Eni S.p.A. Reports Q1 2024 Results
Ticker: EIPAF · Form: 6-K · Filed: Apr 24, 2024 · CIK: 1002242
| Field | Detail |
|---|---|
| Company | Eni Spa (EIPAF) |
| Form Type | 6-K |
| Filed Date | Apr 24, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $80 |
| Sentiment | neutral |
Sentiment: neutral
Topics: results, foreign-issuer
TL;DR
Eni dropped Q1 2024 results on 4/24.
AI Summary
Eni S.p.A. filed a Form 6-K on April 24, 2024, to report its first quarter 2024 results. The filing is a report of a foreign issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
Why It Matters
This filing provides investors with key financial and operational updates for Eni S.p.A. for the first quarter of 2024, impacting their investment decisions.
Risk Assessment
Risk Level: low — This is a routine financial results filing and does not contain significant new risks.
Key Players & Entities
- Eni S.p.A. (company) — Registrant
- 0001104659-24-051048 (filing_id) — Accession Number
- April 2024 (date) — Reporting Period
FAQ
What is the purpose of this Form 6-K filing?
The purpose of this Form 6-K filing is to report Eni S.p.A.'s first quarter 2024 results.
When was this report filed with the SEC?
This report was filed on April 24, 2024.
What is the principal executive office address of Eni S.p.A.?
The principal executive office address is Piazzale Enrico Mattei 1, 00144 Rome, Italy.
Does Eni S.p.A. file annual reports under Form 20-F?
Yes, Eni S.p.A. indicates it files annual reports under cover of Form 20-F.
What is the SIC code for Eni S.p.A.?
The Standard Industrial Classification (SIC) code for Eni S.p.A. is 1311, which corresponds to Crude Petroleum & Natural Gas.
Filing Stats: 4,576 words · 18 min read · ~15 pages · Grade level 10.5 · Accepted 2024-04-24 11:38:38
Key Financial Figures
- $80 — Scenario is: Brent 86 $/bbl (previously $80/bbl); SERM 6.8 $/bbl from 6.6 $/bbl; PS
Filing Documents
- tm2412553d1_6k.htm (6-K) — 901KB
- tm2412553d1_6kimgsp1.jpg (GRAPHIC) — 2KB
- 0001104659-24-051048.txt ( ) — 905KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorised. Eni S.p.A. /s/ Paola Mariani Name: Paola Mariani Title: Head of Corporate Secretary’s Staff Office Date: April 24, 2024 PRICE SENSITIVE Eni: first quarter 2024 results Key operating and financial results Q4 Q1 2023 2024 2023 % Ch. 84.05 Brent dated $/bbl 83.24 81.27 2 1.075 Average EUR/USD exchange rate 1.086 1.073 1 41 Spot Gas price at Italian PSV €/MWh 29 57 (49) 4.3 Standard Eni Refining Margin (SERM) $/bbl 8.7 11.0 (21) 1,708 Hydrocarbon production kboe/d 1,741 1,661 5 3,755 Proforma adjusted EBIT (a) 4,116 5,867 (30) 2,769 - subsidiaries 3,027 4,641 (35) 986 - main JV/Associates (b) 1,089 1,226 (11) Breakdown by segment € million 3,320 E&P 3,320 3,831 (13) 717 Global Gas & LNG Portfolio (GGP) 325 1,420 (77) 168 Enilive and Plenitude 420 270 56 (87) Refining, Chemicals and Power 44 223 (80) (363) Corporate, other activities and consolidation adjustments 7 123 (94) 3,189 Adjusted net profit before taxes (a) 3,126 4,981 (37) 1,662 Adjusted net profit (loss) (a)(c) 1,582 2,907 (46) 0.50 per share - diluted (€) 0.48 0.86 173 Net profit (loss) (c) 1,211 2,388 (49) 0.05 per share - diluted (€) 0.37 0.70 3,606 Cash flow from operations before changes in working capital at replacement cost (a) 3,896 5,291 (26) 4,175 Net cash from operations 1,904 2,982 (36) 2,433 Organic capital expenditure (d) 1,990 2,214 (10) 10,899 Net borrowings before lease liabilities ex IFRS 16 12,882 7,796 65 53,644 Shareholders' equity including non-controlling interest 55,109 55,553 (1) 0.20 Leverage before lease liabilities ex IFRS 16 0.23 0.14 (a) Non-GAAP measures. For furthe