Quarterly Earnings Conference Call Transcript for Eni S.p.A. (E) in 2025
Eni S.pA, the Italian multinational oil and gas company, held its Q2 2025 results presentation conference call on July 25, 2025, at 8:00 AM ET. The call, hosted by Claudio Descalzi, Chief Executive Officer of Eni S.pA, highlighted strong operational execution, strategic investments, financial discipline, and continued shareholder value delivery amid a challenging macroeconomic environment.
The company reported adjusted earnings per American Depository Receipt of $0.79, beating estimates of $0.67, though down from $0.98 a year earlier. Total revenues were $21.7 billion, also beating expectations but lower than the $24.8 billion reported in Q2 2024. The positive results were driven primarily by a 6% increase in liquids production to 825 thousand barrels per day, despite a 3% overall decline in oil and gas production and reduced natural gas output.
During the call, CEO Descalzi emphasized Eni’s resilient business model, disciplined financial management, and value creation for shareholders. Key strategic initiatives discussed included a 20% investment by Ares in Plenitude, a new joint venture for CCUS (carbon capture, utilization, and storage) with GIP, the launch of the Eni-Petronas satellite to develop gas resources in Indonesia and Malaysia, and progress on the Argentina LNG project. Additional cash initiatives were identified to generate about €3 billion over the year.
The call participants from Eni S.pA included Adriano Alfani, Claudio Descalzi, Cristian Signoretto, Francesco Gattei, Giuseppe Ricci, Guido Brusco, Jon Rigby, Stefano Goberti, Stefano Ballista, and Stefano Ballista. Representatives from various research divisions were also present, including Alejandro Vigil, Alessandro Pozzi, Bertrand Hodee, Biraj Borkhataria, Henry Michael Tarr, Irene Himona, Joshua Eliot Dweck Stone, Lydia Rose Emma Rainforth, Martijn Rats, Massimo Bonisoli, Matthew Smith, Matthew Peter Charles Lofting, Paul Redman, and Peter James Low.
The full transcript of the call is hosted by GuruFocus and provides a detailed account of management’s discussion. The publicly available excerpts confirm a focus on growth through LNG expansion, transition technologies, and portfolio optimization. The company’s conference call was held on July 25, with documents and live events accessible via Eni's investor relations portal.
In summary, Eni’s Q2 2025 earnings call highlighted strong operational execution, strategic investments in transition and LNG sectors, financial discipline, and continued shareholder value delivery amid a challenging macroeconomic environment. The complete transcript is available for deeper review at GuruFocus or Eni’s official investor website.
The conference call emphasized Eni's focus on strategic investments in the transition and LNG sectors, which reflects their commitment to business expansion in these areas (business). The 20% investment by Ares in Plenitude and the progress on the Argentina LNG project are examples of such investments (investment). Furthermore, the call underscored the company's financial discipline, demonstrating their diligence in managing their finances (finance).
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