Eni S.p.A. (E) AI Stock Analysis

NYSE: EAI research summary: business, growth, valuation, analysts, bull and bear case.

E AI stock analysis summary

AI Research

Eni S.p.A. (E) is a global integrated energy company operating across oil and gas exploration, LNG, refining, chemicals, and renewables. In FY2025, revenue was $82.15B with net income of $2.61B, while trailing twelve month revenue reached $89.93B following an 18.5% quarterly sales increase in the quarter ended June 30, 2026. The stock trades at a trailing P/E of 20.6x and offers a forward dividend yield of 4.13%.

Market cap
$84.63B
Revenue (TTM)
$89.93B
P/E
20.6x
fwd 9.8x
1Y return
80.8%
S&P 500 16.8%
Avg. target
$55.26
-6.5% vs last close

Bull case

  • Quarterly earnings jumped 580.6% year-over-year in the period ended June 30, 2026, driven by an 18.5% rise in quarterly revenue.
  • The stock trades at an EV/EBITDA of 4.1x, below the 8.0x median of its US-listed Energy peers.
  • Shareholder distributions remain consistent, supported by a 4.13% dividend yield, 31 consecutive years of payouts, and $1.90B in FY2025 share repurchases.

Bear case

  • Annual revenue declined for three consecutive years from $132.51B in FY2022 to $82.15B in FY2025.
  • Consensus estimates project next fiscal year revenue to drop 8.8% to $92.44B and EPS to decline 4.0% to $6.56.
  • The mean analyst price target of $55.26 sits 6.5% below the recent closing price of $59.10.

What Eni S.p.A. does

Eni S.p.A. explores, develops, and produces crude oil and natural gas globally. Its Exploration & Production segment extracts hydrocarbons while investing in forestry conservation and CO2 capture and storage. The Global Gas & LNG Portfolio segment manages the supply, distribution, international transport, and marketing of natural gas and liquefied natural gas. The Refining & Marketing and Chemicals segment processes and markets fuels and chemical products. In addition, its Eni gas e luce, Power & Renewables segment handles retail electricity and gas sales, alongside power generation from thermoelectric and renewable sources. Founded in 1953, the company is headquartered in Rome, Italy.

Growth and profitability

Annual revenue peaked in FY2022 at $132.51B before decreasing to $93.72B in FY2023, $88.80B in FY2024, and $82.15B in FY2025. Over that period, net margin contracted from 10.5% in FY2022 to 3.2% in FY2025, with net income falling from $13.89B to $2.61B. Diluted EPS was $2.43 in FY2025 compared to $7.95 in FY2022. For the trailing twelve months, revenue was $89.93B with an operating margin of 10.7% and EPS of $2.87. In the latest quarter ended June 30, 2026, revenue increased 18.5% year-over-year while quarterly earnings grew 580.6%.

E income statement →

Balance sheet and cash flow

As of June 30, 2026, Eni held $15.09B in cash and short-term investments against $36.99B in total debt, resulting in net debt of $21.90B. Shareholders' equity was $52.00B, supporting a debt-to-equity ratio of 0.71 and a current ratio of 1.23. Total assets stood at $147.00B. In FY2025, operating cash flow generated $13.33B, which funded $8.70B of capital expenditures, leading to free cash flow of $4.63B. Cash returns to shareholders in FY2025 included $3.08B in dividends paid and $1.90B in share buybacks.

E balance sheet →

Valuation and performance

Eni holds a market capitalization of $84.63B and an enterprise value of $104.09B. Its trailing P/E of 20.6x sits above the 15.0x median of its US-listed Energy peers, but its forward P/E of 9.8x is below the peer median of 12.7x. The company's EV/EBITDA of 4.1x and price-to-sales of 0.9x both track below peer medians of 8.0x and 1.8x, respectively. Over the past year, the stock returned 80.8%, outpacing the 16.8% return of the S&P 500 (SPY), and its 5-year return of 181.4% outperformed the index's 83.0% gain.

E key metrics →

E dividend

Eni pays a quarterly dividend with an annual forward payout of $2.44 per share, translating to a dividend yield of 4.13%. The dividend payout ratio stands at 55.8%. The company has paid dividends for 31 consecutive years, delivering a 5-year annualized dividend growth rate of 11.5%. The last ex-dividend date is November 24, 2026.

E dividend history →

What analysts expect

Wall Street coverage includes 5 Hold ratings, with 0 Strong Buy, Buy, Sell, or Strong Sell ratings. The mean price target of $55.26 represents a 6.5% decline from the last closing price of $59.10. For the fiscal year ending December 31, 2026, analysts estimate revenue of $101.40B and EPS of $6.83. For the following fiscal year, 3 analysts project revenue to fall 8.8% to $92.44B and EPS to drop 4.0% to $6.56. Eni beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is October 23, 2026.

E forecast and price target →

Key risks and what to watch

  • Total debt of $36.99B against cash of $15.09B leaves the company with net debt of $21.90B as of June 30, 2026.
  • Operating margin of 5.5% in FY2025 and 10.7% TTM trails the peer median operating margin of 28.5%.
  • Earnings track record shows inconsistent execution, with EPS beats in only 2 of the past 4 quarters.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this E AI stock analysis

This page is an AI-written research summary of Eni S.p.A. (E). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: E income statement, E balance sheet, E key metrics, E analyst forecast, E chart. See the E stock overview for the latest quote and news.

E AI stock analysis FAQ

What is Eni's dividend yield and payout schedule?

Eni pays a quarterly dividend totaling $2.44 annually, which represents a dividend yield of 4.13%. Its payout ratio is 55.8%, and the company has paid dividends for 31 consecutive years.

How much debt does Eni have?

As of June 30, 2026, Eni reported $36.99B in total debt and $15.09B in cash and short-term investments, resulting in net debt of $21.90B. Its debt-to-equity ratio is 0.71.

What are analysts forecasting for Eni's earnings?

For the fiscal year ending December 31, 2026, analysts estimate EPS of $6.83 on revenue of $101.40B. For the following fiscal year, estimates project EPS of $6.56 on revenue of $92.44B.

When does Eni report earnings next?

Eni's next earnings report date is scheduled for October 23, 2026.

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