BIT$E
Eni Energy Company · Q3 2025 earnings
Q3 2025 earnings · · Investor relations
Briefing
Eni delivered strong Q3 2025 results with higher production and cash generation, despite weaker commodity prices.
Eni exceeded expectations in Q3 2025, supported by a 6% increase in hydrocarbon production, resilient upstream margins, and disciplined capital spending. Net income rose year-over-year, and the company increased its share buyback program.
- Hydrocarbon production rose 6% year-over-year to 1.756 million boe/d.
- Adjusted EBIT was €2.996 billion, with strong contributions from upstream and gas portfolios.
- Net income attributable to shareholders was €803 million, up from €522 million in Q3 2024.
- Free cash flow reached €2.014 billion, enabling an increased share buyback program.
Headline financials
Revenue & EPS history
Eni · Revenue · Quarterly
$23.7B
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 its full-year 2025 guidance for production, cash flow, and buybacks, despite weaker macroeconomic conditions.
Tailwinds
- FY25 production guidance increased to 1.71–1.72 mln boe/d.
- Cash flow forecast raised to €12 billion for FY25.
- Share buyback target raised by €300 million to €1.8 billion.
- Transition business (Plenitude/Enilive) expected to meet EBITDA goals.
- Capex expected below initial guidance, enhancing capital efficiency.
Headwinds
- Crude oil prices down 14% year-over-year impacting margins.
- EUR/USD appreciation reduced dollar-denominated earnings.
- Chemical business continued to report losses due to European downturn.
- Natural gas sales down 15% compared to Q3 2024.
- Renewable energy targets still dependent on project execution and regulatory timelines.
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 Q3 2025
-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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