb 12Repsol, S.A. (BME:REP) completed the acquisition of Three industrial facilities of Bunge Iberica.Repsol, S.A. (BME:REP) agreed to acquire Three industrial facilities of Bunge Iberica for approximately €310 million on March 26, 2024. The consideration of total amount €276.5 million plus up to €36.9 million in contingent payments. The transaction is subject to customary closing conditions, including regulatory approvals. Latham & Watkins LLP acted as legal advisor to Repsol, S.A. Repsol, S.A. (BME:REP) completed the acquisition of Three industrial facilities of Bunge Iberica on February 11, 2025. The European Commission's Executive Vice-President for Clean, Fair and Competitive Transition, Teresa Ribera, has approved the purchase of Bunge's terminals by Repsol.Buy Or Sell Opportunity • Jan 10Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.6% to €11.71. The fair value is estimated to be €15.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 1.7% per annum. Earnings are forecast to grow by 3.2% per annum over the same time period.Upcoming Dividend • Jan 03Upcoming dividend of €0.38 per shareEligible shareholders must have bought the stock before 10 January 2025. Payment date: 14 January 2025. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 8.2%. Within top quartile of Italian dividend payers (5.1%). Higher than average of industry peers (7.2%).お知らせ • Dec 14Repsol, S.A. to Report Q4, 2024 Results on Feb 20, 2025Repsol, S.A. announced that they will report Q4, 2024 results on Feb 20, 2025New Risk • Nov 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 6.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (340% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin).Buy Or Sell Opportunity • Nov 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to €11.77. The fair value is estimated to be €14.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to decline by 2.7% per annum. Earnings are also forecast to decline by 6.0% per annum over the same time period.お知らせ • Sep 25Grenergy Renovables, S.A. (BME:GRE) acquired Solar Portfolio in Chile from Repsol, S.A. (BME:REP) and Ibereolica Renovables S.L. for approximately $130 million.Grenergy Renovables, S.A. (BME:GRE) acquired Solar Portfolio in Chile from Repsol, S.A. (BME:REP) and Ibereolica Renovables S.L. for approximately $130 million on September 23, 2024. A cash consideration of $128 million will be paid by Grenergy Renovables, S.A. As part of consideration, $128 million is paid towards assets of Solar Portfolio in Chile. Grenergy Renovables, S.A. (BME:GRE) completed the acquisition of Solar Portfolio in Chile from Repsol, S.A. (BME:REP) and Ibereolica Renovables S.L. on September 23, 2024. Luis Alonso and Javier Hermosilla of Clifford Chance S.L.P. acted as legal advisor to Grenergy Renovables, S.A. (BME:GRE).お知らせ • Aug 29Repsol Reportedly Calls Off Sale of Norwegian Unit, Repsol NorgeRepsol, S.A. (BME:REP) has called off the sale of its Norwegian unit, Repsol Norge AS, according to three sources with knowledge of the negotiations. Repsol enlisted investment bank Rothschild to manage the sale, which includes 10 assets located on the Norwegian Continental Shelf, Reuters reported in March. The assets include seven producing fields with net reserves of 53 million barrels of oil equivalent (mmboe), 36% of which are gas, and a projected 2024 net production of 29 mmboe, according to a marketing document distributed by the investment bank earlier this year. A spokesperson for Repsol declined to comment. The company is prioritising the disposal of other assets, one of the sources said, speaking on condition of anonymity because the matter is private.お知らせ • Jul 26Repsol Mulls Full Acquisition of Hecate EnergyRepsol, S.A. (BME:REP) is holding talks with Hecate Holdings LLC to possibly acquire its 60% stake in their shared solar and storage project development company in the United States, Hecate Energy Group LLC (HEG). Repsol owns 40% of the Chicago-based solar and storage firm, after acquiring the stake three years ago to gain a foothold in the US renewables market. The agreement included the option for Repsol to acquire all remaining shares in HEG three years after the close of the deal, which took place on June 25, 2021. On June 25, 2024, Hecate Holdings informed Repsol of the exercise of its put option to sell 60% stake in HEG, the Spanish group disclosed in its earnings report filing on 24 July 2024. "The parties are currently in discussions as to the next steps to be taken, as well as possible transaction alternatives," Repsol said.Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: €0.54 (vs €0.24 in 2Q 2023)Second quarter 2024 results: EPS: €0.54 (up from €0.24 in 2Q 2023). Revenue: €14.7b (up 13% from 2Q 2023). Net income: €657.0m (up 103% from 2Q 2023). Profit margin: 4.5% (up from 2.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.0% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Jul 07Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €14.38. The fair value is estimated to be €18.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.05% per annum. Earnings are also forecast to decline by 1.6% per annum over the same time period.お知らせ • Jun 01Repsol Reportedly Seeks Partner for USD 600 Million US Renewables PortfolioSpain’s Repsol, S.A. (BME:REP) is seeking to land a partner to pass on to it a 50% stake in its renewables portfolio of some 800 MW of assets in the United States, Spanish business daily newspaper Expansion reported on May 30, 2024. The package, valued at around EUR 600 million (USD 649.9 million), would include Repsol’s Jicariila and Frye solar farms, Expansion said, citing sources in the renewables market. Jicarilla in New Mexico consists of two 62.5-MW solar farms and a 20-MW battery storage system. The 637-MW Frye Solar plant in Texas was recently completed. Repsol, which is still looking for advisor banks, is expected to put the portfolio on the market in the second half of the year. The offer may be adjusted until then depending on the market situation or the degree of development of other asset that may be added to the deal, the report stated. Spanish bank Banco Sabadell said in a note that the potential deal is positive news with limited impact as it would part of Repsol’s strategy of growth through asset rotation and alliances.