Top Page
ENI S.p.A.
(ENI)
ENI S.p.A. (ENI) vs. iShares MSCI Italy ETF (EWI)
ENI S.p.A. Business Overview & Revenue Model
ENI S.p.A. Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 82.15B | 91.17B | 94.79B | 133.64B | 77.66B |
| Gross Profit | 4.52B | 20.38B | 21.27B | 31.48B | 22.43B |
| EBITDA | 13.33B | 15.19B | 16.73B | 25.20B | 18.55B |
| Net Income | 2.61B | 2.62B | 4.77B | 13.89B | 5.82B |
Balance Sheet | |||||
| Total Assets | 137.07B | 146.95B | 142.61B | 152.17B | 137.76B |
| Cash, Cash Equivalents and Short-Term Investments | 15.09B | 14.98B | 16.98B | 18.41B | 14.55B |
| Total Debt | 38.64B | 34.97B | 39.14B | 31.87B | 33.13B |
| Total Liabilities | 84.28B | 91.26B | 88.96B | 96.94B | 93.25B |
| Stockholders Equity | 47.94B | 52.83B | 53.18B | 54.76B | 44.44B |
Cash Flow | |||||
| Free Cash Flow | 4.63B | 5.09B | 5.90B | 5.04B | 7.63B |
| Operating Cash Flow | 13.33B | 13.09B | 15.12B | 5.82B | 12.86B |
| Investing Cash Flow | -9.30B | -9.82B | -9.37B | -3.71B | -12.02B |
| Financing Cash Flow | -3.60B | -5.38B | -5.67B | -8.63B | -2.04B |
ENI S.p.A. Technical Analysis
ENI S.p.A. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | €25.92B | 10.18 | 11.48% | 4.46% | -11.36% | -20.23% | |
75 Outperform | €326.80M | 5.23 | 7.52% | 2.98% | 17.30% | 18.72% | |
73 Outperform | €6.73B | 15.58 | 13.05% | 6.99% | 18.52% | 29.29% | |
72 Outperform | €21.39B | 11.74 | 17.62% | 5.18% | -8.04% | 30.49% | |
72 Outperform | €19.69B | 7.46 | 14.70% | 4.41% | 10.18% | 8.43% | |
67 Neutral | €70.01B | 18.72 | 5.51% | 6.39% | -5.46% | 13.79% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
ENI S.p.A. Corporate Events
Eni has launched a restructuring of the shareholder base and governance of its subsidiary Plenitude with partners Ares Management and Energy Infrastructure Partners, establishing joint control between Eni and Ares and removing Plenitude from Eni’s financial reporting perimeter. The new structure is underpinned by a non‑proportional capital increase of about €1.5 billion at a pre‑money equity valuation of €10.75 billion, after which Eni will retain close to 65% ownership and management and coordination powers consistent with the new joint control.
The capital injection is designed to reinforce Plenitude’s balance sheet and support both organic and inorganic growth towards 15 GW of installed capacity and 15 million retail customers by 2030, while targeting an investment‑grade rating. The move aligns with Eni’s “satellite” strategy of unlocking value in its portfolio companies, reallocating capital to growth, energy security and shareholder value creation, and could enhance Plenitude’s strategic and financial flexibility, subject to regulatory approvals.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR26.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni’s board has approved the 2025 Annual Financial Report, reporting net profit attributable to shareholders of €2.608 billion at group level and €4.429 billion for the parent company, and confirmed that the fourth tranche of the 2025 dividend will be decided in early April for payment in May. The board also endorsed updated sustainability, corporate governance and remuneration reports and called a shareholders’ meeting for 6 May 2026 to approve the financial statements, allocate profit and appoint new corporate bodies, signaling a routine yet important governance and payout milestone for investors.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR26.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has updated and published its amended By-laws following the cancellation of 118,782,928 treasury shares previously repurchased under a shareholder-authorized buyback program. The revised By-laws are now accessible to the public at the company’s Rome headquarters, on its corporate website, through the Consob-authorized 1Info storage mechanism, and on the Borsa Italiana website, enhancing transparency for investors and other stakeholders.
