Eni S.p.A. (NYSE: E) reported Q2 EPS of EUR0.16. Revenue for the quarter came in at EUR18.77 billion.

OUTLOOK

Eni is raising its FY ’25 CFFO outlook and confirming cash returns to shareholders, despite the headwinds of lower commodity prices and a weaker USD. Specifically, we are:

• Raising the Group’s expected CFFO before working capital adjustments to circa €11.5 bln at the updated scenario1. This represents a €0.5 bln underlying improvement on the original Plan guidance.

• Raising to around €3 bln from €2 bln the level of cash initiatives and other self-help measures aimed at mitigating the scenario effects.

• Raising the FY projection of GGP’s proforma adjusted EBIT to around €1 bln (from a previous €0.8 bln) thanks to better than anticipated outcome from renegotiations and settlements, and portfolio optimizations.

For earnings history and earnings-related data on Eni S.p.A. (E) click here.