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Update: Eni Q2 Net Profit, Sales Rise; Raises Cash Distribution to Shareholders; Shares Jump Pre-Bell

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(Updates with dividend, share buyback expansion, and stock move in the last two paragraphs.)

Eni (E) reported Q2 net profit Wednesday of 1.09 euros ($1.24) per diluted share, up from 0.16 euros a year earlier.

An analyst polled by FactSet expected 0.70 euros.

Sales from operations for the quarter ended June 30 were 24.38 billion euros, compared with 18.77 billion euros a year earlier.

Three analysts expected 32.64 billion euros.

The company has confirmed its plan to increase its 2026 dividend by 5% to 1.1 euros, according to its earnings statement. It has also expanded the 2026 share repurchase program to 3.4 billion euros, a 20% increase from the revised guidance of 2.8 billion euros in the last quarter, per the statement.

Shares of the company were up 4.1% in premarket activity.

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