お知らせ • May 09Santos, Repsol Reportedly Explore Sale of Stakes in Alaska OilfieldsOil and gas producers Santos Limited (ASX:STO) and Repsol, S.A. (BME:REP) are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1 billion, according to people familiar with the matter. The oilfields include the Pikka project, which is one of the largest oil prospects in Alaska and has been valued at about $4.5 billion by consultancy firm Rystad Energy. The companies are working with an investment bank to jointly sell minority stakes in Pikka, alongside partial interests in the Horseshoe and Quokka fields that are located in the North Slope region of Alaska, the sources said, requesting anonymity as the discussions are confidential. Repsol and Santos declined to comment. The stakes are so-called non-operating positions, meaning the owner gets a share of the proceeds from the sale of hydrocarbons without needing to undertake any drilling or be involved in operations. They are required to contribute to their share of costs. Potential buyer interest will likely be impacted by factors including legal and environmental risks, the sources said, cautioning a deal is not guaranteed.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: €0.79 (vs €0.85 in 1Q 2023)First quarter 2024 results: EPS: €0.79 (down from €0.85 in 1Q 2023). Revenue: €15.2b (down 1.2% from 1Q 2023). Net income: €954.0m (down 13% from 1Q 2023). Profit margin: 6.3% (down from 7.1% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.7% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Apr 26Now 20% undervaluedOver the last 90 days, the stock has risen 11% to €14.98. The fair value is estimated to be €18.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are forecast to decline by 1.0% per annum over the same time period.New Risk • Apr 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Apr 12Repsol Completes the Construction of Frye Solar in the United States, Its Largest Solar PlantRepsol has completed construction of its Frye Solar project, its largest photovoltaic plant to date, with a total installed capacity of 637 MW and 570 MW currently in operation. Located in the United States, the Frye Solar project was built near the city of Kress, Swisher County, Texas. Frye Solar is comprised of almost one million solar panels. Repsol has already signed a long-term power purchase agreement (PPA) for 89% of the output from this project as part of its strategy to lock in returns for this type of asset. Repsol's total renewable installed and under development capacity in Texas is 2,091 MW, including the facilities at Frye (637 MW), Outpost (629 MW), and Pinnington (825 MW). In addition, Repsol already generates renewable electricity at its existing solar power plants in New Mexico, Jicarilla 1 and 2, with a total installed capacityof 125 MW and 20 MW of battery storage. Repsol entered the U.S. onshore wind market with the acquisition last year of ConnectGen from Quantum Capital Group. Renewable energy generation is currently one of the pillars of Repsol's decarbonization strategy. According to the Strategic Update, Repsol will invest between EUR3 and 4 billion to organically develop its global project portfolio and aims to reach between 9,000 MW and 10,000 MW of installed capacity by 2027. Of this, 30% will be in the United States, after consolidating the Hecate and ConnectGen project pipeline.Buy Or Sell Opportunity • Apr 10Now 20% undervaluedOver the last 90 days, the stock has risen 20% to €15.61. The fair value is estimated to be €19.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings are also forecast to grow by 0.3% per annum over the same time period.お知らせ • Mar 22Repsol, S.A., Annual General Meeting, May 09, 2024Repsol, S.A., Annual General Meeting, May 09, 2024, at 12:00 Central European Standard Time. Agenda: To review and approval, if appropriate, of the Annual Financial Statements and Management Report of Repsol, S.A. and the Consolidated Annual Financial Statements and Consolidated Management Report, for fiscal year ended 31 December 2023; to review and approval, if appropriate, of the proposal for the allocation of results in 2023; to review and approval, if appropriate, of the Statement of Non-Financial Information for fiscal year ended 31 December 2023; to review and approval, if appropriate, of the management of the Board of Directors of Repsol, S.A. during 2023;to appointment of the Accounts Auditor of Repsol, S.A. and its Consolidated Group for fiscal year 2024.Reported Earnings • Feb 25Full year 2023 earnings released: EPS: €2.46 (vs €2.96 in FY 2022)Full year 2023 results: EPS: €2.46 (down from €2.96 in FY 2022). Revenue: €58.9b (down 15% from FY 2022). Net income: €3.17b (down 24% from FY 2022). Profit margin: 5.4% (down from 6.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 4.4% p.a. on average during the next 3 years compared to a 2.3% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 18+ 3 more updatesRepsol, S.A. to Report Q3, 2024 Results on Oct 31, 2024Repsol, S.A. announced that they will report Q3, 2024 results on Oct 31, 2024Upcoming Dividend • Jan 02Upcoming dividend of €0.32 per share at 5.6% yieldEligible shareholders must have bought the stock before 09 January 2024. Payment date: 11 January 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Italian dividend payers (5.2%). Lower than average of industry peers (8.8%).お知らせ • Nov 17Pontegadea Inversiones, S.L agreed to acquire 618 MW renewable portfolio in Spain from Repsol, S.A. (BME:REP) for €363 million.Pontegadea Inversiones, S.L 618 MW agreed to acquire renewable portfolio in Spain from Repsol, S.A. (BME:REP) for €363 million on November 16, 2023.お知らせ • Nov 10Zara Founder Amancio Ortega Reportedly Raises Bet on Renewables with Potential Repsol DealIndustria de Diseño Textil, S.A. (BME:ITX) Founder Amancio Ortega's investment firm Pontegadea Inversiones, S.L is pushing further into renewable energy, closing in on a deal with Repsol, S.A. (BME:REP) to buy a 49% stake in a portfolio of wind farms and photovoltaic power plants in Spain, two sources familiar with the deal told Reuters. The Spanish fashion retail billionaire's potential acquisition would expand Pontegadea's investments in renewable energy. His family office has already bought minority stakes in energy assets, such as a 5% stake in Spanish gas grid operator Enagás, S.A. (BME:ENG)’s renewable and hydrogen unit Enagás Renovable, S.L.U. The Repsol renewable projects up for sale have a total capacity of about 600 megawatts and the transaction values them around EUR 700 million ($747.18 million), sources said. The agreement may come as soon as next week, one of the sources said. A Repsol spokesperson declined to comment. "As usual, we do not have any comments on rumours about market operations while they are open," a spokesperson for Pontegadea said. The deal is in line with Repsol's strategy to fund its shift from oil and gas to renewables by selling minority stakes in renewable projects. The company has a goal of reaching 20 gigawatts (GW) of installed renewables capacity by the end of the decade and has been active on the M&A front.Reported Earnings • Oct 28Third quarter 2023 earnings released: EPS: €1.07 (vs €0.47 in 3Q 2022)Third quarter 2023 results: EPS: €1.07 (up from €0.47 in 3Q 2022). Revenue: €15.6b (down 25% from 3Q 2022). Net income: €1.37b (up 100% from 3Q 2022). Profit margin: 8.8% (up from 3.