Analyst Consensus ?
ConsensusHold26 ratings
Bullish934.6%
Neutral1661.5%
Bearish13.9%
Eni S.p.A. · E · FY2025 Q1 · Calendar Q2 2025
Eni Maintains Guidance as Upstream and Transition Plans Advance
The current evidence is constructive but mixed: management described resilient upstream and transition execution, while the main counterweights are SAF oversupply, refining and chemicals weakness, commodity volatility, and delivery risk. That supports a cautious view of improving operating breadth rather than an unqualified growth conclusion.
Reported Before market openNYSEEnergy
$90.46B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.03
Consensus $0.79
EPS surprise
+30.4%
Reported versus consensus
Reported revenue
$25.61B
Consensus $22.59B
Revenue surprise
+13.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+2.0%
Event window
SPY move
+2.1%
Same window
Abnormal move
-0.1%
Stock minus SPY
Volume
0.7×
Versus trailing sessions
Subsequent drift
+0.9%
Up to 20 sessions
ESPY benchmark
Ask FN2 about E FY2025 Q1
Transcript, numbers and history already loaded
Why did E rise 2.0% after beating EPS estimates in FY2025 Q1?What changed in E's guidance and outlook in FY2025 Q1?Give me the bull and bear case for E after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior analysis, the emphasis shifted toward executing upstream start-ups, scaling transition assets, and using portfolio transactions and capital discipline to manage volatility; guidance remained maintained rather than raised.
Guidance delta
Management maintained guidance while targeting upstream production growth and lower capital expenditure; execution and commodity-market assumptions remain important.
Key takeaways
- Management kept guidance intact while highlighting upstream start-ups as a path to higher production.
- Plenitude and Enilive continued to scale, adding renewable, storage, and sustainable-fuel capacity.
- Portfolio transactions and capital discipline supported the balance-sheet and shareholder-return framework.
Management priorities
- Deliver scheduled upstream start-ups and progress toward the production target.
- Expand Plenitude renewable generation and storage and Enilive sustainable aviation fuel capacity.
- Advance LNG, Namibia, and portfolio-optimization initiatives while controlling capital expenditure.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$62.08Current
$34.6Low
$61.3Average
$90High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Sector Perform | Sector Perform | Maintain | Apr 9, 2026 |
| JP Morgan | Overweight | Underweight | Upgrade | Mar 2, 2026 |
| UBS | Buy | Neutral | Upgrade | Nov 25, 2025 |
| Morgan Stanley | Equal Weight | Overweight | Downgrade | Jan 7, 2025 |
| Bernstein | Market Perform | Outperform | Downgrade | Sep 23, 2024 |
| Redburn Atlantic | Buy | Neutral | Upgrade | Jun 25, 2024 |
| Berenberg | Hold | Buy | Downgrade | Mar 20, 2024 |
| HSBC | Buy | Hold | Upgrade | Mar 21, 2022 |
| Barclays | Overweight | Underweight | Upgrade | Nov 19, 2021 |
| Jefferies | Buy | Hold | Upgrade | Apr 12, 2021 |
| Credit Suisse | Neutral | Underperform | Upgrade | Apr 12, 2021 |
| Citigroup | Neutral | Buy | Downgrade | May 7, 2019 |
| Exane BNP Paribas | Neutral | Underperform | Upgrade | Jan 11, 2017 |
| Deutsche Bank | Buy | Hold | Upgrade | Oct 5, 2016 |
| Societe Generale | Hold | Buy | Downgrade | May 2, 2016 |
| BTIG Research | Neutral | Buy | Downgrade | Nov 6, 2015 |
| BTIG | Neutral | Buy | Downgrade | Nov 6, 2015 |
| Nomura | Neutral | Reduce | Upgrade | Oct 12, 2015 |
| BMO Capital | Underperform | Underperform | Maintain | Sep 28, 2015 |
| Canaccord Genuity | Hold | Buy | Downgrade | Jan 16, 2015 |
| Raymond James | Outperform | Market Perform | Upgrade | Mar 25, 2014 |
| Natixis | Buy | Neutral | Upgrade | Oct 31, 2013 |
| Fidentis | Hold | Hold | Maintain | Aug 2, 2013 |
| Goldman Sachs | Neutral | Buy | Downgrade | May 29, 2013 |
| Santander | Hold | Buy | Downgrade | Apr 25, 2013 |
| Investec | Hold | Sell | Upgrade | Feb 15, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $62.08. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BNP Paribas | Analyst unavailable | $56.3 | $54.55 | -9.3% | Oct 7, 2026 |
| UBS | Analyst unavailable | $90 | $55.04 | +45.0% | Sep 25, 2026 |
| BNP Paribas | Eni to Outperform | $64.3 | $55.39 | +3.6% | Apr 17, 2026 |
| Morgan Stanley | Martijn Rats | $34.6 | $34.69 | -44.3% | Sep 3, 2025 |
| Morgan Stanley | Martijn Rats | $39.6 | $32.86 | -36.2% | Aug 29, 2024 |
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Start freeCompany context
Snapshot as of publicationEni S.p.A. is an international energy company primarily engaged in the discovery, development, and extraction of crude oil and natural gas resources. Its operations are organized into distinct divisions: Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities. The Exploration & Production division is responsible for the research, development, and output of oil, condensates, and natural gas, additionally undertaking initiatives in forestry conservation and carbon dioxide capture and storage.…
Historical context
All E earningsEnergy peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SLB Slb N.V. | FY2026 Q3 · Calendar Q4 2026 | +3.7% | +7.1% | SLB Q3 2026: Growth Broadens Beyond Core Oilfield |
| VLO Valero Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | +12.9% | -2.4% | Valero Q3: Record Profitability, Strong Cash Generation and Execution Risks |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the E recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-24T11:25:36.476092+00:00
- Polygon adjusted daily market bars · 2026-10-24T12:40:44.443828+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T12:40:44.441044+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-24. For educational purposes only; not investment advice.