ENI (NYSE:E) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

ENI (NYSE:E) posted its quarterly earnings results on Wednesday. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.04, Zacks reports. The business had revenue of $25.87 billion during the quarter, compared to analyst estimates of $27.93 billion. ENI had a return on equity of 11.48% and a net margin of 6.51%.

Here are the key takeaways from ENI’s conference call:

• Strong first-half performance: Q2 pro forma EBIT doubled year over year to €5.4 billion, net income reached €2.3 billion, and operating cash flow rose more than 60% to €4.5 billion. Pro forma gearing declined to 10%.
• Eni raised its outlook across several businesses, including 2026 underlying production growth of more than 5%, GGP pro forma EBIT above €1.4 billion, and Plenitude and Enilive EBITDA of €2.6 billion. Adjusted cash flow from operations guidance increased to €15 billion.
• Upstream production increased 8% year over year, with projects in Angola, Mexico, Congo and Indonesia offsetting Middle East disruptions. Eni expects approximately 4% annual production growth through 2030, supported by 54 organic projects and new opportunities in Asia, Latin America and Africa.
• The stronger cash-flow outlook supports a significant increase in the 2026 share buyback to €3.4 billion from the initial €1.5 billion, implying a combined shareholder distribution yield of about 10%. An additional dividend and potentially higher buyback remain possible if oil and gas prices stay above specified thresholds.
• Eni continues to face execution and geopolitical risks, including ongoing negotiations in Venezuela and a disputed €5 billion environmental fine related to Kashagan in Kazakhstan. Versalis remains loss-making despite improvement, while project cost inflation has risen to roughly 4%-6% following Middle East-related market disruption.

ENI Trading Down 1.0%

Shares of ENI stock opened at $55.02 on Friday. The firm has a market capitalization of $92.88 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.29 and a beta of 0.40. ENI has a fifty-two week low of $33.74 and a fifty-two week high of $58.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16. The stock has a 50 day moving average of $50.56 and a 200 day moving average of $49.63.

Institutional Investors Weigh In On ENI

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DV Equities LLC purchased a new position in shares of ENI during the 4th quarter worth $35,000. Advisory Services Network LLC purchased a new stake in ENI in the 3rd quarter valued at about $47,000. CIBC Private Wealth Group LLC purchased a new stake in ENI in the 3rd quarter valued at about $48,000. Global Retirement Partners LLC lifted its position in ENI by 320.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock valued at $52,000 after buying an additional 1,048 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in ENI by 37.5% in the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after buying an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on E. BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective on the stock in a research report on Friday, April 17th. Royal Bank Of Canada upped their target price on ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th. Erste Group Bank downgraded ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Zacks Research lowered ENI from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Finally, Rothschild & Co Redburn raised shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.30.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.