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Eni S.P.A. (E)
:E
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Eni SPA
(NYSE:E)
Select Model
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Rating:78Outperform
Price Target:
$40.00
â–²(11.58% Upside)
Eni SPA's overall stock score is driven by strong financial performance, positive technical indicators, and a favorable earnings call. The company's robust cash flow and strategic initiatives in upstream growth and renewable capacity are key strengths. While there are challenges in profitability and the chemical sector, the high dividend yield and strategic progress support a positive outlook.
Eni SPA (E) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$54.75B
Dividend Yield4.99%
Average Volume (3M)229.94K
Price to Earnings (P/E)20.6
Beta (1Y)0.28
Revenue Growth-6.31%
EPS Growth-33.87%
CountryUS
Employees32,492
SectorEnergy
Sector Strength52
IndustryOil & Gas Integrated
Share Statistics
EPS (TTM)0.85
Shares Outstanding1,573,382,600
10 Day Avg. Volume229,056
30 Day Avg. Volume229,936
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.40
Enterprise Value/Revenue0.89
Enterprise Value/Gross Profit6.96
Enterprise Value/Ebitda3.42
Forecast
1Y Price Target
$33.60Price Target Upside-6.28% Downside
Rating ConsensusHold
Number of Analyst Covering1
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: |
Next Earnings Date:Oct 24, 2025
Earnings Call Sentiment Positive
The earnings call reflects a positive sentiment overall, with significant strategic progress, successful partnerships, and strong financial performance outweighing the challenges in the chemical sector and refining operations.Q2-2025 Updates
Positive Updates
Strong Strategic Progress
Eni continued its strategic progress with a focus on upstream growth, exploration success, and integration of equity gas production into the LNG chain.
Upstream Growth and Major Projects
Eni discovered around 600 million barrels of oil equivalent of new resources in the first half of 2025, with major projects like Johan Castberg and Balder X in Norway contributing to production targets.
Growth in Renewable Capacity
Plenitude's renewable capacity grew by over 30% year-on-year, reaching over 5.5 gigawatts net, with a significant investment from Ares valuing Plenitude at around EUR 12 billion.
Financial Strength and Cash Flow
Eni maintained strong financial performance with CFFO expected to reach EUR 11.5 billion in 2025, leverage at historic lows, and a EUR 3 billion cash initiative identified.
Successful Partnerships and Investments
Eni's combination with Petronas in Indonesia and Malaysia and significant investments from partners like KKR and Ares highlight strong strategic partnerships.
Negative Updates
Challenges in Chemical Sector
Versalis, Eni's chemical division, remains significantly loss-making despite improvements, with a challenging economic recovery in the European chemical sector anticipated.
Refinery Downtime Impact
Refining operations were impacted by downtime at key assets, affecting margins despite improvements compared to Q1.
Ongoing Arbitration Concerns
Eni is involved in ongoing arbitration related to a contract with Venture Global, reflecting potential uncertainties in LNG supply agreements.
Company Guidance
In the recent call, Eni provided a comprehensive overview of its strategic progress and financial performance for the first half of 2025. Eni's upstream production reached 1.67 million barrels per day, aligning with the guided range, while EBIT for Q2 stood at approximately EUR 1.7 billion. The company's CFFO is expected to grow by around 40% by 2030, driven by strategic initiatives such as exploration success, active portfolio management, and integration of equity gas production into the LNG chain. Eni's significant discoveries of about 600 million barrels of oil equivalent in the first half, and key projects like Johan Castberg and Balder X in Norway, are set to boost production levels. Alongside its upstream activities, Eni is advancing its transition businesses, with Plenitude's renewable capacity expected to grow by over 30% year-on-year to exceed 5.5 gigawatts by the end of 2025. The company also outlined its cash initiatives, raising the total benefit from EUR 2 billion to EUR 3 billion for the year, and plans to maintain pro forma leverage between 15% and 20% in 2025. Eni's ongoing strategic execution aims to enhance financial performance and profitability, supporting a competitive euro-denominated dividend and share buyback program.Eni SPA Financial Statement Overview
Summary
Eni SPA demonstrates solid financial management with strong operational cash flows and a stable balance sheet, albeit with some profitability and revenue growth challenges. The income statement reflects cost pressures and decreased profitability, while the balance sheet shows a solid equity position but with increased leverage. Cash flow remains a key strength, supporting the company's operations and investments. Overall, Eni SPA is well-positioned financially, with room for improvement in profitability and revenue growth.Income Statement
The company's income statement shows a mixed performance. Gross profit margin has declined from previous years, with the TTM at 12.86% compared to 21.98% in 2022, indicating cost pressures. The net profit margin is also lower at 2.89% TTM, down from 10.48% in 2022, reflecting decreased profitability. Revenue has decreased by 5.75% TTM compared to 2024, signaling a challenging market environment. However, EBITDA margin remains strong at 26.17% TTM, showcasing operational efficiency. Overall, while there are profitability and revenue growth concerns, the company maintains solid operational margins.75
Positive
Balance Sheet
The balance sheet reveals a stable financial position with some cautionary signs. The debt-to-equity ratio is at 0.70 TTM, which shows a manageable leverage level but has increased slightly from 0.59 in 2022. The equity ratio is relatively strong at 36.51% TTM, indicating a solid equity base. Return on equity has decreased to 4.99% TTM from 25.36% in 2022, reflecting reduced profitability. Overall, the company maintains a robust equity position but faces challenges in leverage and profitability.70
Positive
Cash Flow
The cash flow statement is a strength for the company. The operating cash flow to net income ratio is robust at 5.04 TTM, indicating strong cash generation relative to profit. Free cash flow is positive at $4.16 billion TTM, although it has decreased from previous years, indicating some pressure on cash generation. Free cash flow to net income ratio is also strong at 1.67 TTM, suggesting efficient cash conversion. Despite a decline in free cash flow growth, the company has a solid cash flow position overall.80
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
35.85
Price Trends
34.44
Positive
32.62
Positive
30.14
Positive
Market Momentum
0.28
Negative
63.97
Neutral
90.60
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 35.85 is above the 20-day moving average (MA) of 34.79, above the 50-day MA of 34.44, and above the 200-day MA of 30.14, indicating a bullish trend. The MACD of 0.28 indicates Negative momentum. The RSI at 63.97 is Neutral, neither overbought nor oversold. The STOCH value of 90.60 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $54.75B | 20.59 | 4.83% | 4.99% | -6.31% | -33.87% | |
74 Outperform | $212.55B | 16.31 | 7.51% | 3.86% | -5.75% | -20.18% | |
73 Outperform | $80.67B | 6.16 | 18.86% | 12.75% | -13.68% | -13.96% | |
73 Outperform | $65.56B | 8.44 | 19.62% | 8.38% | 1.19% | -7.87% | |
73 Outperform | $141.93B | 11.10 | 13.37% | 4.60% | -10.73% | -36.76% | |
65 Neutral | $92.35B | 151.23 | 0.98% | 5.39% | -7.40% | -90.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
E
Eni SPA
35.85
6.98
24.18%
BP
BP
35.69
6.13
20.74%
PBR
Petroleo Brasileiro SA- Petrobras
13.08
0.47
3.73%
SHEL
Shell
73.40
10.15
16.05%
EQNR
Equinor ASA
25.54
1.98
8.40%
TTE
TotalEnergies
63.15
0.72
1.15%
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.