)
Eni (ENI) investor relations material
Eni Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Proforma adjusted EBIT rose 40% year-over-year to €8.91 billion in H1 2026, with Q2 EBIT doubling to €5.38 billion, driven by strong E&P, GGP, and transition businesses.
Adjusted net profit increased 43% to €3.64 billion, with net profit at €4.39 billion, reflecting strong operational performance and a €2.1 billion gain from the Searah JV.
Underlying hydrocarbon production grew 11% year-over-year to 1.79 million boe/d, with full-year production growth expected at around 5%.
Strategic progress included major discoveries, project ramp-ups, Searah JV establishment, and expansion in renewables and biofuels.
Transition businesses (Enilive and Plenitude) delivered €1.1 billion adjusted EBITDA in H1 2026, with Plenitude’s deconsolidation planned for Q3.
Financial highlights
Group proforma adjusted EBIT: €8.91 billion (+40% y-o-y); Q2 2026 EBIT: €5.38 billion (doubled y-o-y); adjusted net profit: €3.64 billion (+43% y-o-y); net profit: €4.39 billion (+156%).
Cash flow from operations (pre-working capital) was €7.3 billion in H1 2026; Q2 2026 adjusted CFFO: €4.47 billion.
Organic capex in H1 2026: €3.7 billion (down 5% y-o-y); net borrowings before lease liabilities: €11.3 billion; proforma gearing at 10%.
Share buyback program increased to €3.4 billion for 2026; €860 million spent as of July 17, 2026.
Dividend per share for 2026 confirmed at €1.10 (+5% y-o-y); cash returns to shareholders in Q2 2026 totaled €1.35 billion.
Outlook and guidance
FY26 oil & gas production growth guidance raised to ~5%, with 4% CAGR expected through 2030.
GGP adjusted proforma EBIT guidance raised to over €1.4 billion (+40% vs. initial); Enilive and Plenitude FY proforma adjusted EBITDA guided at €1.3 billion each.
Adjusted CFFO expected at €15 billion at revised Brent scenario of $85/bbl.
Share buyback program increased to €3.4 billion; extraordinary dividend possible if Brent exceeds $90/bbl or refining margins remain high.
Gearing expected to remain at 10–15% for 2026.
- H1 2025 delivered strong cash flow, deleveraging, and strategic growth in LNG and renewables.ENI
Q2 20258 Jul 2026 - Dual growth in upstream and transition businesses drives higher returns and shareholder distributions.ENI
CMD 20268 Jul 2026 - Strong EBIT, production growth, and portfolio upgrades drive robust results and higher returns.ENI
Q2 202410 Jun 2026 - Strong Q1 2026 results, 9% production growth, €3.54 bln EBIT, €1 bln returned to shareholders.ENI
Q1 202628 Apr 2026 - 2025 saw record growth, robust cash flow, and top-tier shareholder returns with low gearing.ENI
Q4 202510 Apr 2026 - Resilient Q3, €3.4B EBIT, €4.4B 9M profit, major investments, and higher shareholder returns.ENI
Q3 202418 Jan 2026 - Accelerated low-carbon growth, higher returns, and increased shareholder distributions.ENI
CMD 20257 Jan 2026 - Q1 2025: €3.7 bln EBIT, €1.4 bln net profit, historic deleveraging, and robust transition growth.ENI
Q1 20256 Jan 2026 - On track for 15 GW renewables, 15M customers, and net zero by 2040, with robust ESG ratings.ENI
Company Presentation27 Oct 2025
Next Eni earnings date
Next Eni earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)