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 5.1% p.a. on average during the next 3 years compared to a 5.5% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 09Repsol, S.A. (BME:REP) signed an agreement to acquire ConnectGen LLC from 547 Energy LLC for $768 million.Repsol, S.A. (BME:REP) signed an agreement to acquire ConnectGen LLC from 547 Energy LLC for $768 million on September 7, 2023. Current ConnectGen employees, including senior management, will join the Repsol Renewables’ team. The deal is expected to be closed before end of the year, subject to customary regulatory approvals. Guggenheim Securities LLC served as financial advisor and Baker Botts LLP served as legal counsel to Repsol. Wells Fargo Securities LLC and Nomura Securities International Inc served as financial advisors and John Pitts and Zach Savrick of Kirkland & Ellis LLP served as legal counsel to Quantum, 547 Energy and ConnectGen.Reported Earnings • Jul 30Second quarter 2023 earnings released: EPS: €0.23 (vs €0.79 in 2Q 2022)Second quarter 2023 results: EPS: €0.23 (down from €0.79 in 2Q 2022). Revenue: €13.1b (down 38% from 2Q 2022). Net income: €293.0m (down 74% from 2Q 2022). Profit margin: 2.2% (down from 5.4% in 2Q 2022). Revenue is expected to fall by 6.2% p.a. on average during the next 3 years compared to a 6.0% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 29Repsol, S.A. (BME:REP) announces an Equity Buyback for 50,000,000 shares, representing 3.91% for €850 million.Repsol, S.A. (BME:REP) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, representing approximately 3.91% of its issued share capital for €850 million. The program will expire on December 15, 2023.お知らせ • Jul 06Enel Dismisses Rumours over Sale of EndesaEnel SpA (BIT:ENEL) dismissed suggestions that it is planning to sell its majority stake in Spain’s Endesa, S.A. (BME:ELE) and that a deal had been discussed involving energy group Repsol, S.A. (BME:REP). El Confidencial reported on July 4, 2023 that Repsol Chairman Antonio Brufau had met Borja Prado, an investment banker and former Endesa chairman, to discuss a potential takeover of Endesa before Spain’s election this month. “Enel dismisses the rumours about Endesa as totally groundless,” the Italian power group said in a statement, responding to a report by Spain’s El Confidencial. “Enel has no intentions of selling its stakes in Endesa, neither now nor in the future, as the company is a key asset for its strategy.” The Italian company also emphasised that there have been no discussions on any such deal. “There has never been any meeting between the managers of Enel and Repsol, nor with Borja Prado. This false news risks having distorting effects on the performance of the stock market,” it added. A Repsol spokesperson said that company is not studying any deal for Endesa. Enel’s 70% stake in Endesa, Spain’s largest electricity provider, has a market value of nearly EUR 15 billion ($16 billion) at July 4, 2023 share prices. Its sale would significantly reduce Enel’s net debt, analysts at Equita brokerage said in a report. However, it added that the Italian group’s current asset disposal strategy does not include the stake in the Spanish group.Upcoming Dividend • Jun 27Upcoming dividend of €0.28 per share at 5.7% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (9.3%).お知らせ • May 26Repsol Reportedly to Sell 49% Stake in Wind, Solar Portfolio in SpainRepsol, S.A. (BME:REP) has launched a search for a minority partner that will acquire a 49% stake in its portfolio of solar photovoltaic and wind power assets in Spain, according to media reports in the country. On the table are some 600 MW of power plants in operation or about to start operations, the reports said. The deal is still in infant stages, with closure expected to take place at the end of 2023, news agency Europa Press reported citing market sources. The transaction could be worth between EUR 700 million (USD 749.7 million) and EUR 800 million, Spanish newspaper El Confidencial has learned. Repsol declined to comment on any of the reports, the media said.お知らせ • May 04Repsol, S.A. (BME:REP) intends to acquire 50.01% stake in Cide Hcenergía, S.A. from Cide Servicios Comerciales De Energia SlRepsol, S.A. (BME:REP) intends to acquire 50.01% stake in Cide Hcenergía, S.A. from Cide Servicios Comerciales De Energia Sl on May 3, 2023.Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: €0.85 (vs €0.94 in 1Q 2022)First quarter 2023 results: EPS: €0.85 (down from €0.94 in 1Q 2022). Revenue: €15.4b (down 11% from 1Q 2022). Net income: €1.11b (down 19% from 1Q 2022). Profit margin: 7.2% (down from 7.9% in 1Q 2022). Revenue is expected to fall by 5.0% p.a. on average during the next 3 years compared to a 4.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 18Full year 2022 earnings released: EPS: €2.96 (vs €1.64 in FY 2021)Full year 2022 results: EPS: €2.96 (up from €1.64 in FY 2021). Revenue: €75.2b (up 69% from FY 2021). Net income: €4.25b (up 74% from FY 2021). Profit margin: 5.7% (up from 5.5% in FY 2021). Oil sales price Average sales price/bbl (hedged): US$84.21 Gas sales price Average sales price/mcf (hedged): US$6.92 Combined production Oil equivalent production: 192.112 MMboe (209 MMboe in FY 2021) Revenue is expected to fall by 11% p.a. on average during the next 3 years compared to a 7.4% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 10+ 2 more updatesRepsol, S.A. to Report Q3, 2023 Results on Oct 26, 2023Repsol, S.A. announced that they will report Q3, 2023 results at 8:00 AM, Central European Standard Time on Oct 26, 2023お知らせ • Jan 18Repsol, S.A. to Report Q4, 2022 Results on Feb 16, 2023Repsol, S.A. announced that they will report Q4, 2022 results at 9:00 AM, Romance Standard Time on Feb 16, 2023Upcoming Dividend • Jan 02Upcoming dividend of €0.28 per shareEligible shareholders must have bought the stock before 09 January 2023. Payment date: 11 January 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (7.8%).株主還元1REPIT Oil and GasIT 市場7D-4.1%-1.1%2.8%1Y89.4%38.1%25.1%株主還元を見る業界別リターン: 1REP過去 1 年間で38.1 % の収益を上げたItalian Oil and Gas業界を上回りました。リターン対市場: 1REP過去 1 年間で25.1 % の収益を上げたItalian市場を上回りました。価格変動Is 1REP's price volatile compared to industry and market?1REP volatility1REP Average Weekly Movement4.7%Oil and Gas Industry Average Movement5.7%Market Average Movement4.6%10% most volatile stocks in IT Market8.0%10% least volatile stocks in IT Market2.8%安定した株価: 1REP 、 Italian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 1REPの 週次ボラティリティ ( 5% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト192724,881Josu Imaz San Miguelwww.repsol.comRepsol, S.A. は、スペイン、ペルー、米国、ポルトガル、および国際的なマルチeエネルギー企業として事業を展開している。同社は上流部門、産業部門、顧客部門、低炭素発電部門を通じて事業を展開している。上流部門は、原油・天然ガスの探鉱・開発・生産に従事し、低炭素地質ソリューションを開発している。産業セグメントは、石油精製と石油化学事業、原油・天然ガス・燃料の取引・輸送・販売、水素・持続可能なバイオ燃料・合成燃料の開発に従事している。顧客部門は、モビリティ、燃料製品、電力・ガス、潤滑油、その他特殊製品の販売に携わる。低炭素発電部門は、低排出ガス発電と再生可能エネルギーに従事している。