What did Portuguese Finance Minister Joaquim Miranda Sarmento announce regarding a windfall tax on energy firms?

Portuguese Finance Minister Joaquim Miranda Sarmento announced that his government plans to propose a new windfall tax on energy companies’ profits, adapting and improving measures previously used during the 2022 fuel price crisis, and intends to present the proposal to parliament in the near term.

How did energy companies in Portugal react to the announcement of the proposed windfall tax?

Following the announcement, Portuguese oil company Galp Energia SGPS SA fell as much as 4.3%, and EDP SA dropped as much as 5.6% in Lisbon.

Portugal Set to Propose New Windfall Tax on Energy Firms

May 5, 2026

Portugal's government plans to propose a windfall tax on energy firms' profits, mirroring 2022 crisis measures, leading to significant stock drops for Galp Energia and EDP SA.

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2026-05-05

Portugal Set to Propose New Windfall Tax on Energy Firms

2026-08-04

Portugal Approves 33% Windfall Tax on Oil Sector

Portugal Set to Propose New Windfall Tax on Energy Firms

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