Repsol prepares buyback up to EUR 1.00 billion: Repsol stock falls 2.10 percent

Published on 10/26/2026 at 11:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Repsol's 2025 dividend reached EUR 1.05 per share. Repsol stock costs EUR 28.94 on October 26, 2026, 2.10 percent below its Xetra close.

Buyback and operating figures

Repsol's proposed buyback range reached EUR 1.00 billion in an October 26, 2026 report.
Third-quarter production reached 574,000 barrels of oil equivalent per day on October 6, 2026.
Repsol stock traded at EUR 28.94 at 11:23 a.m. CET at Lang & Schwarz on October 26, 2026, 2.10 percent below the Xetra close of October 23, 2026.
Jefferies set a EUR 35.00 target on October 8, 2026, after raising it from EUR 34.00.

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Repsol stock (ISIN ES0173516115) was trading at EUR 28.94 at Lang & Schwarz on October 26, 2026, at 11:23 a.m. CET, down 2.10 percent versus the Xetra close of October 23, 2026 at EUR 29.56. Merca2 reported on October 26, 2026 that Repsol was preparing a buyback between EUR 500.00 million and EUR 1.00 billion ahead of its third-quarter results.

Operating figures set the backdrop

On October 6, 2026, Europa Press reported that Repsol's third-quarter refining margin reached USD 36.20 per barrel, up 311.00 percent from USD 8.80 in the third quarter of 2025. Production rose to 574,000 barrels of oil equivalent per day, up 4.20 percent year over year.

The chronology points to a stronger operating base before the results date. On October 6, 2026, the refining margin reached USD 36.20 per barrel. On October 8, 2026, Bolsamania reported that Jefferies raised its target from EUR 34.00 to EUR 35.00. On October 26, 2026, Merca2 put the possible buyback at EUR 500.00 million to EUR 1.00 billion.

What does the buyback mean for cash?

The October 26 report said the final buyback size would depend on free cash flow and debt reduction. Repsol had also paid EUR 1.05 per share in its 2025 dividend, with cash payments made in January and July 2026. The next dated event is Repsol's third-quarter results on October 29, 2026, according to the company's investor-relations page and the October 6 operating report.

Stock price and investor dates

Jefferies' EUR 35.00 target stands EUR 6.06 above the Lang & Schwarz price, while the refining margin and production figures provide the operating measures against which the buyback decision will be judged.

Repsol was trading at EUR 28.94 at Lang & Schwarz on October 26, 2026, at 11:23 a.m. CET, 2.10 percent below the Xetra close of October 23, 2026 at EUR 29.56. The further course of trading is shown by the continuously updated real-time quote of Repsol stock.