Eni Future Growth

Future criteria checks 0/6

Eni's revenue and earnings are forecast to decline at 3.1% and 4.4% per annum respectively. EPS is expected to decline by 1.7% per annum. Return on equity is forecast to be 9.7% in 3 years.

Key information

-4.4%

Earnings growth rate

-1.69%

EPS growth rate

Oil and Gas earnings growth	-2.4%
Revenue growth rate	-3.1%
Future return on equity	9.74%
Analyst coverage	Good
Last updated	18 Sep 2026

Recent future growth updates

Analysis Article • Aug 01

Eni S.p.A. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

It's been a good week for Eni S.p.A. ( BIT:ENI ) shareholders, because the company has just released its latest...

Analysis Article • Apr 28

Eni S.p.A. Just Missed Earnings - But Analysts Have Updated Their Models

Eni S.p.A. ( BIT:ENI ) missed earnings with its latest first-quarter results, disappointing overly-optimistic...

Recent updates

Narrative Update • Sep 03

ENI: Global Gas Expansion And Transition Partnerships Will Shape Future Returns

Analysts now place Eni's fair value closer to €25.32 per share, up from about €24.80, reflecting updated views on its revenue trajectory, profitability outlook, and appropriate future P/E level. What's in the News for Eni Eni, together with Chevron, ONGC, GE Vernova, and Geopark, is reported to be close to finalizing energy agreements in Venezuela that cover upstream oil production, export volumes, and power generation infrastructure, subject to continued easing of sanctions and a supportive political backdrop.

Narrative Update • Aug 20

ENI: Offshore Expansion And LNG Commitments Will Eventually Constrain Equity Upside

The analyst fair value estimate for Eni has increased slightly from €19.67 to €20.11 as analysts refresh their assumptions on discount rates, expected revenue trends, margins and future P/E levels. What’s in the News for Eni Eni, together with YPF and XRG, has applied to Argentina's Large Investment Incentive Regime for support on a planned LNG export project of about US$51b, involving two offshore floating LNG vessels supplied by gas from the Vaca Muerta shale formation.

Analysis Article • Aug 08

We Think Eni's (BIT:ENI) Robust Earnings Are Conservative

When companies post strong earnings, the stock generally performs well, just like Eni S.p.A.'s ( BIT:ENI ) stock has...

Analysis Article • Aug 01

Eni S.p.A. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

It's been a good week for Eni S.p.A. ( BIT:ENI ) shareholders, because the company has just released its latest...

Narrative Update • Jul 28

ENI: LNG Expansion And Larger 2026 Capital Returns Will Support Balanced Outlook

Analysts have nudged their price target for Eni slightly higher to €25.40 from about €25.33, reflecting small adjustments to fair value assumptions, the discount rate, and future P/E expectations. What's in the News Q1 2026 adjusted earnings came in below analyst expectations, with pressure from downstream operations and higher maintenance costs, while hydrocarbon production reached 1,798,000 boe/d, including 862,000 bbl/d of liquids and 4,893 mmcf/d of natural gas (source: Q1 2026 results).

Narrative Update • May 13

ENI: Argentina LNG Progress And 2026 Distribution Plan Will Support Balanced Outlook

Analysts have adjusted their fair value estimate for Eni to €25.33 from €24.42, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Approved a distribution in place of the dividend for the 2026 financial year totaling €1.10 per share, to be paid from available reserves across four tranches in September 2026, November 2026, March 2027 and May 2027 (company announcement).

Analysis Article • Apr 28

Eni S.p.A. Just Missed Earnings - But Analysts Have Updated Their Models

Eni S.p.A. ( BIT:ENI ) missed earnings with its latest first-quarter results, disappointing overly-optimistic...

Analysis Article • Apr 25

Upgrade: Analysts Just Made A Notable Increase To Their Eni S.p.A. (BIT:ENI) Forecasts

Shareholders in Eni S.p.A. ( BIT:ENI ) may be thrilled to learn that the analysts have just delivered a major upgrade...

Narrative Update • Apr 23

ENI: Argentina LNG Project Progress Will Support Balanced Medium Term Outlook

Analysts have revised their price target for Eni to €24.42 from €22.86, citing updated assumptions for revenue growth of 4.50%, a profit margin of 6.25% and a forward P/E of 13.61, based on a slightly adjusted discount rate of 8.49%. What's in the News Eni, YPF Sociedad Anónima and XRG signed a binding Joint Development Agreement to advance the Argentina LNG project, targeting an integrated gas and liquefaction setup linked to the Vaca Muerta shale basin (Key Developments).

