Quarterly ResultApr 26, 2026, 05:25 AM
E Q1 2026 Adj. Net Profit 1.3B; Production +9%; Buyback Raised to 2.8B
AI Summary
Eni S.p.A. reported strong first-quarter 2026 results, with adjusted net profit attributable to shareholders at 1.30 billion, an 8% decrease year-over-year, primarily due to unfavorable exchange rates and a one-off gain in Q1 2025. Proforma adjusted EBIT was 3.54 billion, down 4%. Hydrocarbon production increased by 9% to 1.8 million boe/d. The company raised its FY CFFO guidance by 20% to 13.8 billion and increased its share buyback program by almost 90% to 2.8 billion, reflecting strong underlying performance and an improved scenario. Strategic developments include significant exploration successes and advancements in transition businesses.
Key Highlights
- Share buyback raised by almost 90% to 2.8 billion.
- Adjusted net profit attributable to shareholders was 1.30 billion, down 8% YoY.
- Hydrocarbon production grew 9% YoY to 1.8 million boe/d.
- Proforma adjusted EBIT was 3.54 billion, down 4% YoY.
- FY 2026 CFFO guidance raised by 20% to 13.8 billion.
- Exploration discovered ~1 billion boe of resources in Angola, Côte d'Ivoire, Libya, Egypt, and Indonesia.
- Plenitude installed renewable capacity reached 5.9 GW, up 44% YoY, and acquired Acea Energia, adding 1.2 million clients.
- Enilive approved two major biorefining projects at Sannazzaro and Priolo hubs.