Eni Raises 2025 Cash Flow Guidance After Beating Q3 Estimates

Core Insights - Eni raised its cash flow generation outlook for 2025 and increased full-year planned buybacks by 20% after reporting third-quarter earnings that exceeded consensus estimates [1][4] - The company reported an adjusted net profit of $1.4 billion (1.2 billion euros) for Q3, surpassing the analyst consensus estimate of $1.18 billion (1.02 billion euros) [1][2] Financial Performance - Eni achieved solid earnings and cash flow from operations (CFFO) despite lower oil prices, with oil and gas production rising by 6% year-over-year to 1.76 million barrels of oil equivalent per day (boe/d) [2] - The expected CFFO before working capital adjustments was raised to $14 billion (12 billion euros), up from $13.3 billion (11.5 billion euros) [4] Production Guidance - Eni increased its annual production guidance to 1.72 million boe/d, indicating a projected fourth-quarter production of around 1.8 million boe/d [2] - The higher output guidance is attributed to new fields under development in Congo, UAE, Qatar, and Libya, as well as business combinations in Indonesia and Malaysia [3] Strategic Initiatives - Eni's Q3 performance reflects its strategy of competitive growth in key businesses, launching new projects, and leveraging exploration and technological expertise [5]