Narrative Update • Apr 08

ENI: Argentina LNG Plan And 2026 Framework Will Support Balanced Outlook

Analysts have raised their price target for Eni from €21.02 to €22.86, citing updated assumptions related to revenue growth, profit margins, and the future P/E multiple. What's in the News Eni, YPF Sociedad Anónima and XRG signed a binding Joint Development Agreement for the Argentina LNG project, focused on the Vaca Muerta shale basin and LNG exports (Key Developments).

Narrative Update • Mar 24

ENI: Argentina LNG Project And 2026 Plan Will Support Balanced Outlook

Analysts have lifted their price target on Eni from €19.09 to €21.02, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Eni signed a binding Joint Development Agreement with YPF Sociedad Anónima and XRG to advance the Argentina LNG project, focused on the Vaca Muerta shale basin.

New Narrative • Mar 19

Gas Dependent Expansion Will Pressure Margins And Undermine Long Term Earnings Power

Catalysts About Eni Eni is an integrated energy company with upstream oil and gas operations, gas and power activities, and growing businesses in renewables, biofuels and low carbon solutions. What are the underlying business or industry changes driving this perspective?

Narrative Update • Mar 10

ENI: Argentina LNG Project And 2026 Plan Will Shape Balanced Outlook

Analysts have raised their price target for Eni from €16.76 to €19.09, citing updated assumptions that include slightly lower discount rates, higher revenue growth, improved profit margins and a modestly reduced future P/E multiple. What's in the News Eni, YPF Sociedad Anónima and XRG signed a binding Joint Development Agreement for the Argentina LNG project, targeting 12 million tons per annum of LNG capacity through two floating LNG facilities and integrated upstream, midstream and export infrastructure (Key Developments).

New Narrative • Mar 05

Gas And LNG Expansion Will Anchor A Stronger Long Term Outlook

Catalysts About Eni Eni is an integrated energy company with upstream oil and gas operations and growing activities in renewables, biofuels, low carbon solutions and related energy services. What are the underlying business or industry changes driving this perspective?

Narrative Update • Feb 23

ENI: Argentina LNG Expansion Will Expose 2026 Plan Risks

The analyst price target for Eni has been nudged slightly higher to €16.76 from €16.70, as analysts factor in updated fair value estimates and minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News YPF, Eni and XRG signed a binding Joint Development Agreement for the Argentina LNG project, targeting 12 million tons per annum of LNG capacity through two 6 mtpa floating LNG facilities.

Narrative Update • Feb 09

ENI: 2026 Plan And Reserve Distributions Will Support A Balanced Outlook

Analysts have nudged their price target on Eni slightly higher to €16.70 from €16.64, citing updated assumptions on the discount rate, revenue growth and future P/E that modestly adjust their view of the stock's risk and earnings profile. What's in the News A board meeting is scheduled for February 25, 2026 to review preliminary financial statements as at December 31, 2025 and to decide on distribution of reserves in place of the 2025 dividend (Key Developments).

Narrative Update • Jan 25

ENI: 2026 Plan And Production Guidance Will Support A Balanced Outlook

Analysts have raised their price target for Eni to €16.64 from €16.53, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News Board meeting on Feb 25, 2026 to review preliminary financial statements as at Dec 31, 2025 and consider a resolution on distribution of reserves in place of the 2025 dividend (Key Developments).

Narrative Update • Jan 08

ENI: Upcoming 2026 Plan And Production Outlook Will Shape Balanced View

Analysts have nudged their price target on Eni slightly lower to €16.53 from roughly €16.54, reflecting small adjustments to the discount rate, revenue growth, profit margin assumptions and future P/E expectations. What's in the News A board meeting is scheduled for February 25, 2026 to review preliminary financial statements as of December 31, 2025 and to consider a resolution on distribution of reserves in place of the 2025 dividend (company event filing).

Narrative Update • Dec 18

ENI: LNG Expansion And Fusion Power Agreement Will Shape Balanced Outlook

Analysts have nudged their price target for Eni slightly higher to reflect a fair value increase to approximately $16.54. This revision is underpinned by expectations for stronger revenue growth that more than offsets a marginally higher discount rate and a slightly lower projected profit margin.

Narrative Update • Dec 03

ENI: Production, LNG Projects And Fusion Agreement Will Shape Balanced 2025 Outlook

Analysts have nudged their price target on Eni slightly higher to approximately $16.42 from about $16.31, citing modestly improved expectations for revenue growth, profitability, and valuation multiples. What's in the News Raised 2025 oil and gas production guidance to 1.71 million to 1.72 million boe per day, implying around 1.8 million boe per day in the fourth quarter (company guidance).