また、アスファルト製品の提供、サービスステーションの設置・運営・管理、海上サービスの提供、石油精製所の建設・運営、炭化水素の探査・生産、人材提供、配電・電力供給、新エネルギープロジェクト・太陽光・風力プロジェクトの開発、化学製品・潤滑油の製造・販売も行っている。また、燃料・特殊製品の販売、研究、取引・輸送、保険・再保険、安全、金融活動、水素の製造プロセス開発、貯蔵、輸送、使用、消費、変換、脱炭素化活動、分子リサイクル施設の推進・設計・建設・運営にも携わっている。さらに、同社は合成油クロスを製造し、液化プラント・プロジェクトに投資している。以前はレプソルYPF社として知られていたが、2012年5月にレプソル社に社名を変更した。レプソルS A.は1927年に設立され、スペインのマドリードに本社を置いている。もっと見るRepsol, S.A. 基礎のまとめRepsol の収益と売上を時価総額と比較するとどうか。1REP 基礎統計学時価総額€27.58b収益（TTM）€3.42b売上高(TTM)€54.36b8.1xPER（株価収益率0.5xP/Sレシオ1REP は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計1REP 損益計算書（TTM）収益€54.36b売上原価€37.16b売上総利益€17.20bその他の費用€13.78b収益€3.42b直近の収益報告Jun 30, 2026次回決算日Oct 29, 2026一株当たり利益（EPS）3.14グロス・マージン31.64%純利益率6.29%有利子負債／自己資本比率34.8%1REP の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.3%現在の配当利回り35%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/07 03:39終値2026/08/07 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Repsol, S.A. 20 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。47 アナリスト機関null nullBanco de Sabadell. S.A.Virginia RomeroBanco de Sabadell. S.A.Alejandro VigilBanco Santander44 その他のアナリストを表示
Reported Earnings • Jul 26Second quarter 2026 earnings released: EPS: €1.15 (vs €0.19 in 2Q 2025)Second quarter 2026 results: EPS: €1.15 (up from €0.19 in 2Q 2025). Revenue: €18.3b (up 36% from 2Q 2025). Net income: €1.23b (up 466% from 2Q 2025). Profit margin: 6.7% (up from 1.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
お知らせ • Jul 24Repsol, S.A. Reaffirms Production Guidance for the Year 2026Repsol, S.A. reaffirmed production guidance for the year 2026. For the year, the company expected production remains in the range announced from 560,000 to 570,000 average barrels per day, probably in the high range of -- in the high part.
New Risk • Jul 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Jul 24Repsol, S.A. (BME:REP) announces an Equity Buyback for 37,500,000 shares, for €500 million.Repsol, S.A. (BME:REP) announces a share repurchase program. Under the program, the company will repurchase up to 37,500,000 shares, for €500 million. The Buy-Back Program would be carried out with the sole purpose to acquire the own shares to be redeemed in the framework of the Capital Reduction approved by the Board of Directors under the terms of the General Meeting's Resolution. The shares will be repurchased at a price higher than the higher of the following the price of the last independent trade; or the highest current independent purchase bid on the trading venue where the purchase is carried out. The program is valid till October 29, 2026.
Upcoming Dividend • Jun 29Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 06 July 2026. Payment date: 08 July 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Italian dividend payers (4.7%). In line with average of industry peers (5.1%).
Declared Dividend • May 18Dividend of €0.45 announcedShareholders will receive a dividend of €0.45. Ex-date: 6th July 2026 Payment date: 8th July 2026 Dividend yield will be 3.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 26Second quarter 2026 earnings released: EPS: €1.15 (vs €0.19 in 2Q 2025)Second quarter 2026 results: EPS: €1.15 (up from €0.19 in 2Q 2025). Revenue: €18.3b (up 36% from 2Q 2025). Net income: €1.23b (up 466% from 2Q 2025). Profit margin: 6.7% (up from 1.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
お知らせ • Jul 24Repsol, S.A. Reaffirms Production Guidance for the Year 2026Repsol, S.A. reaffirmed production guidance for the year 2026. For the year, the company expected production remains in the range announced from 560,000 to 570,000 average barrels per day, probably in the high range of -- in the high part.
New Risk • Jul 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Jul 24Repsol, S.A. (BME:REP) announces an Equity Buyback for 37,500,000 shares, for €500 million.Repsol, S.A. (BME:REP) announces a share repurchase program. Under the program, the company will repurchase up to 37,500,000 shares, for €500 million. The Buy-Back Program would be carried out with the sole purpose to acquire the own shares to be redeemed in the framework of the Capital Reduction approved by the Board of Directors under the terms of the General Meeting's Resolution. The shares will be repurchased at a price higher than the higher of the following the price of the last independent trade; or the highest current independent purchase bid on the trading venue where the purchase is carried out. The program is valid till October 29, 2026.
Upcoming Dividend • Jun 29Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 06 July 2026. Payment date: 08 July 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Italian dividend payers (4.7%). In line with average of industry peers (5.1%).
Declared Dividend • May 18Dividend of €0.45 announcedShareholders will receive a dividend of €0.45. Ex-date: 6th July 2026 Payment date: 8th July 2026 Dividend yield will be 3.8%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 3.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 05First quarter 2026 earnings released: EPS: €0.82 (vs €0.30 in 1Q 2025)First quarter 2026 results: EPS: €0.82 (up from €0.30 in 1Q 2025). Revenue: €15.6b (up 8.4% from 1Q 2025). Net income: €929.0m (up 165% from 1Q 2025). Profit margin: 5.9% (up from 2.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
New Risk • May 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 7.2% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change).
お知らせ • Apr 11Repsol, S.A. to Report Q1, 2026 Results on Apr 30, 2026Repsol, S.A. announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Mar 26Repsol, S.A., Annual General Meeting, May 13, 2026Repsol, S.A., Annual General Meeting, May 13, 2026. Location: calle mendez alvaro 44, madrid, Spain
お知らせ • Mar 11Repsol, S.A. (BME:REP) announces an Equity Buyback for 37,500,000 shares, for €350 million.Repsol, S.A. (BME:REP) announces a share repurchase program. Under the program, the company will repurchase up to 37,500,000 shares, for €350 million. The Buy-Back Program would be carried out with the sole purpose to acquire the own shares to be redeemed in the framework of the Capital Reduction approved by the Board of Directors under the terms of the General Meeting's Resolution. The shares will be repurchased at a price higher than the higher of the following the price of the last independent trade; or the highest current independent purchase bid on the trading venue where the purchase is carried out. The program is valid till July 30, 2026.
New Risk • Mar 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (107% payout ratio). Share price has been volatile over the past 3 months (4.3% average weekly change).
Valuation Update With 7 Day Price Move • Mar 03Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €22.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Oil and Gas industry in Europe. Total returns to shareholders of 70% over the past three years.
