Eni SpA shares surged 6.67% in pre-market trading on Wednesday, propelled by stronger-than-expected second-quarter financial results and a significantly enhanced shareholder return program.
The Italian energy major posted net profit of 1.09 euros per diluted share, easily surpassing the analyst consensus of 0.70 euros per share. Sales from operations climbed to 24.38 billion euros from 18.77 billion euros a year earlier, driven by robust operational momentum across its global gas & LNG, Enilive, and Plenitude divisions, with oil and gas production also exceeding market forecasts by 3%.
Further fueling the rally, Eni confirmed a 5% increase in its 2026 dividend to 1.1 euros per share and expanded its share repurchase program by 20% to 3.4 billion euros, signaling strong confidence in future cash generation and a reinforced commitment to returning capital to shareholders.
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