Eni raises buyback to EUR 3.80 billion. Eni stock falls 1.90 percent

Published on 10/26/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eni sets a EUR 0.46 special dividend for December 9, 2026. Eni stock costs EUR 27.12 on October 26, 2026, 1.90 percent below Xetra close.

Cash returns and operating strength

Eni raised its 2026 buyback to EUR 3.80 billion on October 23, 2026.
Third-quarter proforma adjusted EBIT reached EUR 6.00 billion.
Eni stock trades at EUR 27.12 at 10:05 a.m. CET at Lang & Schwarz on October 26, 2026, 1.90 percent below the Xetra close of October 23, 2026.
The extraordinary dividend of EUR 0.46 per share is due on December 9, 2026.

Geometrisches Bauhaus-Poster mit Kreisen, Dreiecken und dem Schriftzug ENERGY — Bauhaus-Poster mit geometrischen Formen und dem Wort ENERGY zeigt Eni S.p.A., ISIN IT0003132476, Illustration mit AI erstellt.

Eni (ISIN IT0003132476) was trading at EUR 27.12 at Lang & Schwarz on October 26, 2026 at 10:05 a.m. CET, down 1.90 percent versus the Xetra close. The company raised its 2026 buyback to EUR 3.80 billion and approved an extraordinary dividend of EUR 0.46 per share on October 23, 2026, according to Eni.

Cash returns rise with results

The payout decision followed a strong third quarter and nine-month update. Eni said adjusted net profit exceeded EUR 2.80 billion in the third quarter of 2026, while proforma adjusted EBIT reached EUR 6.00 billion, twice the year-earlier level. Adjusted cash flow from operations before working capital was EUR 4.29 billion in the quarter.

The revised cash flow outlook is the financial anchor for the larger distribution. Eni now expects adjusted cash flow from operations of EUR 16.50 billion for fiscal year 2026, an improvement of EUR 1.20 billion versus its sensitivities and 43.00 percent above the initial guidance, according to Eni.

What does production add to earnings?

Upstream operations remain the largest quantified contributor. Third-quarter production rose 7.00 percent year over year to 1.83 million barrels of oil equivalent per day, while E&P proforma adjusted EBIT reached EUR 4.63 billion, up 76.00 percent from the third quarter of 2025.

Three dates frame the update

On October 5, 2026, Barclays raised its Eni target from EUR 30.50 to EUR 32.00, as reported by Economia Italia. On October 20, 2026, Eni listed its Ravenna CCS project among investor-relations releases, and on October 23, 2026, it reported third-quarter adjusted EBIT of EUR 6.00 billion and raised the buyback to EUR 3.80 billion.

Dividend dates are next

The extraordinary dividend has an ex-dividend date of December 7, 2026, and a payment date of December 9, 2026. Eni also confirmed its ordinary 2026 dividend at EUR 1.10 per share in the October 23, 2026 release.

Stock stays below the recent high

For investors, the higher distribution and cash-flow guidance improve the direct return profile, while the chemicals business remains a counterweight after Versalis posted a EUR 0.18 billion loss in the third quarter of 2026. The stock was trading at EUR 27.12 at Lang & Schwarz on October 26, 2026 at 10:05 a.m. CET, 1.90 percent below the Xetra close of October 23, 2026 at EUR 27.65. The further course of trading is shown by the continuously updated real-time quote of Eni stock.