Eni announces €1.3 billion special distribution after strong quarterly profit
Key Facts
Eni announced a €1.3 billion special distribution after its third-quarter results, according to a Reuters report republished by MarketScreener. The report said adjusted net profit reached €2.8 billion for the period from July to September 2026. The figure exceeded the average analyst forecast compiled by the company, which stood at €2.48 billion. That put adjusted profit above the estimates cited in the report in assessing the quarter’s results. The republished report did not provide further details on when the special distribution would be paid.
Eni’s shareholder rewards framework had indicated that the company expected to set a special distribution in October and pay it during the fourth quarter, if refining margins remained sufficiently above the initial guidance. The announced €1.3 billion distribution falls within the timeline the company outlined in its policy. For its ordinary distribution, Eni set the second tranche for 2026 at €0.27 per share. It is due to be paid on 25 November 2026, after the distribution record date of 24 November and the ex-distribution date of 23 November. This tranche is separate from the special distribution announced after the quarterly results.
In its second-quarter results, Eni raised its 2026 share buyback programme to €3.4 billion, up 20% from previous guidance of €2.8 billion. It also confirmed a planned ordinary distribution for 2026 of €1.1 per share, up 5% from 2025. In the outlook published at the time, the company estimated adjusted operating cash flow for the year at €15 billion, based on assumptions including Brent at $85 per barrel, a refining margin of $14 per barrel and a TTF gas price of €50 per megawatt-hour. Eni also said core production growth in the second quarter was 11% year on year, reaching 1.79 million barrels of oil equivalent per day. These figures remain context for the second-quarter guidance; no new changes to them in the third quarter have been established in the information available here.
In the second quarter, Eni said steps to deconsolidate Plenitude were progressing ahead of the third quarter, while it retained a 65% stake in the company. This forms part of the anticipated changes to the group’s portfolio that the company cited before the period covered by the results. Eni is scheduled to hold its third-quarter results presentation and question-and-answer session on Friday, 23 October, at 14:00 Central European Summer Time. The company said the presentation and session would last about an hour. It also said the results statement would be published on 23 October after the market close, and the presentation file would be available at 13:45.