Eni S.P.A. (E)

The company now

Eni reported third-quarter 2026 proforma adjusted EBIT of €6 billion, double the year before, in results approved on 22 October 2026 and released on 23 October 1. Adjusted EBIT is operating profit with one-off items set aside, and adjusted net profit more than doubled to €2.8 billion 1.

Exploration and production drove the quarter: it earned €4.63 billion, up 76 percent, as the Brent oil marker rose 40 percent and gas realizations rose 30 percent 1. Underlying production grew 7 percent to 1.83 million barrels of oil equivalent a day 1.

The board resolved an extraordinary dividend of €0.46 per share, about €1.3 billion, due on 9 December, and raised the 2026 buyback to €3.8 billion 1. Eni says its policy is to return all of the extra cash flow above set oil, gas and refining thresholds as an extraordinary dividend 1.

Plenitude, the retail power and renewables business, left Eni's consolidated accounts at the end of September 2026 after Ares joined in joint control and Eni's interest fell from 70 percent to 65 percent 1. Proforma gearing, a measure of net debt, fell to 9 percent 1.

Open questions are a final investment decision on the Argentina LNG project, which Eni says is expected around the end of 2026, and the Venezuelan Junín 5 oilfield contract signed in September 1.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.