What changed
2026-07-27 11:35 UTC → 2026-07-27 13:46 UTC ·
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Iberdrola financing boost; Repsol surge; Repsol buyback; Galp profit rise jump
Iberdrola Iberdrola’s sustainable‑financing programme continued expanding its sustainable‑financing programme, adding €5.336 billion rapid expansion in the first half of 2026 – €4.842 2026, securing €5.336 billion of new capital, of which €4.842 billion were green‑bond issuances, including a €1.5 billion bond that was three‑times oversubscribed – taking issuances. This raised the utility’s total green‑funding portfolio to €71.152 billion and cementing billion, reinforcing its role position as the world’s largest private issuer of green bonds for internal projects. Galp Energia posted a confirmed the earlier‑reported 44 % jump rise in H1 first‑half net profit to €812 million, driven by higher Brazil output million and a 28 47 % rise jump in Brent. adjusted EBITDA rose 47 % to €2.216 billion, with upstream EBITDA up 76 % and mid‑stream up 22 %. billion. The firm proposed a oil group reaffirmed its proposal to increase the dividend by 10 % dividend increase to €0.70 per share and share, with an interim payout of €0.35, while its shares fell 3.8 % after a brief oil‑price dip. €0.35 dividend payable in August. Repsol confirmed a net profit of €2.201 billion, announced a 265 % YoY increase, and expanded its fresh share‑repurchase programme with an additional of up to €500 million, adding to the €350 million buyback already executed this week and bringing total commitments to €850 million and planning million. The company will seek approval for a third tranche in October. October, aiming to return 30‑40 % of operating cash flow to shareholders. Analysts raised lifted price targets, with several banks now valuing the stock between €30 and €35, €35 per share, implying up upside of roughly 40 %. Other Iberian firms also reported solid first‑half results: Elecnor posted a 35.7 % profit increase to €68.1 million and a 40 28 % upside. rise in EBITDA, while Abanca’s net profit slipped 9.6 % to €386 million despite a modest pretax profit gain and the addition of more than 10 000 new Portuguese customers.