- Eni’s adjusted net income for the first quarter was €1.41 billion, surpassing the estimated €1.24 billion.
- The reported net income was slightly below expectations at €1.17 billion, compared to an estimate of €1.25 billion.
- The pro forma adjusted EBIT for the quarter was €3.68 billion.
- Net cash from operations reached €2.39 billion, narrowly beating the estimate of €2.36 billion.
- Production levels were 1.65 million barrels of oil equivalent per day, slightly below the expected 1.67 million.
- Eni reported liquids production at 786,000 barrels per day, outperforming the estimate of 781,138 barrels per day.
- The average realized price for liquids was $69.72 per barrel, higher than the anticipated $69.33.
- Natural gas prices averaged $7.57 per thousand cubic feet, above the forecast of $6.80.
- Eni’s standard refining margin was $3.80 per barrel, exceeding the estimate of $2.65.
- Analyst ratings for Eni include 14 buys, 15 holds, and 1 sell.
A look at Eni SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Eni SpA, a company engaged in exploring and producing hydrocarbons across various regions, has garnered positive Smartkarma Smart Scores in key areas. With top ratings in Value and Dividend, Eni demonstrates strong financial fundamentals and a commitment to rewarding its investors. Although not as high, the company also received respectable scores in Growth, Resilience, and Momentum, indicating a solid overall outlook.
Eni SpA‘s diversified operations in Italy, Africa, the North Sea, and other locations, where it explores for hydrocarbons, positions it well for long-term growth. Additionally, its activities in generating electricity, refining oil, and managing gasoline service stations contribute to its resilience in the market. While there is room for improvement in growth and momentum, Eni’s strong value and dividend scores bode well for investors looking for a stable and rewarding investment option in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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