Eni S.p.A. Earnings Recaps
Q3 2025
Oct 24, 2025
Eni's Q3 2025 results showcase robust operational performance and strategic execution, highlighted by an 8.5% year-on-year production growth and a strengthened balance sheet amid a challenging crude price environment.
Key takeaways
- Pro forma adjusted EBIT reached EUR 3 billion, reflecting a 12% increase from Q2 and a resilient performance despite a 14% fall in crude oil prices.
- Upstream production increased to 1.76 million barrels per day, driven by successful start-ups and optimizations.
- Strategic developments include the commencement of production at Azule Energy and advancements in LNG projects in Mozambique and Argentina, bolstering future growth prospects.
- Adjusted net income of EUR 1.25 billion remained stable year-on-year, supported by a more efficient tax rate and improved production mix.
- Eni plans to decrease net CapEx guidance to below EUR 5 billion for the year, positioning the company favorably amidst ongoing market challenges.