Narrative Update • Nov 19

ENI: Upward Production Guidance and Energy Partnerships to Shape 2025 Outlook

Analysts have raised their price target for Eni from $16.12 to $16.31, citing improved revenue growth expectations and a modest increase in profit margins. What's in the News Eni raised its oil and gas production guidance for 2025 to a range of 1.71 million to 1.72 million barrels of oil equivalent per day.

Analysis Article • Nov 14

Eni's (BIT:ENI) Dividend Will Be €0.26

The board of Eni S.p.A. ( BIT:ENI ) has announced that it will pay a dividend of €0.26 per share on the 26th of...

Analysis Article • Nov 07

Eni's (BIT:ENI) Profits Appear To Have Quality Issues

Eni S.p.A.'s ( BIT:ENI ) robust recent earnings didn't do much to move the stock. We think this is due to investors...

Narrative Update • Nov 03

ENI: Future Production And Fusion Deal Will Shape Energy Transition Outlook

Analysts have raised their price target for Eni slightly, increasing it from $15.63 to $16.12, citing improved revenue growth projections despite minor adjustments to profit margin and discount rates. What's in the News Eni raised its oil and gas production guidance for 2025 and is forecasting a range of 1.71 to 1.72 million barrels of oil equivalent per day.

Analysis Article • Oct 31

Eni (BIT:ENI) Will Pay A Dividend Of €0.26

Eni S.p.A. ( BIT:ENI ) will pay a dividend of €0.26 on the 26th of November. This makes the dividend yield about the...

Narrative Update • Oct 20

LNG Expansion And Biorefining Ventures Will Shape Future Energy Landscape

Eni's analyst fair value target has edged up slightly from $15.54 to $15.63, as analysts adjusted key financial assumptions. These adjustments include a modest increase in projected profit margins and a small reduction in forecast revenue growth.

Analysis Article • Oct 16

Eni (BIT:ENI) Is Due To Pay A Dividend Of €0.26

The board of Eni S.p.A. ( BIT:ENI ) has announced that it will pay a dividend on the 26th of November, with investors...

Narrative Update • Oct 06

LNG Expansion And Biorefining Ventures Will Shape Future Energy Landscape

Analysts have raised their price target for Eni from $15.35 to $15.54 in response to expectations of higher revenue growth, improved profit margins, and a lower discount rate. What's in the News Eni and Commonwealth Fusion Systems (CFS) agreed to a power offtake deal worth over $1 billion for decarbonized power from CFS's upcoming 400 MW fusion plant in Virginia.

Analysis Article • Sep 26

Eni (BIT:ENI) Will Pay A Dividend Of €0.26

The board of Eni S.p.A. ( BIT:ENI ) has announced that it will pay a dividend on the 26th of November, with investors...

Narrative Update • Sep 17

LNG Expansion And Biorefining Ventures Will Shape Future Energy Landscape

Despite a notable decline in consensus revenue growth forecasts from 0.7% to 0.4% per annum, Eni’s fair value estimate was left largely unchanged, with the consensus analyst price target edging up only slightly from €15.33 to €15.35. What's in the News Eni confirmed Q3 production guidance at 1.7-1.72 million boe/d and maintained its FY25 production target at 1.7 million boe/d.

