What was Repsol's first-quarter adjusted net profit, and how did it compare to forecasts?

Repsol posted a first-quarter adjusted net profit of 873 million euros ($1.02 billion), representing a nearly 57% increase year-on-year, but it fell short of the company-provided average forecast of 897 million euros.

How did the Iran war impact Repsol's refining operations and strategy?

Amid global jet fuel supply disruption due to the Iran war, Repsol announced it will increase kerosene production by 15% to 20%; the company attributed its strong refining performance — with Spain’s refining margin more than doubling to $10.9 per barrel — to the volatile macroeconomic environment shaped by the Middle East conflict, and allocated 1.2 billion euros to boost crude oil inventories and maximize feedstock availability.

Repsol profit surges 57% on refining margin amid Iran war, still below forecast

Apr 29, 2026

Repsol's Q1 adjusted net profit surged 57% on soaring refining margins, with plans to boost kerosene production by 20% amid jet fuel disruptions from the Iran war. Full-year commitments remain on track despite earnings slightly missing forecasts.

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Repsol profit surges 57% on refining margin amid Iran war, still below forecast

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