ENI S.p.A. (E) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon ladies and gentlemen and welcome to Eni's 2026 first quarter results conference call hosted by Mr. Francesco Gattei, Chief Transition and Financial Officer. For the call you will be in listen only mode. However, at the end of the call you will have the opportunity to ask questions by pressing star N1 on your telephone. I'm now handing you over to your host to begin today's conference. Thank you. Good afternoon. Amid the volatility and disruption to the energy system over the past two months, ATENI will continue to focus on the delivery of financial performance and key strategic milestones. As we set out at our capital market update just over a month ago, we are working to deliver reliable, affordable, and lower carbon energy for all our customers. Our industrial strategy, anchored to technology skills and long-term investment into top-tier assets across a diversified portfolio, has, if anything, been further validated in the context of the event of this year. Our investment framework, underpinned by strong cash flow and a robust balance sheet, supports us in delivering sector-leading growth. As a result, we can also reward our investors through a combination of attractive distribution and the continued rise of the capital value of the business, something that has been reflected by the share price improvement. It's also worth keeping in mind that while energy markets have been highly volatile since March, Q1 averages, although higher than the planning assumptions set out at our capital market update, were well within an historical normal range for our volatile industry. Actually, in Euro terms, it was a bit softer than last year. 2026 has seen very positive advancement in strategic terms, and Q1 supports this progress with strong financials. I will anal...