The group’s net debt increased to 5,532 million euros at the end of the quarter, while the group’s liquidity stood at 9,528 million euros at the end of the same period.
The energy company Repsol obtained one net profit from 1,792 million euros to September, about 36% less than in the first nine months of the previous year, given low crude oil and gas prices and lower industrial margins.
As the company informed the Spanish stock exchange regulator on Thursday, the adjusted result, which specifically measures the operation of the companies, amounted to 2,684 million euros, 30% less than the 3,816 million a year earlier.
The gross operating result o Ebitda fell by 22.6% to 5,565 million euros. Ebitda is a financial indicator that shows the company’s results before paying interest, taxes, depreciation and amortization.
The results are influenced by energy prices, which in the case of Brent crude oil – a benchmark in Europe – experienced volatility in the first three quarters, with an average of $82.8 per barrel.
On the other hand, the prices of electricity in Spain they were 43% lower than last year.
The group’s net debt increased to 5,532 million euros at the end of the quarter, while the group’s liquidity stood at 9,528 million euros at the end of the same period (including undrawn committed credit lines).
Source: EITB
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