Repsol

Repsol

Repsol’s renewable asset rotation in US: sells 43.8% of Outpost solar project (629 MW) in Texas to Stonepeak for €252 million

Renta 4 | Repsol has reportedly reached a new agreement with the Stonepeak fund to transfer a 43.8% stake in its Outpost solar project (629 MW) in Texas, US. The sale price amounts to €252.5 million, which values 100% of the asset at approximately €775 million in EV, including approximately €200 million derived from the monetisation of production tax credits received by the project. Outpost (629 MW) began operating in…


Repsol's bet on alternative energies

Repsol and HitecVision to merge joint Venture with TotalEnergies’ UK upstream business, becoming leading oil&gas operator in UK North Sea

NEO NEXT Energy, HitecVision and Repsol’s joint venture, today announces a strategic deal with TotalEnergies’ to merge their UK offshore oil & gas production businesses. The transaction Will cement NEO NEXT’s position as the leading operator and producer in the UK Continental Shelf (UKCS) with an expected 2026 production of over 250,000 barrels of oil equivalent per day. Upon completion, the combined company will be known as NEO NEXT+. Under…


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Repsol reportedly negotiating with TotalEnergies to create largest upstream platform in UK to generate €862m+ synergies

Banco Sabadell | According to press reports, Repsol is in talks with TotalEnergies to create the largest upstream platform in the North Sea, integrating assets in UK waters. The operation would be structured through Neo Next, the joint venture between Repsol (45%) and Neo Energy (55%), in which TotalEnergies would take a minority stake. The aim is to increase production capacity and generate synergies of more than $1 billion (€862…


Repsol

Repsol manages to avoid paying Treasury claim of over €100 million

Link Securities | The energy company has succeeded in getting the National Court to uphold part of its arguments, which has allowed it to avoid paying a large part of a claim of more than €100 million from the Treasury, according to legal sources close to the case, as reported today by the newspaper Cinco Días. Specifically, Repsol opposed a ruling by the Central Economic Administrative Court (TEAC), which dismissed…


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Repsol plans to double size of lubricants business

Renta 4 | According to information published in the press, the update of Repsol’s (REP) Strategic Plan for the coming years, which will be announced in March, plans to double the size of the lubricants business, exceeding €1 billion in turnover and reaching around €120 million in EBITDA (vs ~€480 million in sales and ~€64 million in EBITDA in 2024), increasing production from around 220,000 tpy to ~320,000 tpy in…


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Repsol reportedly negotiating merger with Apache to list upstream business in US

Renta 4 | According to press reports, Repsol is negotiating a merger with Apache Corporation, a US oil company listed on the Nasdaq with a market capitalisation of $8.76 billion. According to the information, these negotiations would be part of the ‘liquidity event’ agreed with EIG after its entry into Repsol’s capital by 2026. We recall that this event could consist of an initial public offering, a reverse merger with…


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Repsol reports net income of €1.177 billion up to September

Repsol obtained a net income of €1.177 billion in the first nine months of 2025, a 34.3% decrease compared to the same period in 2024, mainly impacted by the effect of lower crude oil prices on inventory valuation. Adjusted net income, which specifically measures business performance, stood at €2.173 billion, 19% lower than in 2024. The net income for the third quarter more than doubled that of the previous year,…


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Repsol becomes exclusive official lubricant supplier for Moto2 and Moto3 World Championships

Alphavalue / Divacons | The Spanish oil company has signed a strategic alliance with Dorna Sports, the organiser of the MotoGP World Championship, to become the exclusive official lubricant supplier for the Moto2 and Moto3 categories. This agreement will run from 2026 to 2030. Repsol has lubricant production plants in Spain (Puertollano), Mexico, Indonesia, Singapore, and the Philippines, as well as access to third-party plants, enabling it to distribute its…


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Repsol to supply renewable fuels to Norwegian Cruise Line Holdings ships for eight years

Link Securities | The company has signed an eight-year agreement with Norwegian Cruise Line Holdings to supply renewable marine fuels in the Port of Barcelona, according to a report yesterday by the digital portal Bolsamania.com. After the start of the 2026 European cruise season, Repsol will supply biofuels and, from 2029, renewable methanol directly to the ships of the group’s various cruise brands (Norwegian Cruise Line, Oceania Cruises, and Regent…


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Repsol and Forestalia to undertake largest energy hybridisation project to date in Spain in Aragón, with large data centre developed by third party

Link Securities | The company, together with Forestalia, announced yesterday that they will double their partnership in Aragón (the combined cycle power plant in Escatrón with fifteen wind farms) to a total of 1,600 MW, which will enable a third party to develop a large data centre in the area, according to Expansión. With this scale, it would be the largest energy hybridisation project in Spain to date. Sources in…