BIT$E
Eni Energy Company · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Eni Q1 2026: €22.96B sales, €1.30B adjusted net profit as production rises 9%
Eni reported first-quarter 2026 results ahead of its operating and financial guidance despite volatile energy markets. Group sales from operations were €22.96 billion, up 2% year over year, while proforma adjusted EBIT was €3.54 billion and adjusted net profit attributable to shareholders was €1.30 billion, down 8% from the prior-year quarter as an 11% EUR/USD appreciation and a one-off power gain in Q1 2025 weighed on comparisons. Hydrocarbon production averaged 1.80 million boe/d, up 9% year over year, supported by project ramp-ups in West Africa and Norway and new start-ups in Angola. Eni raised full-year cash flow from operations guidance by 20% to €13.8 billion and increased its planned 2026 share buyback by roughly 90% to €2.8 billion, citing stronger underlying performance and an improved commodity scenario.
- Sales from operations were €22.96 billion in Q1 2026, with proforma adjusted EBIT of €3.54 billion and adjusted net profit attributable to Eni shareholders of €1.30 billion.
- Hydrocarbon production rose 9% year over year to 1.80 million boe/d, driven by project ramp-ups and new start-ups while exploration added around 1 billion boe of resources.
- Adjusted cash flow from operations before working capital was €2.88 billion, funding €1.9 billion of organic capex and €1.0 billion of shareholder returns.
- Eni raised FY 2026 adjusted CFFO guidance by 20% to €13.8 billion and lifted its share buyback plan to €2.8 billion from €1.5 billion while confirming a €1.10 annual dividend.
- Net debt stood at €10.8 billion at quarter end with proforma gearing at 15%, within the company’s 10%-15% target range.
Headline financials
Revenue & EPS history
Eni · Revenue · Quarterly
€23B
Revenue by segment
Eni · €18.3B total across 4 segments · Q1 2026
- Global Gas & LNG Portfolio and Power€5.38B—29.4%
- Exploration & Production€4.95B—27.0%
- Enilive€4.76B—26.0%
- Plenitude€3.23B—17.6%
Forward guidance
Eni raised FY 2026 adjusted cash flow from operations guidance to €13.8 billion at a revised Brent scenario of $83/bbl, up from €11.5 billion budgeted, and increased its share repurchase plan to €2.8 billion. The company expects underlying oil and gas production growth of 3%-4%, GGP adjusted proforma EBIT of about €1.3 billion, and confirmed a €1.10 per share dividend.
Tailwinds
- FY 2026 adjusted CFFO guidance raised 20% to €13.8 billion
- Share buyback plan increased to €2.8 billion from €1.5 billion
- Underlying oil and gas production growth expected at 3%-4%
- 2026 dividend confirmed at €1.10 per share, up 5% versus 2025
Headwinds
- Year-over-year comparisons remain pressured by EUR/USD appreciation and prior-year one-offs
- Refining and chemicals segments still reported losses in the quarter
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
-1.3%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-1.3%
Avg return
30 days after
53%
19 / 36 earnings
Positive
+6.2%
Q2 2022
Best reaction
-55.2%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | +1.4% | -57.4% | |
| Q3 2025 | +1.5% | -1.3% | +0.8% | |
| H1 2025 | +2.0% | +0.2% | +5.7% | |
| Q1 2025 | +2.7% | +1.7% | +2.8% | |
| Q4 2024 | -2.3% | -6.0% | +3.5% | |
| Q2 2024 | +4.8% | -4.1% | +2.6% | |
| Q4 2023 | -55.2% | -2.0% | +0.5% | |
| Q3 2023 | +0.1% | +0.8% | +1.4% | |
| Q2 2023 | +2.0% | -1.1% | +2.3% | |
| Q1 2023 | +0.6% | -4.1% | -5.3% | |
| Q4 2022 | -6.1% | -5.6% | -12.4% | |
| Q3 2022 | +2.5% | +2.6% | +15.6% | |
| Q2 2022 | +6.2% | +1.6% | +7.9% | |
| Q1 2022 | -0.1% | +4.1% | +8.7% | |
| Q4 2021 | +0.7% | +0.5% | -6.4% | |
| Q3 2021 | +3.6% | +0.1% | -8.3% | |
| Q2 2021 | -0.4% | +1.6% | +7.9% | |
| Q1 2021 | -1.2% | +0.1% | -1.0% | |
| Q4 2020 | +3.4% | +6.9% | +10.4% | |
| Q3 2020 | -3.4% | +4.0% | +42.5% | |
| Q2 2020 | -12.0% | -7.1% | -5.2% | |
| Q1 2020 | +1.4% | +6.7% | -1.2% | |
| Q4 2019 | -0.6% | -1.0% | -28.4% | |
| Q3 2019 | -1.2% | -2.7% | -1.0% | |
| Q2 2019 | -0.2% | -0.9% | -9.3% | |
| Q1 2019 | -2.6% | -4.5% | -10.9% | |
| Q4 2018 | +3.5% | +3.4% | +5.2% | |
| Q3 2018 | +2.5% | +4.6% | -5.4% | |
| Q2 2018 | -0.2% | +0.6% | -0.3% | |
| Q1 2018 | -0.4% | -0.7% | -8.7% | |
| Q4 2017 | -0.5% | -1.7% | +2.1% | |
| Q3 2017 | -1.3% | +1.1% | +1.0% | |
| Q2 2017 | +1.4% | +3.2% | +0.4% | |
| Q1 2017 | +1.5% | +2.8% | -1.8% | |
| Q4 2016 | +1.8% | +3.2% | +5.8% | |
| Q3 2016 | -2.9% | -6.1% | -10.0% |
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