Galp reports strong Q3 and nine-month 2026 results
RCA EBITDA rose to €1,522m in Q3 and €3,737m for nine months. The company upgrades full-year guidance and acquires wind assets in Iberia.
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Portuguese integrated energy company
galp.comLast updated
In short: Galp posted record profits in 2026, but its Moeve merger collapsed amid a new Portuguese windfall tax.
RCA EBITDA rose to €1,522m in Q3 and €3,737m for nine months. The company upgrades full-year guidance and acquires wind assets in Iberia.
No agreement was reached despite extensive talks. Galp remains committed to its standalone downstream strategy and upstream growth.
The RCA rises to €1.49 billion in the first nine months, driven by Brazilian Upstream. Decarbonization investments reach €960 million.
Production rose 14% while renewable capacity grew 18%. Refining margins surged significantly alongside higher gas and power sales volumes.
The company asked for more fiscal stability after the deal with the Spanish was cancelled, but the Government continues to prepare a tax on extraordinary profits. Galp says that...
Results Highlights. Galp sustained its strong operational and financial momentum in the third quarter, with our high-quality asset base once again proving resilient...
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