ENI (NYSE:E) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

ENI (NYSE:E) posted its quarterly earnings results on Thursday. The oil and gas exploration company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09, Zacks reports. The company had revenue of $24.33 billion during the quarter, compared to analysts’ expectations of $19.45 billion. ENI had a return on equity of 8.53% and a net margin of 3.20%.

Here are the key takeaways from ENI’s conference call:

• Eni highlighted strong upstream execution — six major project start-ups in 2025 drove production growth (full-year 1.728 million b/d, ~2% above guidance), a >160% reserves replacement ratio and 500,000 b/d of production under development, plus ~900 million barrels discovered in 2025.
• Financial delivery was robust — CFFO €12.5bn (≈€1.5bn ahead of plan), pro forma net CapEx <€5bn, net debt down ~€3bn with pro forma gearing ~14%, and the share buyback was increased from €1.5bn to €1.8bn.
• Transition businesses gained scale and market validation — Plenitude expanded renewables >40% in 2025, Enilive is adding biorefinery capacity (several FIDs and 2m tpa incremental), and Eni reported ~€2bn EBITDA from planned transition assets with third‑party interest implying significant enterprise value.
• Industrial transformation faces near-term headwinds — weak chemical markets and low refinery utilization pressured results, prompting early cracker closures (Brindisi, Priolo) and a restructuring of Versalis whose benefits are expected to phase in over 12–18 months.
• 2026 guidance emphasizes disciplined capital allocation — gross CapEx ~€7bn, net CapEx ~€5bn, target pro forma gearing 10–15%, and management reiterates a funded, growing dividend with buybacks as a variable distribution tool; full plan to be detailed at the March Capital Markets Update.

ENI Price Performance

ENI stock traded up $1.27 during midday trading on Friday, reaching $46.81. 632,996 shares of the stock were exchanged, compared to its average volume of 339,469. The company’s fifty day moving average is $40.33 and its 200-day moving average is $37.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. ENI has a 52 week low of $24.65 and a 52 week high of $46.95.

Key Headlines Impacting ENI

Here are the key news stories impacting ENI this week:

• Positive Sentiment: Q4 beat and strong revenue: Eni reported $0.87 EPS vs. $0.78 expected and revenue of $24.3B vs. $19.45B consensus, signaling upside to analyst estimates and supporting near‑term earnings momentum. MarketBeat Press Release
• Positive Sentiment: Production and profits rising: Adjusted net profit jumped ~35% year/year and oil & gas production rose >7%, driven by six new projects — supports cash generation and upstream outlook. Reuters: 35% rise
• Positive Sentiment: Strategic progress and capital returns: Management highlighted 4% production growth in 2025, >160% reserves replacement, near‑100% exploration success, a major JV with Petronas, Plenitude renewables expansion and increased buybacks funded by capex efficiency — a multi‑pronged value‑creation story. Seeking Alpha: Strategic Progress
• Positive Sentiment: Venezuela exposure eased: With U.S. sanctions relaxed, Eni can now accept oil as payment for gas and is exploring JVs with U.S. firms — this unlocks previously trapped receivables and potential incremental barrels. Reuters: Venezuela payment
• Neutral Sentiment: Earnings call transcript available for detail: The Q4 earnings call transcript provides management color on production drivers, capex guidance and buyback sizing — useful for modeling but not new headline news. Seeking Alpha: Earnings Transcript
• Neutral Sentiment: Local/regulatory watch — Cyprus meeting: Eni’s CEO met Cyprus leadership on the Kronos project decision, a local permit/regulatory outcome to monitor for regional project timing but currently unresolved. Cyprus Mail: Kronos meeting

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on E shares. Erste Group Bank raised shares of ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Barclays reiterated an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Finally, Zacks Research lowered ENI from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.60.

Hedge Funds Weigh In On ENI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vident Advisory LLC raised its holdings in shares of ENI by 4.7% during the 2nd quarter. Vident Advisory LLC now owns 36,881 shares of the oil and gas exploration company’s stock valued at $1,196,000 after buying an additional 1,651 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of ENI by 672.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 19,770 shares of the oil and gas exploration company’s stock valued at $641,000 after purchasing an additional 17,209 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of ENI by 7.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 28,733 shares of the oil and gas exploration company’s stock valued at $932,000 after purchasing an additional 2,008 shares during the last quarter. BW Gestao de Investimentos Ltda. purchased a new position in ENI in the 2nd quarter worth $810,000. Finally, Quantinno Capital Management LP lifted its stake in ENI by 44.9% in the second quarter. Quantinno Capital Management LP now owns 202,792 shares of the oil and gas exploration company’s stock worth $6,575,000 after purchasing an additional 62,834 shares during the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.