ENI Spa (E) earnings and revenue breakdown

Latest: Q2 2025 · 6-K filed Jul 30, 2025 · ENI Spa (E) Q2 2025 earnings results →

Q2 2025 Revenue down 0% year over year to $23.0B · 5¢ of every $1 of revenue kept as net profit · operating margin 10.1%

ENI Spa made $23.0B in Q2 2025 (-0.4% Y/Y). Operating margin 10.1%, net earnings $1.2B. See where every dollar goes — costs, profit and cash — as a Sankey from the 6-K filed Jul 30, 2025.

Revenue$23.0B

Year over year-0.4%

Operating margin10.1%

Net earnings$1.2B

Operating cash flow$2.4B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was €23.0B in Q2 2025, roughly flat year over year.

Operating profit was €2.3B, a 10.1% margin (up 3.3 points year over year). Total costs fell 4% while revenue was flat. Net earnings were €1.2B, up 369% year over year. The effective tax rate was 50.8%.

Operating cash flow was €2.4B (down 48% year over year), 200% of net earnings. Non-cash charges added back €1.9B of depreciation and amortization. Working capital and other items used €0.68B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q2 2025	6-K	Jul 30, 2025	$23.0B	-0.4%	10.1%	$1.2B	$2.4B

Charts

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Crude Petroleum & Natural Gas; dot size is quarterly revenue; dashed lines are the industry's medians.