Repsol SA
REP: XMAD (ESP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€16.10 | Gjbj | Ypjrqsw |
Repsol Earnings: Earnings Fall but Management Increases Payout to Shareholders
Repsol’s first-quarter adjusted earnings fell to EUR 1.3 billion from EUR 1.9 billion a year ago, largely on lower refining margins. Operating cash flow fell to EUR 1.4 billion from EUR 1.8 billion the year before, and capital spending fell to EUR 1.4 billion from EUR 1.8 billion.