Analyst Consensus ?
ConsensusHold26 ratings
Bullish934.6%
Neutral1661.5%
Bearish13.9%
Eni S.p.A. · E · FY2025 Q3 · Calendar Q4 2025
Eni combines production growth with stronger LNG and biofuel execution
The quarter supports a constructive operating picture: production growth, floating LNG expansion, biofuel margins, and balance-sheet actions were accompanied by raised guidance. The main counterweights are commodity exposure, potential LNG overcapacity, chemicals weakness, regulatory issues, and execution risk.
Reported Before market openNYSEEnergy
$90.46B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.90
Consensus $0.73
EPS surprise
+23.3%
Reported versus consensus
Reported revenue
$23.49B
Consensus $21.45B
Revenue surprise
+9.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.7%
Event window
SPY move
+0.8%
Same window
Abnormal move
+0.9%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
+1.3%
Up to 20 sessions
ESPY benchmark
Ask FN2 about E FY2025 Q3
Transcript, numbers and history already loaded
Why did E rise 1.7% after beating EPS estimates in FY2025 Q3?What changed in E's guidance and outlook in FY2025 Q3?Give me the bull and bear case for E after FY2025 Q3 earnings.
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Transcript intelligence
What changed
Compared with the supplied current-quarter picture, management highlighted faster upstream growth, expanding floating LNG and biofuel activity, lower planned net capex, stronger cash-flow expectations, and increased capital returns. No prior-quarter analysis was supplied, so quarter-over-quarter change cannot be assessed directly.
Guidance delta
Management raised full-year production guidance, lowered net-capex guidance, and raised cash-flow expectations.
Key takeaways
- Production increased 8.5% year over year, supported by upstream project ramp-ups.
- Floating LNG expansion and Enilive biofuel margins broaden the growth mix.
- Balance-sheet measures included debt reduction and a larger share-buyback program.
- Management also highlighted execution, LNG oversupply, chemicals weakness, and regulatory risks.
Management priorities
- Ramp up upstream projects and floating LNG developments.
- Expand Enilive biofuels and pursue sustainable-aviation-fuel demand.
- Advance Argentina LNG, CCUS, and other partnership initiatives.
- Strengthen the balance sheet through cash initiatives, disposals, and capital returns.
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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 |
Track every rating change on E the moment it posts. Free to start.
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 · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-24T08:10:42.003003+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T08:10:42.000093+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.