2 weeks Ago
Eni S.p.A.
( NYSE: E ) Q3 2024 Earnings Conference Call October 25, 2024 8:00 AM ET Company Participants Francesco Gattei - Chief Transition & Financial Officer Adriano Alfani - Chief Executive Officer, Versalis Guido Brusco - Chief Operating Officer, Global Natural Resources Giuseppe Ricci - Chief Operating Officer, Industrial Transformation Stefano Ballista - Chief Executive Officer, Eni Sustainable Mobility Conference Call Participants Josh Stone - UBS Alessandro Pozzi - Mediobanca Giacomo Romeo - Jefferies Kim Fustier - HSBC Biraj Borkhataria - RBC Irene Himona - Bernstein Matt Smith - Bank of America Michele Della Vigna - Goldman Sachs Peter Low - Redburn Atlantic Massimo Bonisoli - Equita Lydia Rainforth - Barclays Henry Tarr - Berenberg Paul Redman - BNP Paribas Matt Lofting - JPMorgan Operator [Starts Abruptly] Chief Transition and Financial Officer. For the duration of the call, you will be in listen-only mode. However, at the end of the call, you will have the opportunity to ask questions.
[Operator Instructions] I'm now handing you over to your hosts to begin today's conference. Thank you. Francesco Gattei Thank you.
Good afternoon, and welcome to Eni's third quarter and nine months 2024 results conference call. Energy markets continue to be volatile and unpredictable, driven by a mixture of fundamentals, geopolitics, and speculative trading flows. Our focus is on maintaining resilient and competitive operating and financial performance, reinforcing our balance sheet while funding both investment into the business and attractive distributions to shareholders and progressing our strategy.
In the third quarter, we clearly continued to deliver on all those objectives. In Q3, we indeed reported resilient results, with pro forma adjusted EBIT of €3.4 billion and cash flow from operation of €2.
9 billion, despite the deterioration in scenario across most of our main businesses. We also lowered debt and leverage well ahead of our original plan. I will speak in more.