The cancellation of treasury shares reflects the completion of a capital return initiative aimed at remunerating shareholders, which was approved at the 2025 shareholders’ meeting and concluded in February 2026. By reducing the number of outstanding shares, the operation may impact key equity metrics such as earnings per share and signals Eni’s continued use of buybacks as a tool in its shareholder remuneration strategy.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR27.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni S.p.A. disclosed a transaction by Lapo Pistelli, its Director of Public Affairs and a person discharging managerial responsibilities, involving the sale of 937 ordinary Eni shares on the MTAA market. The disposal was executed on 16 March 2026 at a price of €22.585 per share and is reported under EU market abuse regulations, providing transparency on insider dealings to the market and other stakeholders.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR25.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has reported an internal dealing transaction involving Lapo Pistelli, the company’s Director of Public Affairs and a person discharging managerial responsibilities under EU market abuse rules. The notification, made in line with Regulation (EU) No 596/2014, identifies him as the relevant executive subject to disclosure requirements.
According to the filing, Pistelli disposed of 9,814 ordinary Eni shares on the Italian market (MTAA) at a price of €20.8906 per share in a single aggregated transaction on 11 March 2026. The trade, which is not linked to the exercise of a share option plan, provides investors with transparency on share dealings by senior management, as required under European market abuse regulations.
Such disclosures help market participants monitor potential alignment between management’s personal trading activity and the company’s performance and outlook. While individual insider transactions of this size typically do not alter Eni’s capital structure, they are closely watched as potential sentiment indicators and form part of the broader governance and compliance framework for listed European issuers.
The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR17.50 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni disclosed that Lorenzo Fiorillo, Director of Technology, R&D & Digital and a person discharging managerial responsibilities, executed a market transaction involving the company’s ordinary shares. The filing reports the disposal of 3,000 Eni shares on the MTAA market at a price of €20.9155 per share, providing transparency on insider dealing in line with EU market abuse regulations.
The notification, categorized as a new filing, details that the transaction is not linked to any share option programme and took place on 10 March 2026. While modest in size, such disclosures are closely watched by investors and regulators as part of ongoing oversight of management trading activity and corporate governance standards at the Italian energy group.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR21.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has disclosed a share transaction by a senior manager, in line with European market abuse regulations governing dealings by persons discharging managerial responsibilities. Lorenzo Fiorillo, Director of Technology, R&D & Digital at Eni, sold 4,896 ordinary Eni shares on the MTAA market at a price of €20.483 per share on 10 March 2026, with the deal reported as a standard disposal not linked to any share option programme.
The notification underscores the company’s adherence to transparency requirements on insider dealings, providing detailed data on the instrument, price, volume and trading venue. While routine in nature, such disclosures are closely watched by investors as they can signal changes in executives’ equity exposure and contribute to market confidence in the company’s governance and regulatory compliance.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR21.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has disclosed a transaction by Gianfranco Cariola, its Director of Internal Audit and a person discharging managerial responsibilities, in compliance with EU market abuse regulations. The disclosure concerns the sale of 7,675 ordinary Eni shares on the MTAA market at a price of €20.40 per share on March 6, 2026, signaling routine insider dealing transparency rather than a strategic shift, but still offering investors insight into management’s equity dealings.
The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR17.50 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has updated its share capital structure after cancelling 118,782,928 treasury shares, following a mandate granted by shareholders at the May 2025 extraordinary meeting. The cancellation, executed without reducing the overall share capital of €4,005,358,876, reduces the total number of outstanding ordinary shares from 3,146,765,114 to 3,027,982,186, potentially enhancing earnings per share and signaling continued capital management discipline.
The change required an amendment to Article 5 of Eni’s Articles of Association, which has now been formally filed with the Companies Register. By maintaining the same total capital while shrinking the share count, the move may improve capital efficiency, affect per‑share metrics and support shareholder‑friendly policies such as dividends that carry a regular entitlement date of 1 January 2026.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR22.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni disclosed a series of share transactions carried out on the Euronext Milan by Société Générale, involving purchases of Eni shares across multiple trading sessions in February 2026. The trades, none of which were classified as hedging, were executed at average prices between roughly €17.05 and €18.30, with daily volumes typically in the 380,000–480,000 share range.
