Galp Energia reports a strong start to 2026 with an adjusted EBITDA of 1.1 billion euros. While refining margins and upstream production continue to drive immediate cash flow, the company is allocating a significant portion of its 1.5 billion euro capital expenditure toward the energy transition. The company aims to scale its renewable capacity to over 5 gigawatts by 2030. By expanding wind and solar assets in Portugal and Brazil and securing long term power purchase agreements, Galp is diversifying its revenue to reduce reliance on volatile hydrocarbon markets.
