Adjusted net profit reached 6.4 billion euros in the first nine months of 2026, up 70%, while reported net profit was 7.595 billion euros, up 202%.
An extraordinary dividend of 0.46 euro per share, about 1.3 billion euros, will be paid in December, and the 2026 buyback rises 12% to 3.8 billion euros.
Net debt fell 33% to 6.702 billion euros, and the 2026 operating cash flow projection is 16.5 billion euros.
Eni reported its results on Friday, 23 October 2026, with adjusted net profit of 6.4 billion euros for the first nine months, up 70% on the same period of 2025. Reported net profit for the nine months was 7.595 billion euros, up 202%. In the third quarter, adjusted net profit reached 2.8 billion euros, up 125%, while reported net profit was 3.2 billion euros, up 299%. Proforma adjusted EBIT doubled to 6 billion euros in the quarter from 3 billion a year earlier, and rose 59% to 14.905 billion euros over nine months. The company attributed the gains to strong performance across all businesses, notably its upstream satellite units, restructuring measures in chemicals and cost management.
Chief executive Claudio Descalzi linked the figures to the operating model and to selective investment in the portfolio.
“The excellent results achieved in the third quarter stem from the strength of our operating model and selective investments in our portfolio of competitive assets.”
Operating cash flow rose 12% to 10.056 billion euros over the nine months and 42% to 4.359 billion euros in the third quarter. Organic investments fell 14% to 5.055 billion euros for the nine months and 32% to 1.345 billion euros in the quarter. Net debt dropped 33% to 6.702 billion euros, and pro forma gearing reached a record low, below a range of 10-15%. Eni resolved to pay an extraordinary dividend of 0.46 euro per share, about 1.3 billion euros, in December. The 2026 buyback programme rises 12% to 3.8 billion euros, up from the earlier guidance of 3.4 billion euros.
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The company also confirmed its 2026 ordinary dividend forecast of 1.1 euro per share, up 5% on 2025.
Organic oil and gas production rose 7% in the third quarter from a year earlier, excluding price effects, to 1.83 million barrels of oil equivalent per day. That figure was 2% above the previous quarter. Another report put the year-on-year rise at 4%, to 1.829 million barrels per day. The growth came from new projects in West Africa, offshore Mexico and Norway, and from full operation of the Searah joint venture. Nine-month output reached 1.805 million barrels of oil equivalent per day, up 7%. Descalzi also pointed to new discoveries.
“Thanks to our excellent exploration activities, this year we discovered 1.23 billion barrels of new hydrocarbon resources.”
For the full year, Eni now expects operating cash flow of 16.5 billion euros and net investments below 4.5 billion euros. The company raised its production growth estimate to 6-7%. Eni said the results further improve its 2026 prospects and confirm the year as one of results above earlier forecasts. Descalzi closed his comments with a pledge to customers.
“We are well positioned to keep providing our customers with sustainable, secure and increasingly decarbonised energy supplies.”
The extraordinary dividend is scheduled for payment in the fourth quarter.
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Eni reported adjusted net profit of 6.4 billion euros for the first nine months of 2026 and will pay an extraordinary 0.46 euro per share dividend in December. The company also raised its 2026 buyback by 12% to 3.8 billion euros.
AI text based on reports by La Razón, AGI, ANSA.it and other publishers. Published .