- Eni reported a second-quarter Exploration & Production adjusted operating profit of €2.64 billion, beating the estimate of €2.48 billion.
- Global Gas & LNG Portfolio adjusted operating profit was €343 million, surpassing the estimate of €181.2 million.
- The adjusted operating profit for Enilive and Plenitude was €284 million, exceeding the estimate of €196.2 million.
- Net cash from operations reached €4.57 billion, higher than the estimated €3.58 billion.
- Eni’s liquids production was 777,000 barrels per day, slightly above the estimate of 772,866 barrels per day.
- Total production was 1.71 million barrels of oil equivalent per day (boe/d), above the estimate of 1.69 million boe/d.
- The standard Eni refining margin per barrel was $6.40, modestly ahead of the estimate of $6.36.
- Analyst recommendations include 18 buys, 10 holds, and 1 sell.
A look at Eni SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.4 |
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
Analysts at Smartkarma have reviewed Eni SpA‘s overall outlook using the Smart Scores system, which rates different factors on a scale from 1 to 5. Eni SpA received high scores across the board, with a top score of 5 in Value, Dividend, and Growth. This indicates that the company is deemed to perform well in these areas over the long term, showcasing strong potential for value appreciation, dividend payouts, and growth opportunities.
Additionally, Eni SpA scored a 4 in Resilience and a 3 in Momentum, showing that while the company is considered solid and stable, there may be some room for improvement in terms of momentum. Overall, the company’s diversified operations in hydrocarbon exploration and production across various regions, coupled with its involvement in natural gas, electricity generation, oil refining, and gasoline retailing, position it favorably for long-term success.
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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