Strong Q3 performance and improvement in cash flow, Eni S.p.A. Sponsored ADR (E.US) has increased its stock buyback plan by 20%.

On October 24, 2025 (Friday), Eni S.p.A. Sponsored ADR (E.US) disclosed its financial performance for the third quarter of the 2025 fiscal year: the quarterly revenue reached 20.5 billion euros, a decrease of 2% compared to the same period last year; net profit reached 865 million euros, a significant increase of 59% year-on-year; adjusted net profit was 12.5 billion euros (approximately 14.6 billion US dollars), exceeding analysts' previous expectations of 10.2 billion euros, but slightly lower than the 12.7 billion euros in the same period last year. Operating profit for the same period was 13 billion euros, a decrease of 1% from the third quarter of 2024. Basic earnings per share (EPS) were 0.25 euros, an increase of 56% year-on-year. The company emphasized that due to significantly improved cash flow prospects and profit performance exceeding market expectations, it will expand its stock buyback program this year. According to the financial report, the balance sheet of Eni S.p.A. Sponsored ADR has benefited from cost reduction plans initiated at the beginning of the year and measures to reduce debt through asset sales, leading to further increases in cash reserves. Based on this financial condition, the company decided to increase the scale of the previously announced 1.5 billion euro share buyback plan earlier this year by 20% to 1.8 billion euros (approximately 21 billion US dollars). This adjustment is also benefiting from the expected net debt approaching historical lows and the anticipated benefits of efficiency improvement measures of 4 billion euros. Previously, the company raised funds of several billion euros through the sale of shares in the renewable energy and mobility sectors, thereby increasing its dividend distribution capacity. Currently, the company expects operating free cash flow in 2025 to reach 12 billion euros, higher than the previous forecast of 11.5 billion euros. The company's CEO, Claudio Descalzi, pointed out that strong production growth has driven the company to raise its annual production expectations to 1.72 million barrels per day, confirming the production capacity increase brought about by the development of new oil fields in Congo, UAE, Qatar, and Libya. It is expected that the production growth rate will continue to accelerate in the coming months. He added that the merger plan for Indonesia and Malaysia business in collaboration with the Malaysian national oil company is expected to make Eni a major player in the Asian liquefied natural gas market. In terms of third-quarter production data, Eni S.p.A. Sponsored ADR's hydrocarbon production reached 1.756 million barrels of oil equivalent per day, a 6% increase year-on-year, exceeding the average analyst expectation of 1.72 million barrels of oil equivalent per day compiled by the company.