Eni Reports Third-Quarter Net Profit Surge as Shares Jump 5.8 Percent
Eni posted a 2,8 billion euro adjusted net profit for the third quarter, more than doubling its earnings from the same period last year and driving a 5.8% surge in its stock price, The Daily Fact reported.
Claudio Descalzi described the results as excellent during the earnings release. Alongside the earnings report, management updated its full-year guidance for adjusted operating cash flow to 16.5 billion euros.
Eni board approves special dividend for shareholders
Building on the quarterly performance, Eni’s board of directors approved a special dividend of 0.46 euro per share, totaling approximately 1.3 billion euros, according to SoldiOnline.it. This extra payout aligns with the company’s shareholder remuneration policy, which dictates that 100% of incremental cash flow from operations generated above baseline assumptions is returned to investors.
The extraordinary coupon will trade ex-dividend on December 7, 2026, with payment scheduled to begin on December 9, 2026. Relative to the stock’s closing price of 26.13 euros on October 22, 2026, the additional distribution yields a gross return of 1.76%.
Concurrently, the board increased its 2026 share buyback program to 3.8 billion euros. This marks a 12% upward revision from the previous guidance of 3.4 billion euros set during the prior quarter. Eni also reaffirmed its 2027 dividend target for the 2026 financial year at 1.10 euro per share—a 5% increase over 2025—with a second tranche payment of 0.27 euro scheduled for November 23, 2026.
Italian politicians criticize profits as Eni shares climb
The steep profit increase drew immediate criticism from opposition politicians in Italy. As The Daily Fact noted, Avs accused Giorgia Meloni’s administration of favoring oil companies, while the Democratic Party (PD) and the Five Star Movement (M5S) called for heavier taxation on corporate energy profits.
Meanwhile, trading on the Milan Stock Exchange reflected broad support for the energy sector. Eni shares climbed 5.8%, leading positive momentum among oil-related equities alongside peers like Tenaris and Saipem. The broader Piazza Affari index remained stable at 48,290 points despite negative sessions across other major European bourses, including Frankfurt, London, and Paris.
Frequently Asked Questions About Eni’s Financial Update
What was Eni’s net profit for the third quarter?
Eni recorded an adjusted net profit of 2.8 billion euros for the third quarter, representing a 125% increase compared to the previous year, while its statutory net profit reached 3.2 billion euros.
When will shareholders receive the extraordinary dividend?
The special dividend of 0.46 euro per share will go ex-dividend on Monday, December 7, 2026, and payments will start on December 9, 2026.
How much has Eni expanded its share buyback program?
The company increased its 2026 buyback commitment to 3.8 billion euros, up 12% from the 3.4 billion euro guidance announced in the previous quarter.
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