Earnings and Revenue Growth Forecasts

BIT:ENI - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	86,701	6,255	8,628	13,938	12
12/31/2027	91,016	6,115	7,962	13,797	13
12/31/2026	101,435	7,839	8,829	14,397	13
6/30/2026	89,932	5,785	3,208	13,125	N/A
3/31/2026	84,479	2,725	2,533	12,372	N/A
12/31/2025	83,604	2,371	4,105	13,330	N/A
9/30/2025	80,871	394	4,049	12,600	N/A
6/30/2025	81,341	113	4,159	12,519	N/A
3/31/2025	90,961	2,453	5,221	13,573	N/A
12/31/2024	91,166	2,492	4,628	13,092	N/A
9/30/2024	92,191	2,458	5,047	13,647	N/A
6/30/2024	93,825	3,852	5,680	14,169	N/A
3/31/2024	90,580	3,485	5,046	14,041	N/A
12/31/2023	94,789	4,662	5,936	15,119	N/A
9/30/2023	101,607	5,116	6,261	15,537	N/A
6/30/2023	116,526	9,062	8,102	17,604	N/A
3/31/2023	128,523	12,583	8,550	17,344	N/A
12/31/2022	133,639	13,778	9,421	17,460	N/A
9/30/2022	128,843	16,680	11,775	18,702	N/A
6/30/2022	110,528	12,021	10,021	16,049	N/A
3/31/2022	95,359	8,453	9,125	14,583	N/A
12/31/2021	77,664	5,726	7,628	12,861	N/A
9/30/2021	62,620	1,509	3,241	8,014	N/A
6/30/2021	53,886	-197	2,075	6,537	N/A
3/31/2021	45,650	-4,850	1,030	5,223	N/A
12/31/2020	44,937	-8,635	178	4,822	N/A
9/30/2020	49,314	-9,729	1,893	7,559	N/A
6/30/2020	55,755	-8,703	1,483	8,158	N/A
3/31/2020	66,174	-3,873	N/A	11,270	N/A
12/31/2019	70,889	148	N/A	12,392	N/A
9/30/2019	74,252	2,438	N/A	12,992	N/A
6/30/2019	77,199	3,444	N/A	15,039	N/A
3/31/2019	77,218	4,272	N/A	13,557	N/A
12/31/2018	76,484	4,126	N/A	13,647	N/A
9/30/2018	74,407	5,774	N/A	12,640	N/A
6/30/2018	70,282	4,589	N/A	10,699	N/A
3/31/2018	67,224	3,355	N/A	10,372	N/A
1/1/2018	67,689	3,374	N/A	10,117	N/A
9/30/2017	65,906	1,667	N/A	10,047	N/A
6/30/2017	63,318	761	N/A	9,211	N/A
3/31/2017	60,950	297	N/A	8,235	N/A
12/31/2016	56,679	-1,051	N/A	8,562	N/A
9/30/2016	54,910	-9,845	N/A	8,888	N/A
6/30/2016	57,729	-10,066	N/A	9,206	N/A
3/31/2016	64,592	-9,122	N/A	10,780	N/A
12/31/2015	72,286	-7,952	N/A	10,760	N/A
9/30/2015	67,362	-3,072	N/A	12,572	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENI's earnings are forecast to decline over the next 3 years (-4.4% per year).

Earnings vs Market: ENI's earnings are forecast to decline over the next 3 years (-4.4% per year).

High Growth Earnings: ENI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ENI's revenue is expected to decline over the next 3 years (-3.1% per year).

High Growth Revenue: ENI's revenue is forecast to decline over the next 3 years (-3.1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ENI's Return on Equity is forecast to be low in 3 years time (9.7%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/18 23:12
End of Day Share Price	2026/09/18 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Eni S.p.A. is covered by 44 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Francesco Sala	Banca Akros S.p.A. (ESN)
Francesco Taddei	Banca Akros S.p.A. (ESN)
Alvaro del Pozo Maroto	Banco de Sabadell. S.A.

Eni Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Eni S.p.A. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Eni S.p.A. Just Missed Earnings - But Analysts Have Updated Their Models

Price target increased by 7.5% to €25.19

Consensus EPS estimates increase by 19%

Price target increased by 7.0% to €23.85

Price target increased by 7.1% to €23.07

Recent updates

Eni Sells 10% Baleine Oilfield Stake in Côte d’Ivoire to SOCAR

State Oil Company of Azerbaijan Republic completed the acquisition of 10% stake in Development Project of the Baleine Oil and Gas Field Located Offshore Côte d’Ivoire from Eni S.p.A. (BIT:ENI).

Eni Nears LNG Sales Deals in $24 Billion Argentina Vaca Muerta Project

Upcoming dividend of €0.27 per share

Eni Awards McDermott Cronos Gas Field Subsea Contract Offshore Cyprus

Eni and PETRONAS Explore High-Performance Bio-Gasoline for Motorsport and Transport Sector

ENI: Global Gas Expansion And Transition Partnerships Will Shape Future Returns

Eni Expands Offshore Exploration With Operatorship of Uruguay’s OFF-5 Block and Nearby Stake

Eni Commits $8.5 Billion to Fast-Track Offshore Gas Project in Egypt

ENI: Offshore Expansion And LNG Commitments Will Eventually Constrain Equity Upside

Eni Approves Third Phase of Baleine Oil Project to Boost Offshore Output

Eni Files Argentina LNG Project for Government Incentive Program in Vaca Muerta Play