Reported Earnings • Feb 20Full year 2025 earnings released: EPS: €1.62 (vs €1.43 in FY 2024)Full year 2025 results: EPS: €1.62 (up from €1.43 in FY 2024). Revenue: €54.9b (up 6.8% from FY 2024). Net income: €1.90b (up 12% from FY 2024). Profit margin: 3.5% (up from 3.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jan 05Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 12 January 2026. Payment date: 14 January 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.1%. Within top quartile of Italian dividend payers (4.6%). In line with average of industry peers (6.0%).
お知らせ • Dec 12Repsol, S.A. to Report Q4, 2025 Results on Feb 19, 2026Repsol, S.A. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026
お知らせ • Nov 14Repsol Reportedly Weighs Merger of $19 Billion Upstream Unit with APARepsol, S.A. (BME:REP) is considering a reverse merger of its upstream unit with potential partners including US energy producer APA Corporation (NasdaqGS:APA), people with knowledge of the matter said, as it seeks ways to list the business in New York. The Spanish oil and gas company has held exploratory discussions with APA, formerly known as Apache Corp., about the possibility of a deal, according to the people. It has also held initial talks with other potential merger partners for the business, they said. Any deal could help Repsol bulk up the portfolio of its upstream business and provide it a faster route to becoming publicly traded. Repsol agreed in 2022 to sell a 25% stake in the upstream division to private equity firm EIG Global Energy Partners LLC in a deal valuing the business at $19 billion including debt. The transaction was aimed at helping the unit further expand in the US, while also raising funds for Repsol to invest in low-carbon activities. Executives have said they’re preparing the upstream unit for a potential “liquidity event,” such as a public listing, in 2026. Repsol Chief Executive Officer Josu Jon Imaz told analysts last month that company is considering options including an IPO of the business, a reverse merger with a US-listed group or the introduction of a new private investor. Deliberations are ongoing and there’s no certainty they will lead to a transaction, the people said, asking not to be identified because the information is private. Repsol continues to study a variety of options for the business and it may still opt for an IPO or stake sale, the people said. Representatives for APA, Repsol and EIG declined to comment.
Declared Dividend • Nov 03Dividend of €0.41 announcedShareholders will receive a dividend of €0.41. Ex-date: 12th January 2026 Payment date: 14th January 2026 Dividend yield will be 5.1%, which is lower than the industry average of 6.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Nov 02Third quarter 2025 earnings released: EPS: €0.49 (vs €0.13 in 3Q 2024)Third quarter 2025 results: EPS: €0.49 (up from €0.13 in 3Q 2024). Revenue: €13.2b (down 3.6% from 3Q 2024). Net income: €574.0m (up 246% from 3Q 2024). Profit margin: 4.3% (up from 1.2% in 3Q 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Oct 03Repsol, S.A. to Report Q3, 2025 Results on Oct 30, 2025Repsol, S.A. announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025
お知らせ • Jul 31NEO Energy Group Limited completed the acquisition of Repsol Resources UK Limited from Repsol, S.A. (BME:REP).NEO Energy Group Limited agreed to acquire Repsol Resources UK Limited from Repsol, S.A. (BME:REP) on March 27, 2025. The transaction is through a share-for-share combination. Under the terms of the Transaction, the combined business will be jointly owned by NEO Energy (55%) and Repsol UK (45%). The combined group will be renamed NEO NEXT Energy Limited. Completion of the Transaction remains subject to approvals from the relevant authorities and regulatory consents and is expected during the third quarter of 2025. Jefferies acted as financial advisor to NEO Energy in the transaction. Hywel Davies, Alex Dustan, Lisa Wright, Charles Osborne, Edward Milliner, Samay Shah, Daniel Schaffer, Philippa O'Malley and David Rintoul of Slaughter and May acted as legal advisor to Repsol Resources UK Limited. CMS acted as legal advisor to HitecVision. NEO Energy Group Limited completed the acquisition of Repsol Resources UK Limited from Repsol, S.A. (BME:REP) on July 30, 2025.
お知らせ • Jul 29Repsol, S.A. (BME:REP) acquired an unknown minority stake in OÜ Stargate Hydrogen.Repsol, S.A. (BME:REP) acquired an unknown minority stake in OÜ Stargate Hydrogen on July 28, 2025. Repsol, S.A. (BME:REP) completed the acquisition of an unknown minority stake in OÜ Stargate Hydrogen on July 28, 2025.
Reported Earnings • Jul 25Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €13.5b (down 8.2% from 2Q 2024). Net income: €252.0m (down 63% from 2Q 2024). Profit margin: 1.9% (down from 4.6% in 2Q 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Jul 10Repsol, S.A. to Report Q2, 2025 Results on Jul 24, 2025Repsol, S.A. announced that they will report Q2, 2025 results on Jul 24, 2025
Upcoming Dividend • Jun 27Upcoming dividend of €0.41 per shareEligible shareholders must have bought the stock before 04 July 2025. Payment date: 08 July 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.8%. Within top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (6.4%).
Reported Earnings • May 02First quarter 2025 earnings released: EPS: €0.30 (vs €0.79 in 1Q 2024)First quarter 2025 results: EPS: €0.30 (down from €0.79 in 1Q 2024). Revenue: €14.4b (down 5.1% from 1Q 2024). Net income: €366.0m (down 62% from 1Q 2024). Profit margin: 2.5% (down from 6.3% in 1Q 2024). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 12Repsol, S.A. announced that it expects to receive €2.5 million in fundingRepsol, S.A. announced a private placement that it will receive funding of €2,500,000 on April 10, 2025.
お知らせ • Apr 08Repsol, S.A. to Report Q1, 2025 Results on Apr 30, 2025Repsol, S.A. announced that they will report Q1, 2025 results on Apr 30, 2025
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €10.07, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Oil and Gas industry in Europe. Total loss to shareholders of 9.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.76 per share.
Buy Or Sell Opportunity • Apr 03Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.2% to €11.41. The fair value is estimated to be €14.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 3.9%. For the next 3 years, revenue is forecast to grow by 1.3% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period.
お知らせ • Mar 28Repsol, S.A., Annual General Meeting, May 29, 2025Repsol, S.A., Annual General Meeting, May 29, 2025. Location: palacio municipal de congresos, avenida de la capital de espana madrid, sin numero, campo de las naciones, madrid Spain
Buy Or Sell Opportunity • Mar 04Now 21% undervaluedOver the last 90 days, the stock has risen 3.1% to €11.82. The fair value is estimated to be €14.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has declined by 3.9%. For the next 3 years, revenue is forecast to grow by 0.1% per annum. Earnings are also forecast to grow by 11% per annum over the same time period.