These operations indicate sustained institutional trading interest in Eni’s stock over that period, potentially contributing to liquidity and influencing price formation in the market. For investors and other stakeholders, the detailed breakdown of dates, volumes and prices offers transparency into significant dealings in the issuer’s securities by a major financial institution.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR23.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has disclosed a transaction by Gianfranco Cariola, its Director of Internal Audit and a person discharging managerial responsibilities, involving the sale of 2,073 ordinary Eni shares on the Italian MTAA market at €20.30 per share. The disposal, which is not linked to a share option programme, is reported under EU market abuse regulations and provides transparency on insider dealings to investors and regulators.
The notification underscores Eni’s adherence to European rules on disclosure of transactions by senior managers, offering stakeholders greater visibility on insider trading activity and governance practices. While the transaction is small relative to Eni’s market capitalisation, such disclosures help maintain market integrity and inform investor perception of management’s dealings in the company’s securities.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR22.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has disclosed an internal share dealing transaction involving Lorenzo Fiorillo, its Director of Technology, R&D and Digital, who is classified as a person discharging managerial responsibilities under EU market abuse rules. The filing reports that Fiorillo disposed of 5,106 Eni ordinary shares on the MTAA market at a price of €20.0295 per share on 3 March 2026, in a transaction not linked to any share option programme.
The notification, made under Regulation (EU) No. 596/2014, contributes to transparency around dealings by senior management in Eni’s securities and allows investors to track potential changes in alignment between key executives and shareholders. While the size of the sale is limited relative to Eni’s market capitalisation, such disclosures are closely watched as they can provide signals—however modest—about insider sentiment and personal portfolio management among top managers.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR22.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has disclosed a transaction by Luca Franceschini, its Director of Integrated Compliance and Secretary of the Board, who is classified as a person discharging managerial responsibilities under EU market abuse rules. The filing reports that he disposed of 7,700 Eni ordinary shares on the MTAA market on 2 March 2026 at a weighted average price of €20.2639 per share, a routine transparency requirement that informs investors about trading by senior insiders but does not in itself signal a change in the company’s strategic or operational outlook.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR22.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni S.p.A. disclosed a transaction by Cristian Signoretto, Director Global Gas & LNG Portfolio and a person discharging managerial responsibilities, involving the sale of 10,000 ordinary Eni shares. The disposal was executed on the MTAA market on 26 February 2026 at a price of €19.1107 per share, as part of mandatory transparency reporting for insider dealings under EU market abuse rules.
The notification, classified as a new filing, confirms that the transaction is not linked to the exercise of a share option programme and aggregates a single block trade at the stated volume and price. While the deal size is limited relative to Eni’s market capitalisation, such disclosures are closely watched by investors for signals on management’s confidence and provide additional visibility into trading activity by key executives in the group’s gas and LNG division.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR19.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni S.p.A. has announced that its “2025 Full Year Results” presentation will be made available to the public on the company’s website in the Publications/Investor Presentations section. The same materials will also be accessible through the Consob-authorized centralized storage mechanism 1Info, ensuring investors and stakeholders can easily consult the results documentation.
By distributing its full-year results presentation through both its own digital channels and a regulated information storage platform, Eni is reinforcing transparency and compliance with Italian market disclosure rules. The move facilitates broader and timelier access to key financial information for shareholders, analysts, and the wider market, supporting informed assessment of the company’s performance and outlook.
The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR17.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni reported strong fourth-quarter and full-year 2025 results, with adjusted net profit up 35% to €1.20 billion and operating cash flow of €3 billion, helping cut leverage to a historically low 14%. The company delivered major upstream projects in Angola, Indonesia, Norway and Congo, lifted annual production above expectations to 1.73 million boe per day, and achieved a top-tier 167% organic reserve replacement ratio, underpinning its medium-term growth profile while supporting higher shareholder distributions.
Strategically, Eni advanced its LNG and low-carbon portfolio with new long-term LNG sales contracts in Turkey and Thailand, progress toward a final investment decision on a large Argentina LNG project and a planned E&P joint venture with Petronas in Indonesia and Malaysia. Its transition businesses grew via the acquisition of Neoen assets in France, a deal to buy Acea Energia that accelerates its retail customer target, expansion of biofuel capacity through the Pengerang biorefinery, and external investments in Plenitude and CCS that crystallized value and reinforced its positioning in the energy transition.
