- Eni reported a 2Q adjusted net income of €1.13 billion, surpassing the expected €932.6 million.
- The company’s net income was €543 million, which was below the estimated €946.3 million.
- Pro forma adjusted EBIT stood at €2.68 billion.
- Adjusted operating profit reached €1.89 billion, higher than the €1.8 billion estimate.
- Exploration & Production sector reported an adjusted operating profit of €1.66 billion, slightly missing the €1.67 billion estimate.
- Enilive and Plenitude posted an adjusted operating profit of €262 million, below the anticipated €344.4 million.
- Net cash from operations amounted to €3.52 billion, exceeding the expected €3.22 billion.
- Total production averaged 1.67 million barrels of oil equivalent per day (boe/d), close to the 1.68 million estimate.
- Liquids production was 825,000 barrels per day, surpassing the estimate of 787,659 barrels.
- The average realized price for liquids was $62.77 per barrel, higher than the estimated $60.34.
- The standard Eni refining margin per barrel was $4.80, slightly above the $4.77 estimate.
- GGP and Power segment saw an adjusted operating profit of €378 million, well above the €217.1 million estimate.
- Refining and Chemicals reported an adjusted operating loss of €213 million, larger than the expected loss of €190.2 million.
- Market analysts have issued 12 buy, 16 hold, and 1 sell recommendations for Eni’s stock.
A look at Eni SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Eni SpA shows a positive long-term outlook. With high scores in both Value and Dividend factors, the company demonstrates strong fundamentals and a commitment to shareholder returns. Additionally, Eni’s balanced scores in Growth, Resilience, and Momentum indicate a stable performance across key operational aspects. Overall, Eni SpA appears well-positioned for sustainable growth and value creation in the future.
Eni SpA, an oil and gas company, explores and produces hydrocarbons in various regions globally. The company engages in natural gas production and transportation, electricity generation and trading, oil refining, and running gas stations. With a diversified operational portfolio, Eni is strategically positioned to benefit from its wide-ranging activities in different markets. The company’s strong foundation and multiple revenue streams suggest a promising future outlook based on the Smartkarma Smart Scores assessment.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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