Reported Earnings • Feb 23Full year 2024 earnings released: EPS: €9.43 (vs €2.46 in FY 2023)Full year 2024 results: EPS: €9.43. Revenue: €57.1b (up 7.5% from FY 2023). Net income: €1.76b (down 44% from FY 2023). Profit margin: 3.1% (down from 5.9% in FY 2023). Revenue is forecast to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat.
Declared Dividend • Feb 23Final dividend of €0.41 announcedShareholders will receive a dividend of €0.41. Ex-date: 4th July 2025 Payment date: 8th July 2025 Dividend yield will be 6.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (470% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 90% over the next 3 years. Since a fall of 38% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
New Risk • Feb 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (470% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin).
お知らせ • Feb 21Repsol, S.A. (BME:REP) announces an Equity Buyback for 50,000,000 shares, for €300 million.Repsol, S.A. (BME:REP) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, for €300 million. The Buy-Back Program would be carried out with the sole purpose to acquire the own shares to be redeemed in the framework of the Capital Reduction approved by the Board of Directors under the terms of the General Meeting's Resolution. The shares will be repurchased at a price higher than the higher of the following the price of the last independent trade; or the highest current independent purchase bid on the trading venue where the purchase is carried out. The program is valid till July 30, 2025.
お知らせ • Feb 12Repsol, S.A. (BME:REP) completed the acquisition of Three industrial facilities of Bunge Iberica.Repsol, S.A. (BME:REP) agreed to acquire Three industrial facilities of Bunge Iberica for approximately €310 million on March 26, 2024. The consideration of total amount €276.5 million plus up to €36.9 million in contingent payments. The transaction is subject to customary closing conditions, including regulatory approvals. Latham & Watkins LLP acted as legal advisor to Repsol, S.A. Repsol, S.A. (BME:REP) completed the acquisition of Three industrial facilities of Bunge Iberica on February 11, 2025. The European Commission's Executive Vice-President for Clean, Fair and Competitive Transition, Teresa Ribera, has approved the purchase of Bunge's terminals by Repsol.
Buy Or Sell Opportunity • Jan 10Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.6% to €11.71. The fair value is estimated to be €15.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to decline by 1.7% per annum. Earnings are forecast to grow by 3.2% per annum over the same time period.
Upcoming Dividend • Jan 03Upcoming dividend of €0.38 per shareEligible shareholders must have bought the stock before 10 January 2025. Payment date: 14 January 2025. Payout ratio is a comfortable 56% but the company is paying out more than the cash it is generating. Trailing yield: 8.2%. Within top quartile of Italian dividend payers (5.1%). Higher than average of industry peers (7.2%).
お知らせ • Dec 14Repsol, S.A. to Report Q4, 2024 Results on Feb 20, 2025Repsol, S.A. announced that they will report Q4, 2024 results on Feb 20, 2025
New Risk • Nov 25New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.1% Last year net profit margin: 6.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (340% cash payout ratio). Profit margins are more than 30% lower than last year (4.1% net profit margin).
Buy Or Sell Opportunity • Nov 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.0% to €11.77. The fair value is estimated to be €14.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to decline by 2.7% per annum. Earnings are also forecast to decline by 6.0% per annum over the same time period.
お知らせ • Sep 25Grenergy Renovables, S.A. (BME:GRE) acquired Solar Portfolio in Chile from Repsol, S.A. (BME:REP) and Ibereolica Renovables S.L. for approximately $130 million.Grenergy Renovables, S.A. (BME:GRE) acquired Solar Portfolio in Chile from Repsol, S.A. (BME:REP) and Ibereolica Renovables S.L. for approximately $130 million on September 23, 2024. A cash consideration of $128 million will be paid by Grenergy Renovables, S.A. As part of consideration, $128 million is paid towards assets of Solar Portfolio in Chile. Grenergy Renovables, S.A. (BME:GRE) completed the acquisition of Solar Portfolio in Chile from Repsol, S.A. (BME:REP) and Ibereolica Renovables S.L. on September 23, 2024. Luis Alonso and Javier Hermosilla of Clifford Chance S.L.P. acted as legal advisor to Grenergy Renovables, S.A. (BME:GRE).
お知らせ • Aug 29Repsol Reportedly Calls Off Sale of Norwegian Unit, Repsol NorgeRepsol, S.A. (BME:REP) has called off the sale of its Norwegian unit, Repsol Norge AS, according to three sources with knowledge of the negotiations. Repsol enlisted investment bank Rothschild to manage the sale, which includes 10 assets located on the Norwegian Continental Shelf, Reuters reported in March. The assets include seven producing fields with net reserves of 53 million barrels of oil equivalent (mmboe), 36% of which are gas, and a projected 2024 net production of 29 mmboe, according to a marketing document distributed by the investment bank earlier this year. A spokesperson for Repsol declined to comment. The company is prioritising the disposal of other assets, one of the sources said, speaking on condition of anonymity because the matter is private.
お知らせ • Jul 26Repsol Mulls Full Acquisition of Hecate EnergyRepsol, S.A. (BME:REP) is holding talks with Hecate Holdings LLC to possibly acquire its 60% stake in their shared solar and storage project development company in the United States, Hecate Energy Group LLC (HEG). Repsol owns 40% of the Chicago-based solar and storage firm, after acquiring the stake three years ago to gain a foothold in the US renewables market. The agreement included the option for Repsol to acquire all remaining shares in HEG three years after the close of the deal, which took place on June 25, 2021. On June 25, 2024, Hecate Holdings informed Repsol of the exercise of its put option to sell 60% stake in HEG, the Spanish group disclosed in its earnings report filing on 24 July 2024. "The parties are currently in discussions as to the next steps to be taken, as well as possible transaction alternatives," Repsol said.
Reported Earnings • Jul 25Second quarter 2024 earnings released: EPS: €0.54 (vs €0.24 in 2Q 2023)Second quarter 2024 results: EPS: €0.54 (up from €0.24 in 2Q 2023). Revenue: €14.7b (up 13% from 2Q 2023). Net income: €657.0m (up 103% from 2Q 2023). Profit margin: 4.5% (up from 2.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.0% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Jul 07Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €14.38. The fair value is estimated to be €18.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 0.05% per annum. Earnings are also forecast to decline by 1.6% per annum over the same time period.
お知らせ • Jun 01Repsol Reportedly Seeks Partner for USD 600 Million US Renewables PortfolioSpain’s Repsol, S.A. (BME:REP) is seeking to land a partner to pass on to it a 50% stake in its renewables portfolio of some 800 MW of assets in the United States, Spanish business daily newspaper Expansion reported on May 30, 2024. The package, valued at around EUR 600 million (USD 649.9 million), would include Repsol’s Jicariila and Frye solar farms, Expansion said, citing sources in the renewables market. Jicarilla in New Mexico consists of two 62.5-MW solar farms and a 20-MW battery storage system. The 637-MW Frye Solar plant in Texas was recently completed. Repsol, which is still looking for advisor banks, is expected to put the portfolio on the market in the second half of the year. The offer may be adjusted until then depending on the market situation or the degree of development of other asset that may be added to the deal, the report stated. Spanish bank Banco Sabadell said in a note that the potential deal is positive news with limited impact as it would part of Repsol’s strategy of growth through asset rotation and alliances.
