Repsol : Q2 earnings beat expectations but cash returns disappointed slightly– Outperform recommendation confirmed
>Q2 earnings 14.5% above forecast - Q2 adjusted net profit came to € 859m (+6% qoq /-33% yoy), 22% above our estimate and 14.5% higher than the consensus (ODDO BHF estimate: € 703m, consensus: € 750m) thanks to a lower-than-expected drop in E&P earnings. E&P: hurt by lower gas prices - E&P earnings came to € 427m, down 3.4% qoq but 14.5% higher than the consensus. This good performance stemmed from lower operating charges, with production that remai...Repsol is an oil and gas company. Co. is engaged in all the activities relating to the oil and gas industry, including exploration, development and production of crude oil and natural gas, transportation of oil products, liquefied petroleum gas (LPG) and natural gas, refining, the production of a wide range of oil products and the retailing of oil products, oil derivatives, petrochemicals, LPG and natural gas, as well as the generation, transportation, distribution and supply of electricity. Co. operates in more than 40 countries. Co.'s operations are divided into four segments: Upstream, Downstream, LNG and Gas Natural Fenosa.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.