Italy's Snam 2025 revenue slightly beats on gas infrastructure business strength

Snam SpA

05/03/2026 06:41

Overview

Italy energy infrastructure firm's 2025 revenue slightly beat analyst expectations

Adjusted EBITDA for 2025 slightly beat analyst expectations

Net financial debt well below revised guidance, says co

Outlook

Snam plans 14 bln euros investments by 2030 focusing on industrial growth

Company invests in energy efficiency and hydrogen development

Result Drivers

REGULATED REVENUE GROWTH - Revenue increase driven by higher regulated revenues from gas infrastructure business

PERIMETER EXPANSION - Revenue growth supported by inclusion of Stogit Adriatica and Ravenna FSRU commissioning

ADJUSTED EBITDA GROWTH - Increase driven by gas infrastructure revenues and Ravenna FSRU plant contribution

Company press release: ID:nBIA3lgwl5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Beat*
EUR 3.89 bln
EUR 3.87 bln (17 Analysts)
FY Adjusted Net Income
EUR 1.42 bln
FY Adjusted EBITDA
Slight Beat*
EUR 2.97 bln
EUR 2.96 bln (18 Analysts)
FY Net Debt
EUR 17.51 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 9 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "hold"

Wall Street's median 12-month price target for Snam SpA is €5.70, about 10.4% below its March 4 closing price of €6.36

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)