Logotype for Eni S.p.A.

Eni (ENI) investor relations material

Eni Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Eni S.p.A.
Q3 2025 earnings summary24 Oct, 2025

Executive summary

  • Q3 2025 and 9M 2025 results showed strong execution of strategy, with 6–8.5% year-on-year upstream production growth, robust cost efficiencies, and progress in both traditional E&P and energy transition businesses.

  • Major project milestones included Agogo West Up in Angola, Coral North FLNG FID in Mozambique, Baleine field stake sale in Ivory Coast, and new start-ups in Norway and Indonesia.

  • Transition segment advanced with biorefinery conversion, targeted tripling of biofuel capacity by 2030, and strong renewable capacity growth.

  • Portfolio strengthened by asset sales, private equity investments in transition businesses, and strategic agreements in LNG, renewables, and biorefining.

  • Technology and AI deployment supported operational optimization and financial performance.

Financial highlights

  • Q3 2025 proforma adjusted EBIT reached €3.0 billion, up 12% sequentially but down 6–12% year-on-year; net profit was €1.2–1.25 billion, with nine-month net profit at €3.79–3.8 billion.

  • Upstream proforma EBIT was €2.6–2.64 billion; GGP delivered €279–346 million EBIT in Q3.

  • Enilive reported €233 million EBIT and €317 million EBITDA, up 26–35% year-on-year; Plenitude EBIT softened to €98 million.

  • Adjusted net income was €1.25 billion in Q3, flat to down 2% year-on-year, despite lower oil prices and a stronger euro.

  • Net debt declined to €9.9 billion, with leverage at 19% (proforma 12%); net borrowings before lease liabilities down €2.2 billion from December 2024.

Outlook and guidance

  • Full-year 2025 production guidance raised to 1.71–1.72 million boe/d, with Q4 expected at 1.8 million boe/d.

  • Group CFFO guidance increased to €12 billion, with net capex below €5 billion and gross capex below €8.5 billion.

  • Share buyback for 2025 increased to €1.8 billion, with €1 billion remaining to be executed; dividend for FY25 set to rise 5% to €1.05/share.

  • GGP full-year EBIT expected to exceed €1 billion; cash initiatives and self-help measures to deliver €4 billion benefit.

  • Year-end leverage expected in the 15–18% proforma range.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Eni earnings date

Logotype for Eni S.p.A.
Q4 202519 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Eni earnings date

Logotype for Eni S.p.A.
Q4 202519 Feb, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, 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.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Italian Energy Giant

Eni SpA, commonly known as Eni, is a globally recognized name in the energy sector. Founded in Rome, Italy, in 1953, Eni has grown to become an integral player in the global energy landscape. The company's operations encompass the full energy mix, with an emphasis on oil and gas exploration and production, refining, and power generation.

Italians Through and Through

Eni's roots are deeply intertwined with Italian history. The company was established in the post-WWII period, spearheaded by the industrious Enrico Mattei, who sought to reduce Italy's reliance on foreign oil. Eni rapidly expanded its operations across the Italian peninsula, quickly establishing a robust domestic oil and gas industry. To this day, Eni's headquarters are still located in Rome, and the company remains a significant employer and contributor to the Italian economy. With operations in over 60 countries, Eni is today considered one of the supermajors in the world of oil and gas, along with other industry titans such as ExxonMobil, Shell, and BP.

An Industry Titan

Over the years, Eni has proven itself to be a formidable player in the international energy sector. The company's activities cover the entire energy chain, including exploration, production, transport, transformation, and marketing of oil and gas. Eni's successful exploration activities have led to major discoveries, particularly in Africa and the Mediterranean. However, it's not only about oil and gas. Eni is also actively involved in power generation, providing electricity and heat through natural gas, wind, solar, and other sources. In addition to this, Eni also operates in the petrochemicals sector, producing a wide range of products used in various industries, including automotive, healthcare, and textiles.

Looking Ahead

Just like every other company in the energy sector, Eni faces the complex challenge of adapting to the global energy transition. Acknowledging the pressing need for a more sustainable energy future, the company has begun to invest in more renewable energy sources. Their "Eni gas e luce" division, for example, supplies electricity and natural gas to households, companies, and public administrations. The company is aiming to offer more sustainable solutions to its customers and transition towards a future that will be relying less and less on oil and gas, and more on renewable energy sources.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage