0855 GMT - Eni's net debt rose in the fourth quarter but higher proceeds from disposals should see it fall in 2025, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write. The Italian energy major's net debt increased sequentially to 12.2 billion euros, above the 11.7 billion euros RBC had expected, the analysts write. The company has taken action to reduce debt but the transactions have yet to be completed and booked, the analysts write. Net debt is expected to trend lower through 2025 as proceeds from disposals come through, they add. Shares fall 2% to 13.98 euros.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 03:55 ET (08:55 GMT)
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