Eni S.p.A. reported strong third-quarter 2025 results with 6% production growth, record upstream performance, and raised full-year cash flow outlook and buyback program by 20% to €1.8 billion. Proforma EBIT was €3 billion, net profit €1.2 billion, and operating cash flow reached €3.3 billion.

Eni’s upstream division drove growth, with production at 1.76 million boe/d. Key milestones included investment decisions in Mozambique, Côte d’Ivoire stake sale, and Angola project launch. An Asian LNG partnership with Petronas is set to close by year-end, further boosting prospects.

Eni’s energy transition strategy progresses with Plenitude reaching 4.8 GW of renewable capacity. Refining hubs are converting to biofuel, chemicals arm shifting to battery and recycling ventures. A new satellite joint venture with Global Infrastructure Partners expands CCUS portfolio, and a €2 billion investment from Ares Fund is pending.

Eni’s financials show adjusted EBIT of €3 billion, net profit €1.2 billion (+20% forecast), operating cash flow €3.3 billion (+14% YoY), gross capex €2 billion, net debt €9.9 billion, and proforma leverage at 12%. Production guidance for 2025 raised to 1.71–1.72 million boe/d.

Eni expects to end 2025 with leverage between 15–18%, net capex below €5 billion, and total cash initiatives of €4 billion. The company will pay the second tranche of its 2025 dividend (€0.26/share) on November 26, 2025. Despite weaker commodity prices, Eni’s integrated energy strategy supports strong returns and distributions.

Read more at Yahoo Finance: Eni Lifts Buyback and Outlook After Strong Q3 Driven by Upstream Growth