The most recent analyst rating on (IT:ENI) stock is a Sell with a EUR17.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni’s board has approved the third tranche of the provision in place of the 2025 dividend, confirming a payout of €0.26 per share from available reserves for investors holding stock on the ex‑dividend date of 23 March 2026. Payment will be made on 25 March 2026 and forms part of a total annual provision of €1.05 per share previously authorised by shareholders.
Holders of Eni ADRs on the NYSE will receive €0.52 per ADR, with distribution scheduled for 8 April 2026 via Citibank, N.A., net of applicable Italian withholding tax. The announcement underlines Eni’s commitment to its shareholder remuneration policy and clarifies the record date and tax treatment conditions that will govern eligibility and net proceeds for both domestic and international investors.
The most recent analyst rating on (IT:ENI) stock is a Sell with a EUR17.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has completed its 2025 share buyback program, repurchasing 118,782,928 shares for about €1.8 billion, equal to 3.77% of its share capital, in a move designed to provide shareholders with additional remuneration on top of dividends. The repurchased shares are scheduled to be cancelled, which will reduce the company’s share count and is likely to enhance earnings per share and consolidate Eni’s shareholder‑friendly capital return profile.
Including the latest purchases and existing holdings, Eni now holds 205,610,942 treasury shares, corresponding to 6.53% of its share capital, part of which supports employee share and long‑term incentive plans. In the final phase between 16 and 18 February 2026, the group bought 1,189,467 shares on Euronext Milan at an average price of €18.2217, underscoring its continued use of buybacks and stock‑based awards as tools to manage capital structure and align employees with shareholder interests.
The most recent analyst rating on (IT:ENI) stock is a Sell with a EUR17.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has continued its share buyback programme, repurchasing 2,345,145 shares on Euronext Milan between 26 and 30 January 2026, equal to about 0.07% of its share capital, for a total consideration of just under €40 million at an average price of €17.0565 per share. Since the programme began in May 2025, the group has bought back over 113 million shares, or 3.59% of its capital, bringing total treasury shares to 199,904,791 (6.35% of share capital) when combined with existing holdings and shares allocated to management and employees, underscoring Eni’s ongoing capital return strategy and its potential impact on shareholder value and ownership structure.
The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR18.50 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has continued its share buyback programme, purchasing 2,426,532 treasury shares on Euronext Milan between 19 and 23 January 2026, equal to 0.08% of its share capital, at an average price of €16.4844 per share for a total consideration of about €40 million. Since the programme’s launch in May 2025, Eni has accumulated 110,731,632 treasury shares, representing 3.52% of its capital, and now holds a total of 197,559,646 treasury shares, or 6.28% of its share capital, factoring in shares already held and free share allocations to managers and employees under long-term incentive and broad-based ownership plans, underscoring an active capital management strategy with implications for shareholder returns and employee alignment with company performance.
The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has disclosed that Cristian Signoretto, Director of the company’s Global Gas & LNG Portfolio and therefore a person discharging managerial responsibilities, has carried out a disposal of Eni ordinary shares, as required under EU market abuse regulations. The transaction, involving multiple small-volume sales at prices around €16 per share, reflects standard transparency obligations for insider dealings and provides investors with visibility on trading activity by senior management, though the company has not indicated any direct impact on its strategic operations or outlook.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR20.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has continued to execute its 2025 share buyback programme, purchasing 1,875,245 own shares on Euronext Milan between 22 and 23 December for about €30 million at an average price of €16.02 per share, equal to 0.06% of its share capital. Since the start of the programme in May, the company has bought back over 101 million shares for roughly €1.5 billion and now holds 187.8 million treasury shares, or 5.97% of its capital, underscoring a sustained capital-return strategy that also supports management and employee share plans and can bolster earnings per share for remaining shareholders.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR20.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.
Eni has continued to execute its 2025 share buyback programme, purchasing 5,675,689 treasury shares on Euronext Milan between 15 and 19 December at a weighted average price of €15.8104, for a total outlay of about €89.7 million. Since the launch of the programme in May, the company has acquired 99,135,602 shares, equal to 3.15% of its share capital and worth roughly €1.47 billion, bringing its total treasury stock to 185,963,616 shares, or 5.91% of capital, after accounting for shares granted to managers and employees under incentive and ownership plans. The acceleration of repurchases underscores Eni’s ongoing capital-return strategy and may support earnings per share and capital structure optimisation, while also underpinning long-term incentive schemes for management and staff.
The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR20.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.