Eni SpA

ENI: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€19.60	Ydkzg	Yfkfxxf

Eni Earnings: Shareholder Returns Accelerating; KKR Deal for Enilive Endorsement of Satellite Model

Allen Good

Jul 26, 2024

No-moat Eni reported adjusted net earnings of EUR 1.5 billion in the second quarter of 2024 compared with EUR 2 billion the year before, ahead of expectations thanks to strong production growth and better price realizations. With no changes to our estimates, we maintain our EUR 14.90 per share fair value estimate.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

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