お知らせ • May 09Santos, Repsol Reportedly Explore Sale of Stakes in Alaska OilfieldsOil and gas producers Santos Limited (ASX:STO) and Repsol, S.A. (BME:REP) are exploring a sale of a minority stake in oilfields in Alaska they jointly own and develop in a deal that could be worth about $1 billion, according to people familiar with the matter. The oilfields include the Pikka project, which is one of the largest oil prospects in Alaska and has been valued at about $4.5 billion by consultancy firm Rystad Energy. The companies are working with an investment bank to jointly sell minority stakes in Pikka, alongside partial interests in the Horseshoe and Quokka fields that are located in the North Slope region of Alaska, the sources said, requesting anonymity as the discussions are confidential. Repsol and Santos declined to comment. The stakes are so-called non-operating positions, meaning the owner gets a share of the proceeds from the sale of hydrocarbons without needing to undertake any drilling or be involved in operations. They are required to contribute to their share of costs. Potential buyer interest will likely be impacted by factors including legal and environmental risks, the sources said, cautioning a deal is not guaranteed.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: €0.79 (vs €0.85 in 1Q 2023)First quarter 2024 results: EPS: €0.79 (down from €0.85 in 1Q 2023). Revenue: €15.2b (down 1.2% from 1Q 2023). Net income: €954.0m (down 13% from 1Q 2023). Profit margin: 6.3% (down from 7.1% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 1.7% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Apr 26Now 20% undervaluedOver the last 90 days, the stock has risen 11% to €14.98. The fair value is estimated to be €18.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are forecast to decline by 1.0% per annum over the same time period.
New Risk • Apr 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Apr 12Repsol Completes the Construction of Frye Solar in the United States, Its Largest Solar PlantRepsol has completed construction of its Frye Solar project, its largest photovoltaic plant to date, with a total installed capacity of 637 MW and 570 MW currently in operation. Located in the United States, the Frye Solar project was built near the city of Kress, Swisher County, Texas. Frye Solar is comprised of almost one million solar panels. Repsol has already signed a long-term power purchase agreement (PPA) for 89% of the output from this project as part of its strategy to lock in returns for this type of asset. Repsol's total renewable installed and under development capacity in Texas is 2,091 MW, including the facilities at Frye (637 MW), Outpost (629 MW), and Pinnington (825 MW). In addition, Repsol already generates renewable electricity at its existing solar power plants in New Mexico, Jicarilla 1 and 2, with a total installed capacityof 125 MW and 20 MW of battery storage. Repsol entered the U.S. onshore wind market with the acquisition last year of ConnectGen from Quantum Capital Group. Renewable energy generation is currently one of the pillars of Repsol's decarbonization strategy. According to the Strategic Update, Repsol will invest between EUR3 and 4 billion to organically develop its global project portfolio and aims to reach between 9,000 MW and 10,000 MW of installed capacity by 2027. Of this, 30% will be in the United States, after consolidating the Hecate and ConnectGen project pipeline.
Buy Or Sell Opportunity • Apr 10Now 20% undervaluedOver the last 90 days, the stock has risen 20% to €15.61. The fair value is estimated to be €19.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings are also forecast to grow by 0.3% per annum over the same time period.
お知らせ • Mar 22Repsol, S.A., Annual General Meeting, May 09, 2024Repsol, S.A., Annual General Meeting, May 09, 2024, at 12:00 Central European Standard Time. Agenda: To review and approval, if appropriate, of the Annual Financial Statements and Management Report of Repsol, S.A. and the Consolidated Annual Financial Statements and Consolidated Management Report, for fiscal year ended 31 December 2023; to review and approval, if appropriate, of the proposal for the allocation of results in 2023; to review and approval, if appropriate, of the Statement of Non-Financial Information for fiscal year ended 31 December 2023; to review and approval, if appropriate, of the management of the Board of Directors of Repsol, S.A. during 2023;to appointment of the Accounts Auditor of Repsol, S.A. and its Consolidated Group for fiscal year 2024.
Reported Earnings • Feb 25Full year 2023 earnings released: EPS: €2.46 (vs €2.96 in FY 2022)Full year 2023 results: EPS: €2.46 (down from €2.96 in FY 2022). Revenue: €58.9b (down 15% from FY 2022). Net income: €3.17b (down 24% from FY 2022). Profit margin: 5.4% (down from 6.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 4.4% p.a. on average during the next 3 years compared to a 2.3% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 18+ 3 more updatesRepsol, S.A. to Report Q3, 2024 Results on Oct 31, 2024Repsol, S.A. announced that they will report Q3, 2024 results on Oct 31, 2024
Upcoming Dividend • Jan 02Upcoming dividend of €0.32 per share at 5.6% yieldEligible shareholders must have bought the stock before 09 January 2024. Payment date: 11 January 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Italian dividend payers (5.2%). Lower than average of industry peers (8.8%).
お知らせ • Nov 17Pontegadea Inversiones, S.L agreed to acquire 618 MW renewable portfolio in Spain from Repsol, S.A. (BME:REP) for €363 million.Pontegadea Inversiones, S.L 618 MW agreed to acquire renewable portfolio in Spain from Repsol, S.A. (BME:REP) for €363 million on November 16, 2023.
お知らせ • Nov 10Zara Founder Amancio Ortega Reportedly Raises Bet on Renewables with Potential Repsol DealIndustria de Diseño Textil, S.A. (BME:ITX) Founder Amancio Ortega's investment firm Pontegadea Inversiones, S.L is pushing further into renewable energy, closing in on a deal with Repsol, S.A. (BME:REP) to buy a 49% stake in a portfolio of wind farms and photovoltaic power plants in Spain, two sources familiar with the deal told Reuters. The Spanish fashion retail billionaire's potential acquisition would expand Pontegadea's investments in renewable energy. His family office has already bought minority stakes in energy assets, such as a 5% stake in Spanish gas grid operator Enagás, S.A. (BME:ENG)’s renewable and hydrogen unit Enagás Renovable, S.L.U. The Repsol renewable projects up for sale have a total capacity of about 600 megawatts and the transaction values them around EUR 700 million ($747.18 million), sources said. The agreement may come as soon as next week, one of the sources said. A Repsol spokesperson declined to comment. "As usual, we do not have any comments on rumours about market operations while they are open," a spokesperson for Pontegadea said. The deal is in line with Repsol's strategy to fund its shift from oil and gas to renewables by selling minority stakes in renewable projects. The company has a goal of reaching 20 gigawatts (GW) of installed renewables capacity by the end of the decade and has been active on the M&A front.
