Eni earnings rose sharply in the third quarter of 2026, with net profit attributable to shareholders reaching €3.21 billion from €803 million a year earlier. The company announced the results on October 23 alongside a €0.46-per-share extraordinary dividend and an increase in its 2026 share repurchase plan to €3.8 billion.
Key Takeaways
- Quarterly adjusted net profit more than doubled to €2.8 billion, while revenue reached €26.04 billion.
- Underlying oil and gas production increased 7% to 1.83 million barrels of oil equivalent per day.
- Eni raised its buyback plan by 12% and scheduled an extraordinary dividend for December 9, 2026.
Table of Contents
- Eni earnings show stronger reported and adjusted profit
- Production growth supports a higher full-year outlook
- Extraordinary dividend adds to planned shareholder returns
- Conclusion
Eni earnings show stronger reported and adjusted profit
Net profit per share attributable to shareholders increased to €1.07 from €0.24 in the third quarter of 2025. Earnings from continuing operations attributable to shareholders rose to €1.45 billion from €355 million, with the corresponding per-share figure increasing to €0.47 from €0.10.
Total revenue climbed to €26.04 billion from €18.68 billion. Sales from operations, a separate reported measure, increased to €25.65 billion from €18.40 billion.
Eni’s third-quarter results announcement also showed proforma adjusted operating profit, or EBIT, doubling year over year to €6 billion and rising 12% from the preceding quarter. Adjusted net profit more than doubled to €2.8 billion.
The reported, continuing-operations and adjusted profit figures measure different aspects of performance and should not be treated as interchangeable. All three nevertheless showed substantial year-over-year improvement.
| Item | Details |
|---|---|
| Ordinary-share ex-dividend date | December 7, 2026. |
| Record date | December 8, 2026, for ordinary shares and ADRs. |
| Extraordinary payment per ADR | €0.92 before applicable withholding tax. |
| ADR payment date | January 8, 2027. |
Production growth supports a higher full-year outlook
Underlying exploration and production output rose 7% year over year to 1.83 million barrels of oil equivalent per day. Eni attributed the increase to project ramp-ups in West Africa, offshore Mexico and Norway, together with a full-quarter contribution from the Searah joint venture.
Exploration and production generated €4.63 billion of proforma adjusted EBIT, up 76%. Refining contributed €730 million as better plant utilization helped the business benefit from favorable market conditions. Chemicals remained a weak spot, recording a €180 million loss as product margins deteriorated.
Eni raised its full-year underlying oil and gas production growth guidance to 6%–7%. Management now expects adjusted cash flow from operations of €16.5 billion under its revised market assumptions. These are forecasts, rather than completed full-year results.
At the end of the quarter, net debt stood at €6.7 billion and proforma gearing was 9%. Quarterly adjusted cash flow from operations before working-capital changes was €4.29 billion, compared with organic capital expenditure of €1.3 billion.
Extraordinary dividend adds to planned shareholder returns
The board approved an extraordinary dividend of €0.46 per ordinary share, totaling approximately €1.3 billion, payable on December 9, 2026. Eni also confirmed its planned 2026 ordinary dividend of €1.10 per share; the extraordinary payment is additional to that amount.
The 2026 buyback plan increased to €3.8 billion from the previously revised €3.4 billion. That is an expanded repurchase plan, not a statement that the entire amount has already been spent.
The payment timetable differs for ordinary shares and American depositary receipts. Each New York-listed ADR represents two ordinary shares, and its extraordinary distribution is scheduled for January 2027.
Conclusion
Eni paired stronger third-quarter profit and production with higher planned shareholder distributions. The next confirmed milestone is the extraordinary dividend timetable, beginning with the December 7 ex-dividend date and followed by the December 9 ordinary-share payment.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
