BIT$E
Eni Energy Company · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Eni reported a decline in earnings for Q4 2024 due to weaker crude prices and lower refining margins.
Eni's Q4 2024 results showed a decline in profitability, with proforma adjusted EBIT at €2.7 billion, down 28% YoY. The company reported net profit of €305 million, a significant drop from the prior year. Hydrocarbon production remained stable at 1.72 million boe/d, supported by organic project ramp-ups and acquisitions. Despite the challenging macroeconomic environment, the company continued its strategic investments, including expanding its LNG business and renewable energy capacity.
- Proforma adjusted EBIT declined 28% YoY to €2.7 billion due to weaker crude prices and refining margins.
- Net profit dropped to €305 million, impacted by lower upstream realizations and higher tax rates.
- Hydrocarbon production remained steady at 1.72 million boe/d, driven by project ramp-ups.
- Eni continued its transition strategy, increasing renewable energy capacity by 37% to 4.1 GW.
Headline financials
Revenue & EPS history
Eni · Revenue · Quarterly
$24.4B
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 expects modest earnings growth in 2025, driven by increased upstream production and expansion in renewables, though macroeconomic uncertainties may pose risks.
Tailwinds
- Increased oil and gas production from key projects in Africa and the Middle East.
- Further investments in LNG infrastructure to strengthen global gas portfolio.
- Continued growth in renewable energy capacity with a 2025 target of 5.5 GW.
- Strong order backlog supporting long-term revenue visibility.
- Ongoing cost optimization efforts to sustain profitability.
Headwinds
- Weaker refining margins may continue to pressure earnings.
- Higher expected tax rates impacting net income growth.
- Potential volatility in crude oil prices due to geopolitical risks.
- Regulatory changes in Europe affecting biofuel market competitiveness.
- Supply chain constraints impacting capital projects and expansions.
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 Q4 2024
-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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro