Eni Q3 profit doubles to €2.8 billion
Key points
- Eni reported third-quarter 2026 adjusted net profit of €2.8 billion, more than double the prior-year figure and above analysts' expectations of €2.48 billion.
- Pro forma adjusted operating profit doubled to €6 billion, supported by a 76% increase in upstream operating profit and 7% growth in underlying oil and gas production.
- Eni raised its 2026 share buyback program to €3.8 billion and announced an extraordinary dividend of €0.46 per share, payable December 9, 2026.
Eni (NYSE:E) reported third-quarter 2026 adjusted net profit of €2.8 billion, more than doubling from a year earlier as higher production and a favorable commodity market supported earnings.
Adjusted profit exceeded company-compiled analyst expectations of €2.48 billion, while pro forma adjusted operating profit doubled to €6 billion.
“Eni’s excellent results in 3Q were driven by the strength of our operating model and disciplined investments into a well-diversified portfolio of advantaged assets,” said Eni Chief Executive Officer Claudio Descalzi.
Upstream operating profit increased 76% to €4.63 billion, while underlying oil and gas production rose 7% to 1.83 million barrels of oil equivalent per day.
Eni increased its 2026 share buyback to €3.8 billion and declared an extraordinary €0.46-per-share dividend, payable December 9.
Refining generated €730 million in adjusted operating profit, while chemicals unit Versalis recorded a €180 million loss amid weaker product margins.
Eni raised its annual adjusted operating cash flow forecast to €16.5 billion, with net debt at €6.7 billion and pro forma gearing at a record-low 9%.