EU Clears Eni and Khazna Joint Venture for 500 MW AI Data Center in Lombardy

We Think Eni's (BIT:ENI) Robust Earnings Are Conservative

Eni and TotalEnergies Approve Cyprus Gas Project Linking to Egypt Facilities

Eni Opens HPC7 Supercomputer to External Partners for AI and Energy Research

Eni S.p.A. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Eni Doubles Q2 Profit and Expands 2026 Production and Buyback Plans

Second quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind

New major risk - Revenue and earnings growth

ENI: Global Gas Pivot And Energy Transition Projects Will Shape Returns

Eni Delivers First Power at Kazakhstan’s Mangystau Hybrid Plant with KazMunayGas

ENI: Future Cash Flows Seen Driven By LNG And Battery Projects

Eni Advances Kutei North Hub with Major 94.6 km Subsea Umbilical Contract

Eni Invests $225 Million in Chile Lithium Project With EnergyX Collaboration

Eni Starts Libya Gas Project and Buys Into Argentina’s Vaca Muerta LNG Venture

ENI: Offshore Project Pipeline And Legal Clarity Will Support Steady Prospects

Italy’s Highest Court Ends Legal Uncertainty in Eni Nigeria Oilfield Case

ENI: LNG And Upstream Expansion Plus 2026 Capital Returns Will Support Upside

Eni Expands Gas Portfolio in Asia and Africa With Searah and New Discoveries

Eni Advances €4 Billion Buyback and Major Projects in Oil, Gas and Battery Markets

ENI: LNG Expansion And Larger 2026 Capital Returns Will Support Balanced Outlook

Dividend of €0.27 announced

ENI: Argentina LNG Progress And 2026 Distribution Plan Will Support Balanced Outlook

Less than half of directors are independent

Eni S.P.A. Announces Board Appointments

Eni S.p.A. Just Missed Earnings - But Analysts Have Updated Their Models

Upgrade: Analysts Just Made A Notable Increase To Their Eni S.p.A. (BIT:ENI) Forecasts

Price target increased by 7.5% to €25.19

ENI: Argentina LNG Project Progress Will Support Balanced Medium Term Outlook

ARUM S.p.A. and Dompé Holdings Srl proposed to acquire 50.88% stake in B.F. S.p.A. (BIT:BFG) from Fondazione Cariplo, Inarcassa, Istituto Di Servizi Per Il Mercato Agricolo Alimentare - Ismea, Eni S.p.A. (BIT:ENI) and other shareholders for approximately €670 million.

Consensus EPS estimates increase by 19%

Price target increased by 7.0% to €23.85

Price target increased by 7.1% to €23.07

ENI: Argentina LNG Plan And 2026 Framework Will Support Balanced Outlook

Dividend of €0.27 announced

ENI: Argentina LNG Project And 2026 Plan Will Support Balanced Outlook

Price target increased by 9.0% to €20.95

Gas Dependent Expansion Will Pressure Margins And Undermine Long Term Earnings Power

ENI: Argentina LNG Project And 2026 Plan Will Shape Balanced Outlook

Consensus EPS estimates increase by 11%

Gas And LNG Expansion Will Anchor A Stronger Long Term Outlook

Price target increased by 9.3% to €18.32

Fourth quarter dividend of €0.26 announced

Full year 2025 earnings: EPS misses analyst expectations

ENI: Argentina LNG Expansion Will Expose 2026 Plan Risks

ENI: 2026 Plan And Reserve Distributions Will Support A Balanced Outlook

ENI: 2026 Plan And Production Guidance Will Support A Balanced Outlook

ENI: Upcoming 2026 Plan And Production Outlook Will Shape Balanced View

Global Infrastructure Management, LLC completed the acquisition of 49.99% stake in Eni CCUS Holding from Eni S.p.A. (BIT : ENI).

ENI: LNG Expansion And Fusion Power Agreement Will Shape Balanced Outlook

Eni S.p.A. to Report Fiscal Year 2025 Final Results on Mar 18, 2026

ENI: Production, LNG Projects And Fusion Agreement Will Shape Balanced 2025 Outlook

ENI: Upward Production Guidance and Energy Partnerships to Shape 2025 Outlook

Upcoming dividend of €0.26 per share

Eni's (BIT:ENI) Dividend Will Be €0.26

CEO, GM & Director recently sold €1.1m worth of stock

Eni's (BIT:ENI) Profits Appear To Have Quality Issues

Ares Alternative Credit Management managed by Ares Management LLC completed the acquisition of 20% stake in Eni Plenitude S.P.A. Societa' Benefit from Eni S.p.A. (BIT:ENI).