Update: Eni Q3 Earnings, Sales Increase; Shares Rise

02:44 PM EDT, 10/23/2026 (MT Newswires) -- (Updates with the latest stock movement in the first paragraph and the headline.) Eni (E) shares were up more than 4% in Friday afternoon trading after the company reported higher Q3 results and increased its share buyback program. The company reported Q3 diluted earnings Friday of 1.07 euros ($1.20) per share, up from 0.24 euros a year earlier. One analyst surveyed by FactSet expected 0.82 euros. Sales from operations for the quarter ended Sept. 30 were 28.07 billion euros, up from 20.20 billion euros a year earlier. Three analysts expected 34.07 billion euros. For 2026, the company has increased its underlying oil and gas production growth projection to a range of 6% to 7%, up from its previous outlook of roughly 5%. Eni also said it increased its buyback program by a further 12% to 3.8 billion euros. Eni added that it has decided to distribute an extraordinary dividend of 0.46 euros, to be paid on Dec. 9. Price: 61.94, Change: +2.41, Percent Change: +4.05