Eni stock enters next phase with Q3 profit surge and Junin restart

Published on 10/31/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eni stock enters a stronger phase after a sharp third-quarter profit increase and a new upstream project in Venezuela. Shareholder returns also rise.

Eni strengthens growth and returns

Third-quarter adjusted net profit more than doubled year over year to 2.8 billion euros.
Eni raised its 2026 cash flow outlook to 16.5 billion euros and increased the buyback to 3.8 billion euros.
Junin-5 operations restarted in Venezuela, with first-phase production targeted at 200,000 barrels per day by 2028.

Eni, IT0003132476, Illustration mit AI erstellt.

Eni stock traded at 27.18 euros on Lang & Schwarz at 10:27 Berlin time on Saturday, October 31, 2026. The Italian energy group enters the weekend after a week marked by stronger earnings, higher shareholder distributions and the restart of its Junin-5 project in Venezuela. The quote is available through the real-time quote of Eni stock.

Profit growth lifts the outlook

In its third-quarter results published on October 23, Eni said adjusted net profit more than doubled from a year earlier to 2.8 billion euros. Pro forma adjusted EBIT reached 6 billion euros, while adjusted cash flow from operations before working capital was 4.29 billion euros.

Underlying upstream production increased 7 percent year over year to 1.83 million barrels of oil equivalent per day. Eni also raised its 2026 cash flow guidance to 16.5 billion euros, reflecting stronger operating performance and a supportive commodity environment.

Returns and upstream options expand

The improved outlook translated into higher planned distributions. Eni approved an extraordinary dividend of 0.46 euros per share, payable on December 9, and raised its 2026 share buyback to 3.8 billion euros. The ordinary 2026 dividend remains planned at 1.10 euros per share.

A separate Eni announcement on October 28 said operations had started at the Junin-5 heavy-oil field. Eni is the sole operator and plans to restore abandoned wells and drill new ones, with first-phase production targeted at 200,000 barrels per day by 2028.

The project adds a sizeable upstream growth option, but its production target lies ahead and depends on execution in Venezuela. For investors, the near-term case rests more directly on cash generation, portfolio performance and the enlarged shareholder-return program.