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Eni SPA (E)
NYSE:E
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Eni SPA
(NYSE:E)
Rating:79Outperform
Price Target:
$39.00
▲(10.76% Upside)
Eni SPA (E) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$53.10B
Dividend Yield6.75%
Average Volume (3M)235.84K
Price to Earnings (P/E)20.2
Beta (1Y)0.29
Revenue Growth-6.31%
EPS Growth-33.87%
CountryUS
Employees32,492
SectorEnergy
Sector Strength45
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.85
Shares Outstanding1,573,382,600
10 Day Avg. Volume222,913
30 Day Avg. Volume235,845
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.45
Enterprise Value/Revenue0.89
Enterprise Value/Gross Profit6.96
Enterprise Value/Ebitda3.42
Forecast
1Y Price Target
$35.40Price Target Upside0.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Eni SPA Business Overview & Revenue Model
Company DescriptionEni S.p.A. is an Italian multinational oil and gas company headquartered in Rome. It operates across various sectors including exploration and production of oil and natural gas, refining, and marketing of petroleum products, as well as renewable energy and gas distribution. Eni is involved in the entire hydrocarbon supply chain, from the exploration of new reserves to the production and sale of oil and gas, alongside a growing focus on sustainable energy solutions.
How the Company Makes MoneyEni generates revenue primarily through the exploration and production of oil and natural gas, which constitutes its largest revenue stream. The company engages in upstream activities to discover and extract hydrocarbons, which are then sold on global markets. Additionally, Eni earns income from downstream operations, including the refining of crude oil into various petroleum products, which are marketed and sold through its extensive distribution network. The company also has significant revenue from its gas and power segment, which includes the sale of natural gas and electricity, as well as its involvement in renewable energy projects. Strategic partnerships and joint ventures, particularly in exploration and production, enhance Eni's operational capabilities and market reach, contributing positively to its earnings. Furthermore, Eni is increasingly focusing on sustainability initiatives, which may provide new revenue opportunities in the growing renewable energy sector.
Eni SPA Earnings Call Summary
Earnings Call Date:Jul 25, 2025
(Q2-2025)
| % Change Since: 3.59%|
Next Earnings Date:Oct 24, 2025
Earnings Call Sentiment Positive
The earnings call highlights Eni's strong strategic progress and growth in various segments, particularly in exploration, upstream, and renewable energy capacity. Despite challenges in Versalis and refining operations, the company maintains a strong financial position with significant cash initiatives in place.Q2-2025 Updates
Positive Updates
Strong Strategic Progress and Growth
Eni has continued its strategic progress through the first half of 2025, with a focus on upstream growth, exploration success, and downstream transformation. The company expects to grow CFFO by 40% by 2030 and improve return on capital employed.
Significant Exploration Success
Eni discovered around 600 million barrels of oil equivalent of new resources in the first half of 2025, including discoveries in Namibia, Ivory Coast, and Norway.
Upstream and LNG Developments
Eni's upstream production was 1.67 million barrels per day, with major projects like Johan Castberg and Balder X starting up. Eni also signed an agreement for the Argentina LNG project.
Growth in Renewable Energy Capacity
Plenitude's renewable capacity is expected to grow by over 30% year-on-year to over 5.5 gigawatts net by the end of 2025.
Strong Financial Position
Net debt fell to EUR 10.2 billion, with leverage at 19%. Pro forma leverage was 10%, the lowest level in Eni's history.
Significant Cash Initiatives
Eni has achieved EUR 1 billion in cash initiatives and expects to reach a total benefit of EUR 3 billion by the end of the year.
Negative Updates
Challenges in Versalis
Versalis remains significantly loss-making despite improvements. The transformation plan is expected to bring Versalis back to free cash flow breakeven by the end of the 4-year plan.
Refining Operations Impacted
Refining operations improved on Q1 but were impacted by downtime at key assets.
