Q2 2026 Eni SpA Earnings Call Transcript

Jul 29, 2026 / 12:00 PM GMT

Release Date Price: €23.59 (+7.08%)

Transcript

Key Points

Positve

Eni SpA (E) reported a significant increase in net income and cash flow from operations, with net income doubling year-on-year.
The company demonstrated strong operational execution and effective market opportunities, leading to a 40% year-on-year increase in pro forma EBIT.
Eni SpA (E) achieved an 8% year-on-year production growth, fully offsetting volume losses in the Middle East.
The company has a diversified geographic presence, which has helped mitigate the impact of regional crises.
Eni SpA (E) continues to expand its low-carbon energy initiatives, aligning with global energy transition trends.

Negative

The company faces extraordinary volatility due to geopolitical tensions, particularly in the Gulf region.
There are ongoing challenges in the European natural gas market, with potential volatility in the second half of the year.
Eni SpA (E) is dealing with a $5 billion environmental fine in Kazakhstan, which is under arbitration.
The refining margin indicator was down quarter-on-quarter, indicating challenges in capturing market opportunities.
The chemical segment is still experiencing losses, despite narrowing losses this quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ENI.MI - Eni SpA
Q2 2026 Eni SpA Earnings Call
Jul 29, 2026 / 12:00PM GMT

=====================
Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, and welcome to ENI's 2026 1st half results conference call hosted by Mr.

Claudio Desca, Chief Executive Officer, for the duration of the call, you will in listen-only mode, however, at the end of the call, you will have the opportunity to ask questions by pressingar and 1 on your telephone, I'm now handing you over to your host to begin today's confer, thank you.

Thank you, good morning.

Good afternoon, for being with us today.

Our second quarter and fifth result clearly reflect our successful execution of the strategy.

And the objectives we have consistently communicated.

In Q2.

Any generated â¬5.4 billion fora Ebi.

And EUR23 billion net income.

Both

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