Zacks Investment Research·5d ago
Eni Begins Maha Gas Production, Boosting Indonesia's Offshore OutputE starts gas production at Indonesia's Maha field, adding 250 MMSCFD of capacity and strengthening its Southeast Asian growth prospects.
Eni's top line has inflected sharply, with revenue reaching a record $25.5B in 2026Q3 on 26.2% growth after six consecutive quarters of contraction, suggesting the 2026 reversal in upstream realizations and refining spreads is restoring operating momentum.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue of $25.5B in 2026Q3 grew 26.2% year-over-year to a ten-quarter high, yet gross margin fell to 9.9% from 21.4% in the prior quarter and the 12.5% net margin exceeded the 9.9% gross margin, suggesting non-operating items materially supported the $3.2B of reported net income.
Eni is positioning itself as a global energy tech company, offering sustainable solutions across different energy sources for individuals and businesses.
Eni holds interests in 39 exploration and development blocks in the Gulf of Mexico, with 16 operated by Eni, indicating a robust upstream portfolio.
Eni's 1Q '26 performance exceeded operating and financial guidance, demonstrating effective execution of its growth strategy despite market volatility.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 23, 2026 | $2.13+13.9% vs $1.87 | $28.7B+11.0% vs $25.9B |
Q3 2026 Jul 29, 2026 | $1.76-7.4% vs $1.90 | $25.4B-9.1% vs $27.9B |
Q2 2026 Apr 24, 2026 | $0.81-28.3% vs $1.13 | $23.1B-7.0% vs $24.8B |
Q1 2026 Feb 26, 2026 | $0.87+11.5% vs $0.78 | $24.3B+14.9% vs $21.2B |
E starts gas production at Indonesia's Maha field, adding 250 MMSCFD of capacity and strengthening its Southeast Asian growth prospects.
BP, ExxonMobil, ConocoPhillips & Eni emerge as low-beta stock picks amid market volatility, supported by oil prices, upstream growth prospects and investments.
Cyprus' Cronos gas project enters execution, bringing E and TTE closer to LNG production, while CVX's Aphrodite project advances toward development.
AFRM, OVV and E made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 28th, 2026.
Benchmark E against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Eni S.p.A. (E)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $55.45 | $80.33B | 31.81 | -7.48% | 3.17% | 5.3% | 4.02% | |
| $44.53 | $116.6B | 2182.84 | 0.08% | 3.79% | 11.75% | 4.29% | |
| $99.09 | $276.27B | 16.52 | -6.13% | 10.18% | 17.89% | 2.87% | |
| $87.82 | $195.58B | 15.19 | -6.78% | 10.46% | 17.56% | 4.35% | |
| $41.99 | $100.39B | 21.53 | 3.56% | 9.79% | 27.4% | 4.39% | |
| $165.87 | $687.53B | 24.76 | -4.52% | 10.46% | 15.24% | 2.41% |
Eni S.p.A. (E) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Eni S.p.A. (E) stock FAQ — growth, dividends, profitability & financials explained
Eni S.p.A. (E) reported $88.52B in revenue over the trailing twelve months. Revenue was $82.15B in fiscal year 2025. That is 169% more than the $30.51B of fiscal year 1996.
Eni S.p.A. (E) revenue fell by 7.5% in fiscal year 2025, compared with the prior fiscal year.
Yes. Eni S.p.A. (E) earned $7.72B in net income over the trailing twelve months (a 8.7% net margin).
Yes. Eni S.p.A. (E) pays a dividend that yields 4.02% at the current price, a high yield.
Eni S.p.A. (E) had a return on equity (ROE) of 5.3% in fiscal year 2025. That is below the market's typical 10-15%.
Eni S.p.A. (E) generated $5.29B in free cash flow over the trailing twelve months.
