28 Apr 2022

Q1: working capital not impacting distribution

Repsol SA (REP:MCE), 0 | Repsol SA (0NQG:LON), 0

- Kevin VO
- 2 pages

The results were in line with the consensus with an EBITDA CCS up by 4% qoq at €2.45bn. This was led by the Upstream division, with an EBITDA up by 12% qoq at €1.69bn, thanks to a 30% increase in the oil price and 14% in the gas price. The net debt was higher (€5.9bn, +€150m) on a working capital increase of €1.9bn, impacted by the rise in oil/gas prices.

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Q1: working capital not impacting distribution

Repsol SA (REP:MCE), 0 | Repsol SA (0NQG:LON), 0

Published: 28 Apr 2022
Author: Kevin VO
Pages: 2

The results were in line with the consensus with an EBITDA CCS up by 4% qoq at €2.45bn. This was led by the Upstream division, with an EBITDA up by 12% qoq at €1.69bn, thanks to a 30% increase in the oil price and 14% in the gas price. The net debt was higher (€5.9bn, +€150m) on a working capital increase of €1.9bn, impacted by the rise in oil/gas prices.