Eni SpA (NYSE:E)
$ 26.95 0.34 (1.28%) Market Cap: 41.60 Bil Enterprise Value: 63.29 Bil PE Ratio: 16.82 PB Ratio: 0.80 GF Score: 74/100

Q1 2024 Eni SpA Earnings Call Transcript

Apr 24, 2024 / NTS GMT
Release Date Price: $32.59 (-2.13%)
Operator

Good afternoon, ladies and gentlemen, and welcome to Eni's 2024 First Quarter Results Conference Call, hosted by Mr. Francesco Gattei, Chief Financial Officer. (Operator Instructions) I'm now handing over to your host to begin today's conference. Thank you.

Francesco Gattei
Eni S.p.A. - CFO

Thank you. Good afternoon, and welcome to Eni Quarter 1 2024 Results Conference Call. Our first quarter is an excellent result. We have reported pro forma EBIT of EUR 4.1 billion and cash flow from operation of EUR 3.9 billion.

Production growth in our upstream of 5%, and excellent contribution from our transition business of Enilive and Plenitude meant that we substantially resisted the overall deterioration in this scenario. The continued excellent cash conversion and CapEx discipline also meant that balanced gearing remains comfortably within our range, despite completing on Neptune and the 2023 share buyback program in this quarter.

I will analyze our results in more detail shortly, but the slides also emphasize how busy we continue to be in actions to

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot