Moeve's profit soars in Q3 on strong refining margins
15 Articles
15 Articles
Moeve won in the third quarter 676 million euros, which represents to triple its profits with respect to the same period of the previous year. The energy company has multiplied its profits until September, going from 472 million euros in 2025 to 1,134 million euros. Among the areas of greatest income growth ... Continue reading "Move triples its profits up to 676 million and triggers its income margins by refining"
Energy obtains an adjusted net profit of 1,134 million in the first nine months, reduces its debt to 2,131 million and allocates 612 million to energy transition projects. Spain concentrates 93% of investments
El Periódico
The oil company, which broke negotiations for a merger with Galp four days ago, says it is focused 'on implementing its transformation'
Moeve has obtained an adjusted EBITDA CCS of 2,409 million euros in the first nine months of 2026, driven by the solid operating behavior of its main businesses and the improvement of the refining margins. The increase of the utilization of refining capacity and production also allowed to increase the [...] The entrance Moeve shoots its investments 17% and devotes 612 million to the energy transition in 2026 aparece primero en Merca2.
Moeve closed the first nine months of 2026 with an adjusted net profit of 1,134 million euros, 140% more than in the same period of the previous year. The energy company also recorded a net result of 1,430 million, compared to 246 million counted until September 2025, which represents an increase of 481%. The figures arrive after an exercise marked by the improvement of the refining margins and in a week in which the end of the conversations wit…
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