Repsol Posts 1Q:24 Net Income of €969mn

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(Repsol, 25.Apr.2024) — Repsol reported operating cash flow during the first quarter of 2024 was €1,362mn, €465mn lower than in the same period of 2023. Excluding working capital, Operating Cash Flow during the quarter more than covered organic investments, dividends, treasury shares and interests. Group’s net debt at the end of the first quarter of 2024 stood at €3,901mn, €1,805mn higher than at the end of 2023.

Repsol distributed a cash dividend of €0.40 gross per share on 11 Jan. 2024. In addition, on 26 Mar. commenced a share buy-back programme for a maximum of 35 million shares. Furthermore, the Board of Directors of Repsol has proposed for the approval of the next AGM a capital reduction of 40 million shares, through the redemption of own shares, which is expected to be executed before the end of July, 2024.


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