Eni’s adjusted net profit attributable to shareholders more than doubled year on year (YoY) to €2.8 bn in the third quarter (Q3) of 2026, supported by higher hydrocarbon production, stronger commodity prices and improved refining margins, according to a statement by the Italian energy giant said on October 23.

Adjusted pro forma earnings before interest and taxes (EBIT) reached approximately €6 bn, nearly double the level recorded in Q3 2025. The performance reflected higher volumes, cost efficiencies and improved margins across most business segments.

Net profit attributable to Eni’s shareholders increased to €3.21 bn in Q3 2026 from €803 mn a year earlier. Adjusted profit before taxes rose 90% YoY to €4.33 bn, while adjusted net profit attributable to shareholders climbed 70% to €6.44 bn in the first nine months (9M) of 2026.

Revenue reached €28.07 bn during Q3. For the first nine months of the year, adjusted profit before taxes increased 46% YoY to €10.57 bn, reflecting stronger operating performance and higher contributions from equity-accounted entities.

Exploration and Production (E&P) delivered adjusted pro forma EBIT of €4.63 bn in Q3, an increase of 76% YoY. The segment benefited from organic production growth, higher realized oil and gas prices and increased contributions from joint ventures (JVs) and associates.

Adjusted net profit for E&P rose 79% YoY to €2.1 bn in Q3 and increased 64% to €5.83 bn in 9M 2026.

Eni confirmed an extraordinary dividend of €0.46 per share and a share buyback program worth €3.8 bn. The company also maintained its ordinary dividend at €1.10 per share.