- Eni’s adjusted net income for the first quarter is EU1.58 billion, aligning with the estimated EU1.57 billion.
- There was a decline of -46% in the adjusted net income compared to the previous year.
- The adjusted operating profit for Exploration & Production is EU3.32 billion, exceeding the estimated figure of EU2.42 billion.
- Global Gas & LNG Portfolio has an adjusted operating profit of EU325 million, which is above the estimated EU298.1 million.
- Enilive, Refining, and Chemicals have an adjusted operating profit of EU420 million, substantially higher than the earlier estimate of EU134.6 million.
- The net income of the company is EU1.21 billion, a significant reduction of -49% from the previous year.
- Net cash from operations is at EU1.90 billion, dropping by -36% and falling short of the EU3.26 billion estimation.
- The production rate stood at 1.74 million boe/day, slightly above the estimated 1.69 million.
- Liquids were produced at a rate of 797,000 barrels/day, surpassing the 789,647 barrels/day estimate.
- Natural gas production was 4.94 billion cubic feet/day, above the estimated 4.84 billion.
- The average realized price per barrel for liquids was $74.53, slightly lower than the estimated $75.95.
- The average realized price per thousand cubic feet for natural gas was $7.04, noticeably higher than the $5.94 estimate.
- Standard Eni refining margin per barrel was $8.70, marginally lower than the estimated $8.91.
- The 1Q Proforma Adjusted Ebit stands at EU4.1B.
- Eni forecasts an adjusted operating profit exceeding EU14 billion, surpassing the estimate of EU11.74 billion.
- Predicted Global Gas & LNG Portfolio adjusted operating profit is EU800 million, lower than the estimated EU1.12 billion.
- It is expected that production will range between 1.69 million to 1.71 million boe/day, skirting around the 1.70 million estimate.
- Projected capital expenditure is about EU9 billion.
- The share buy-back is now expected to be at €1.6B.
- Eni’s proforma adjusted EBIT and CFFO before working capital for the full year are both anticipated to be over €14 bln.
- Enilive and Plenitude are both expected to have a proforma adjusted Ebitda of €1b for each business for the full year.
A look at Eni SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| 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
Eni SpA, a company engaged in exploring and producing hydrocarbons across various regions, has received notable Smart Scores indicating a positive long-term outlook. With high scores in Dividend and Value, Eni demonstrates strong financial performance and a commitment to rewarding its investors. Moreover, its Growth score suggests promising prospects for future expansion and development. While the company scores slightly lower in Resilience and Momentum, its overall outlook remains positive, positioning Eni as a reliable investment option in the energy sector.
Eni SpA‘s diverse operations span from exploration and production of hydrocarbons to electricity generation and refining. With a strategic presence in multiple key regions, including Italy, Africa, and the Gulf of Mexico, Eni has established itself as a significant player in the energy industry. The combination of solid financial fundamentals, strong dividend payouts, and a focus on growth initiatives underscores Eni’s position as a resilient and forward-thinking company poised for long-term success in the evolving energy market.
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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