Reported Earnings • Oct 28Third quarter 2023 earnings released: EPS: €1.07 (vs €0.47 in 3Q 2022)Third quarter 2023 results: EPS: €1.07 (up from €0.47 in 3Q 2022). Revenue: €15.6b (down 25% from 3Q 2022). Net income: €1.37b (up 100% from 3Q 2022). Profit margin: 8.8% (up from 3.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 5.1% p.a. on average during the next 3 years compared to a 5.5% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 09Repsol, S.A. (BME:REP) signed an agreement to acquire ConnectGen LLC from 547 Energy LLC for $768 million.Repsol, S.A. (BME:REP) signed an agreement to acquire ConnectGen LLC from 547 Energy LLC for $768 million on September 7, 2023. Current ConnectGen employees, including senior management, will join the Repsol Renewables’ team. The deal is expected to be closed before end of the year, subject to customary regulatory approvals. Guggenheim Securities LLC served as financial advisor and Baker Botts LLP served as legal counsel to Repsol. Wells Fargo Securities LLC and Nomura Securities International Inc served as financial advisors and John Pitts and Zach Savrick of Kirkland & Ellis LLP served as legal counsel to Quantum, 547 Energy and ConnectGen.
Reported Earnings • Jul 30Second quarter 2023 earnings released: EPS: €0.23 (vs €0.79 in 2Q 2022)Second quarter 2023 results: EPS: €0.23 (down from €0.79 in 2Q 2022). Revenue: €13.1b (down 38% from 2Q 2022). Net income: €293.0m (down 74% from 2Q 2022). Profit margin: 2.2% (down from 5.4% in 2Q 2022). Revenue is expected to fall by 6.2% p.a. on average during the next 3 years compared to a 6.0% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 29Repsol, S.A. (BME:REP) announces an Equity Buyback for 50,000,000 shares, representing 3.91% for €850 million.Repsol, S.A. (BME:REP) announces a share repurchase program. Under the program, the company will repurchase up to 50,000,000 shares, representing approximately 3.91% of its issued share capital for €850 million. The program will expire on December 15, 2023.
お知らせ • Jul 06Enel Dismisses Rumours over Sale of EndesaEnel SpA (BIT:ENEL) dismissed suggestions that it is planning to sell its majority stake in Spain’s Endesa, S.A. (BME:ELE) and that a deal had been discussed involving energy group Repsol, S.A. (BME:REP). El Confidencial reported on July 4, 2023 that Repsol Chairman Antonio Brufau had met Borja Prado, an investment banker and former Endesa chairman, to discuss a potential takeover of Endesa before Spain’s election this month. “Enel dismisses the rumours about Endesa as totally groundless,” the Italian power group said in a statement, responding to a report by Spain’s El Confidencial. “Enel has no intentions of selling its stakes in Endesa, neither now nor in the future, as the company is a key asset for its strategy.” The Italian company also emphasised that there have been no discussions on any such deal. “There has never been any meeting between the managers of Enel and Repsol, nor with Borja Prado. This false news risks having distorting effects on the performance of the stock market,” it added. A Repsol spokesperson said that company is not studying any deal for Endesa. Enel’s 70% stake in Endesa, Spain’s largest electricity provider, has a market value of nearly EUR 15 billion ($16 billion) at July 4, 2023 share prices. Its sale would significantly reduce Enel’s net debt, analysts at Equita brokerage said in a report. However, it added that the Italian group’s current asset disposal strategy does not include the stake in the Spanish group.
Upcoming Dividend • Jun 27Upcoming dividend of €0.28 per share at 5.7% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of Italian dividend payers (5.3%). Lower than average of industry peers (9.3%).
お知らせ • May 26Repsol Reportedly to Sell 49% Stake in Wind, Solar Portfolio in SpainRepsol, S.A. (BME:REP) has launched a search for a minority partner that will acquire a 49% stake in its portfolio of solar photovoltaic and wind power assets in Spain, according to media reports in the country. On the table are some 600 MW of power plants in operation or about to start operations, the reports said. The deal is still in infant stages, with closure expected to take place at the end of 2023, news agency Europa Press reported citing market sources. The transaction could be worth between EUR 700 million (USD 749.7 million) and EUR 800 million, Spanish newspaper El Confidencial has learned. Repsol declined to comment on any of the reports, the media said.
お知らせ • May 04Repsol, S.A. (BME:REP) intends to acquire 50.01% stake in Cide Hcenergía, S.A. from Cide Servicios Comerciales De Energia SlRepsol, S.A. (BME:REP) intends to acquire 50.01% stake in Cide Hcenergía, S.A. from Cide Servicios Comerciales De Energia Sl on May 3, 2023.
Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: €0.85 (vs €0.94 in 1Q 2022)First quarter 2023 results: EPS: €0.85 (down from €0.94 in 1Q 2022). Revenue: €15.4b (down 11% from 1Q 2022). Net income: €1.11b (down 19% from 1Q 2022). Profit margin: 7.2% (down from 7.9% in 1Q 2022). Revenue is expected to fall by 5.0% p.a. on average during the next 3 years compared to a 4.1% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 18Full year 2022 earnings released: EPS: €2.96 (vs €1.64 in FY 2021)Full year 2022 results: EPS: €2.96 (up from €1.64 in FY 2021). Revenue: €75.2b (up 69% from FY 2021). Net income: €4.25b (up 74% from FY 2021). Profit margin: 5.7% (up from 5.5% in FY 2021). Oil sales price Average sales price/bbl (hedged): US$84.21 Gas sales price Average sales price/mcf (hedged): US$6.92 Combined production Oil equivalent production: 192.112 MMboe (209 MMboe in FY 2021) Revenue is expected to fall by 11% p.a. on average during the next 3 years compared to a 7.4% decline forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 10+ 2 more updatesRepsol, S.A. to Report Q3, 2023 Results on Oct 26, 2023Repsol, S.A. announced that they will report Q3, 2023 results at 8:00 AM, Central European Standard Time on Oct 26, 2023
お知らせ • Jan 18Repsol, S.A. to Report Q4, 2022 Results on Feb 16, 2023Repsol, S.A. announced that they will report Q4, 2022 results at 9:00 AM, Romance Standard Time on Feb 16, 2023
Upcoming Dividend • Jan 02Upcoming dividend of €0.28 per shareEligible shareholders must have bought the stock before 09 January 2023. Payment date: 11 January 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Italian dividend payers (5.4%). Lower than average of industry peers (7.8%).
