Eni Q3 Profit Doubles, Adds €1.3B Extra Dividend and Lifts Buyback to €3.8B
E sits 64% above its 52-week low of $36.13.
Summary
Eni's Q3 proforma adjusted EBIT doubled to €5,994 mln and adjusted net profit rose 125% to €2,801 mln, prompting a €0.46 per share extraordinary dividend (~€1.3 bln) and a buyback increase to €3.8 bln, with proforma gearing at a record-low 9%.
Key Events · Earnings and Guidance · E
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Q3 Earnings Double Year-Over-Year
Proforma adjusted EBIT came in at €5,994 mln versus €2,996 mln in Q3 2025, while adjusted net profit attributable to shareholders rose 125% to €2,801 mln from €1,247 mln.
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Extra Dividend and Bigger Buyback
The board approved an extraordinary dividend of €0.46 per share (about €1.3 bln, payable December 9, 2026) and raised the 2026 buyback to €3.8 bln — 12% above the €3.4 bln guided last quarter and almost triple the initial €1.5 bln.
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Guidance Raised on Strong Cash Flow
FY2026 adjusted cash flow from operations is now guided at €16.5 bln, a €1.2 bln underlying improvement, with production growth guidance lifted to 6-7% and proforma gearing at a historic-low 9%.
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Plenitude Deconsolidation Closed
The €1.56 bln non-proportional capital increase closed effective September 30, 2026, diluting Eni's stake to 65% and triggering deconsolidation with a gain of about €1.5 bln; Plenitude is now equity-accounted.
Analysis · E · Energy & Transportation
The quarter delivered far more than a year-ago comparison: proforma adjusted EBIT doubled to €5,994 mln and adjusted net profit attributable to shareholders rose 125% to €2,801 mln, helped by 7% underlying production growth and a refining margin that averaged $28.1/bbl versus $8.9/bbl a year earlier. Management is passing the upside straight to shareholders — an extraordinary dividend of €0.46 per share (about €1.3 bln, payable December 9) on top of the confirmed €1.1 ordinary payout, and a buyback raised 12% to €3.8 bln from the €3.4 bln guided last quarter. Net debt fell to €6.7 bln and proforma gearing to a historic-low 9%, so the higher distribution is funded by cash flow rather than borrowing. The main soft spot is chemicals, where Versalis posted a €178 mln quarterly loss as European product margins deteriorated further.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 45.6% of the 241 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.73%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, E was trading at $59.27 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $88.7B. The 52-week trading range was $36.13 to $62.16. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.