Galp Energia

Galp Energia posted strong Q1 2026 results and kept net debt stable despite working capital rising by €200m. Drivers were solid upstream contributions, notably the Bacalhau field in Brazil, and operational measures; refinery margins have recently improved. The company invested €160m to expand 2P reserves and bolstered its renewables portfolio through a sizable wind energy acquisition. Galp expects material debt reduction in 2026 and sees further growth from its Brazilian upstream business. » More on de.investing.com

Galp reported a robust operational year for 2025 with RRC-EBITDA of €3.0bn and upstream production of 111,000 boe/d. For 2026 the company targets upstream production of 125,000–130,000 boe/d and expects group EBITDA of more than €2.6bn as well as operating cash flow of more than €2.0bn. Strategic steps include a partnership with TotalEnergies in Namibia and portfolio reshaping on the Iberian Peninsula (RetailCo/IndustrialCo) to reduce capital-intensive liabilities. Galp remains committed to disciplined capital allocation: dividend growth, €250m share buybacks and organic investments of around €1bn; planning is based on conservative commodity price assumptions (Brent ~ $60/barrel). » More on de.investing.com

Galp Energia reported group EBITDA of €3.0 billion for 2025 and achieved record upstream production of 111,000 barrels per day. Operating cash flow rose to €2.2 billion, free cash flow was €1.2 billion, and net debt stands at 0.5x EBITDA. Weaker refinery earnings resulted from planned maintenance, while the commercial business and convenience retail recorded record EBITDA. For 2026 the company expects refinery throughput to recover, plans at least 300 MW of new renewable capacity and is pursuing strategic partnerships, for example in Namibia. » More on de.investing.com