Company Guidance
In Eni's 2025 First Half Results Conference Call, CEO Claudio Descalzi highlighted several key metrics and strategic initiatives. The company expects to grow its cash flow from operations (CFFO) by 40% by 2030, with a significant increase in return on capital employed. Shareholder returns are prioritized with a dividend growing over 5% annually and an active share buyback program. In the first half of 2025, Eni discovered 600 million barrels of oil equivalent in new resources and is advancing major projects, including five set for first production this year. Production averaged 1.67 million barrels per day in Q2, with EBIT at EUR 1.7 billion. The company anticipates CFFO of EUR 11.5 billion for 2025, EUR 0.5 billion higher than earlier guidance. The ongoing transformation of Versalis aims to improve EBIT by nearly EUR 1 billion. Net debt fell to EUR 10.2 billion, and pro forma leverage was 10%, indicating strong financial health. Additionally, Plenitude and Enilive are poised for significant growth, with Plenitude's EBITDA expected to triple between 2024 and 2030.Eni SPA Financial Statement Overview
Summary
Eni SPA displays strong operational efficiency with a robust cash flow generation; however, recent revenue declines and profit margin fluctuations due to increased operating expenses pose challenges.Income Statement
Eni SPA shows a strong gross profit margin of 12.5% and an EBITDA margin of 23.8% for TTM, indicating solid operational efficiency amidst industry challenges. However, the net profit margin has slightly declined to 2.9% due to increased operating expenses. Revenue growth has been negative recently, with a 5.8% decrease from the previous annual report, reflecting market volatility in the Oil & Gas sector.75
Positive
Balance Sheet
The company maintains a moderate debt-to-equity ratio of 0.67, demonstrating a balanced approach to leverage. The equity ratio stands at 37.1%, showing a solid equity base. However, ROE has decreased to 4.9% TTM, highlighting challenges in generating returns on equity.70
Positive
Cash Flow
Operating cash flow has remained robust with a slight increase, resulting in a high operating cash flow to net income ratio of 5.2, indicating efficient cash generation relative to net income. Free cash flow growth is modest at 4.7%, but the company maintains strong free cash flow relative to net income, ensuring cash availability for strategic initiatives.78
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 85.96B | 91.21B | 93.72B | 132.51B | 76.58B | 44.94B |
| Gross Profit | 11.05B | 20.25B | 12.40B | 22.78B | 13.96B | 11.77B |
| EBITDA | 22.49B | 16.82B | 17.76B | 28.52B | 19.86B | 7.91B |
| Net Income | 2.48B | 2.62B | 4.77B | 13.89B | 5.82B | -8.63B |
Balance Sheet | ||||||
| Total Assets | 136.21B | 146.95B | 142.61B | 152.17B | 137.76B | 109.65B |
| Cash, Cash Equivalents and Short-Term Investments | 16.60B | 14.98B | 16.98B | 19.91B | 18.86B | 14.91B |
| Total Debt | 34.87B | 34.97B | 39.14B | 31.87B | 33.13B | 31.70B |
| Total Liabilities | 82.81B | 91.26B | 88.96B | 96.94B | 93.25B | 72.16B |
| Stockholders Equity | 49.74B | 52.83B | 53.18B | 54.76B | 44.44B | 37.41B |
Cash Flow | ||||||
| Free Cash Flow | 4.16B | 5.09B | 5.90B | 5.04B | 7.63B | 190.00M |
| Operating Cash Flow | 12.52B | 13.09B | 15.12B | 5.82B | 12.86B | 4.82B |
| Investing Cash Flow | -8.52B | -9.82B | -9.37B | -7.02B | -12.02B | -4.59B |
| Financing Cash Flow | -4.89B | -5.38B | -5.67B | -8.54B | -2.04B | 3.25B |
Eni SPA Technical Analysis
Positive
35.21
Price Trends
33.20
Positive
30.97
Positive
29.51
Positive
Market Momentum
0.57
Negative
68.82
Neutral
94.60
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For E, the sentiment is Positive. The current price of 35.21 is above the 20-day moving average (MA) of 34.33, above the 50-day MA of 33.20, and above the 200-day MA of 29.51, indicating a bullish trend. The MACD of 0.57 indicates Negative momentum. The RSI at 68.82 is Neutral, neither overbought nor oversold. The STOCH value of 94.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for E.
Eni SPA Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $74.45B | 5.69 | 19.48% | 14.74% | -13.68% | -13.96% | |
79 Outperform | $53.10B | 20.21 | 4.83% | 6.75% | -6.31% | -33.87% | |
78 Outperform | $136.70B | 10.81 | 10.96% | 4.72% | -10.73% | -36.76% | |
77 Outperform | $207.75B | 14.22 | 7.40% | 3.95% | ― | ― | |
67 Neutral | $62.16B | 8.10 | 19.22% | 10.07% | 1.19% | -7.87% | |
65 Neutral | $14.84B | 8.62 | 2.77% | 5.45% | 4.51% | -62.52% | |
53 Neutral | $86.74B | 146.78 | 0.95% | 5.59% | -7.40% | -90.89% |
* Energy Sector Average
Performance Comparison
E
Eni SPA
35.21
4.74
15.56%
BP
BP
34.33
2.20
6.85%
PBR
Petroleo Brasileiro SA- Petrobras
12.07
-1.11
-8.42%
SHEL
Shell
71.85
2.15
3.08%
EQNR
Equinor ASA
24.54
-1.08
-4.22%
TTE
TotalEnergies
62.24
-3.39
-5.17%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.