Eni: adjusted net profit for Q3 doubles to 2.8 billion, with an extra dividend and an increase in share buybacks
Profit for the nine-month period stands at 6.43 billion. Production surges (+7 per cent)
(Il Sole 24 Ore Radiocor) - Eni has published its third-quarter operating and financial results, which further improve the outlook for the 2026 financial year, with debt at an all-time low and increased returns for shareholders through a special dividend and an increase in the share buyback programme. The group describes these as “excellent results underpinned by volume growth, the reliability of its facilities and portfolio optimisation initiatives, which have enabled it to capitalise on the favourable market environment”. During the quarter, the Group’s pro forma adjusted EBIT stood at 6 billion, double the figure for the same quarter last year (3 billion), thanks to solid performance across all business segments – in particular the significant contribution from upstream operations – the benefits of ongoing restructuring measures in the chemicals sector, and effective cost management. Net profit
Adjusted earnings amounted to 2.8 billion, more than double last year’s figure (1.247 billion), whilst net profit stood at 3.2 billion. For the nine-month period, adjusted net profit totalled 6.43 billion (+70 per cent). Based on these results and the improved cash flow projections for the full 2026 financial year (16.5 billion), Eni has approved the distribution in December of a special dividend of 0.46 euros per share (approximately 1.3 billion) and a further 12 per cent increase in the share buyback programme, bringing the total to 3.8 billion. Organic oil & gas production rose by 7 per cent to 1.83 million boe/day, and the group has raised its forecast for the year to +6–7 per cent.
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