Repsol reported an adjusted net income of €1.84 billion for the second quarter of 2026. This figure more than tripled compared to the same period last year. High refining margins averaging $14 per barrel and increased oil prices drove the performance.
The company reduced its net debt by €1.1 billion during the quarter. Total net debt now stands at €3.7 billion.
Operationally, the Pikka project in Alaska successfully started production in May. Repsol maintains its full-year production guidance of 560,000 to 570,000 barrels of oil equivalent per day.