Eni posts Q3 adjusted profit of €2.8B and raises buyback to €3.8B with special dividend
Eni reported third-quarter adjusted net income of €2.8B, upstream output of 1.83M bpd and a €0.46 extraordinary dividend, per TradingView.
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what happened
According to TradingView, Eni reported adjusted net income of €2.8B for the third quarter, with pro forma adjusted operating income of about €6.0B. Upstream production rose 7% to 1.83 million barrels of oil equivalent per day.
The company plans an extraordinary dividend of €0.46 per share, payable December 9, with an ex-dividend date of December 7. The payment depends on excess cash flow linked to Brent above $90 per barrel and stronger-than-expected refining margins. The 2026 buyback has been expanded to €3.8B.
Eni also filed a development plan for phase 1 of the Junin 5 heavy oil project in Venezuela and expects a final investment decision by year-end. The fuel price cap in Italy has been extended through year-end, with diesel at €2.25 per litre and petrol at €1.99. Eni said the cap will cut results by a few hundred million euros per quarter.
why it matters
Two signals matter for oil markets. Eni ties part of its payouts to Brent above $90 and strong refining margins, while the Italian fuel price cap is expected to weigh on its quarterly results. Investors will watch refining margins and crude prices in the coming months for direction on the sector.
market impact
Oil and refining: strong results and payouts support Eni shares, while the Italian price cap pressures its margins
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instruments
sources
- Key facts: MIL:ENI Q3 €2.8B; prod 1.83M; €0.46 div; Junin 5 plan filed — TradingView, 24 October 2026 at 07:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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