E
Eni S.p.A.
E's fundamentals are mixed: earnings per share more than doubled, but free cash flow fell 14%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
E Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Stable |
E's revenue and profitability are currently healthy, and its cash flow and balance sheet are stable.
E PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.1x | $15.74 | -72% |
| Fair | 13x | $50.37 | -11% |
| Current | 15x | $56.73 | — |
| Expensive | 29x | $109 | +92% |
Historical ranges are pointers, not guarantees.
E's PE is 15x, but its earnings don't support one, so it isn't a reliable read right now.
E Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for E, but weaker profitability. However, they disagree widely on these estimates.
E Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $3.82 | +123% |
| Q1 2026 | $1.76 | -2.2% |
| Q4 2025 | $1.78 | -1.1% |
| Q3 2025 | $1.93 | +12% |
| Q2 2025 | $1.71 | -36% |
| Q1 2025 | $1.80 | -25% |
| Q4 2024 | $1.80 | -43% |
| Q3 2024 | $1.72 | -50% |
E's earnings per share have fallen from their peak: $3.82 over the past year, against $10.73 in late 2022.
E Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $25.2B | +21% |
| Q1 2026 | $21.9B | +4.7% |
| Q4 2025 | $22.9B | -12% |
| Q3 2025 | $22.4B | -2.2% |
| Q2 2025 | $20.8B | -14% |
| Q1 2025 | $20.9B | -18% |
| Q4 2024 | $26.1B | -4.6% |
| Q3 2024 | $22.9B | -7.4% |
E's revenue is recovering but still below its 2022 peak: $25.2B last quarter, up 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 5.2% | -1.8 points |
| Q1 2026 | 3.2% | 0 points |
| Q4 2025 | 4.1% | -1.5 points |
| Q3 2025 | 7.2% | -0.2 points |
| Q2 2025 | 7% | -7.2 points |
| Q1 2025 | 3.2% | -8.9 points |
| Q4 2024 | 5.6% | -3.1 points |
| Q3 2024 | 7.4% | -7.1 points |
E's operating margin was 5.2% last quarter, down 1.8 points from the same quarter a year ago.
E Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $2.5B | +56% |
| Q1 2026 | -$1.1B | -246% |
| Q4 2025 | $1.7B | +16% |
| Q3 2025 | $1.1B | -0.7% |
| Q2 2025 | $1.6B | -46% |
| Q1 2025 | $732.1M | +685% |
| Q4 2024 | $1.5B | -27% |
| Q3 2024 | $1.1B | -40% |
E still generates free cash flow, though less than at its 2021 peak: $4.2B over the past year.
E Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -4.3M shares |
| 1 year | -3.6% | -56M shares |
| 3 years | -10% | -172M shares |
| 5 years | -16% | -289M shares |
| Available history | -17% | -297M shares |
E has 1.5B diluted shares, down 3.6% from a year ago, with $2.3B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $635.8M |
| Q1 2026 | $321.1M |
| Q4 2025 | $744.3M |
| Q3 2025 | $622.1M |
| Q2 2025 | $311.1M |
| Q1 2025 | $428.8M |
| Q4 2024 | $973.1M |
| Q3 2024 | $633.2M |
E spent $2.3B buying back its own shares over the past year, about the same as the year before.
E Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 2.0x | Moderate |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.7x | Healthy |
| Q4 2024 | 2.2x | Moderate |
| Q3 2024 | 1.6x | Healthy |
E's net debt is about 2.6 years of its operating earnings (EBITDA), up from 1.8 years a year ago.
E Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.9 | Neutral |
| Stochastic | 54.4 | Neutral |
E's weekly RSI is 55 (neutral) and its Stochastic is 54 (neutral).
E PE vs Energy Sector
| Metric | E | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 13% above |
| PE % | 54 | 61 | 7 pts below |
E is trading at 15x earnings, a 13% premium to the Energy sector's median of 13x, though its earnings don't support one.
E Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $57.5 | 1.3% below |
| 20 week MA | $54.7 | 3.7% above |
| 50 week MA | $50.4 | 13% above |
| 100 week MA | $41.2 | 38% above |
| 200 week MA | $36.0 | 58% above |
E's trend is up, with a small recent dip: it's below only its 8-week average, and 58% above its 200-week average.
E Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $31.2 | $20.7 | -34% |
| 2021 | $20.7 | $27.7 | +34% |
| 2022 | $27.7 | $28.9 | +4.6% |
| 2023 | $28.9 | $34.0 | +18% |
| 2024 | $34.0 | $27.0 | -21% |
| 2025 | $27.0 | $37.8 | +40% |
| 2026 YTD | $37.8 | $56.7 | +50% |
E has finished higher in four of the last six years. It's up 50% so far in 2026.