- Snam’s adjusted net income for the first half of 2025 was €750 million, marking an 8.5% increase compared to the previous year, and surpassing estimates of €739.5 million.
- The company reported adjusted EBITDA of €1.49 billion, up 5.3% year-on-year, slightly exceeding the expected €1.47 billion.
- Adjusted EBIT reached €942 million, which is a 2.6% increase year-on-year, although slightly below the estimate of €944 million.
- Snam’s revenue for the first half of 2025 was €1.91 billion, showing a 5.9% increase compared to the previous year.
- Based on the strong first half performance, Snam is on track to meet or potentially exceed its full-year guidance.
- The company’s outlook takes into account ARERA resolution 130/2025/R/com, raising the 2025 Tariff Regulated Asset Base from €25.8 billion to €26.2 billion.
- Snam anticipates contribution from its acquisition of a 24.99% stake in Open Grid Europe starting in the fourth quarter of the year.
- The acquisition is expected to be financed through asset rotation or the issuance of a dedicated hybrid instrument.
- Analyst recommendations include 11 buy ratings, 7 holds, and 4 sells.
A look at Snam SpA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
In light of the Smartkarma Smart Scores, Snam SpA seems to have a promising long-term outlook. With a strong dividend score of 5, investors can expect consistent and attractive returns from the company. Additionally, the growth and momentum scores of 4 indicate that Snam is positioned for potential expansion and has positive market sentiment. While the value and resilience scores are moderate at 3, overall, the company appears to be in a solid position to deliver value to its shareholders over time.
Snam S.p.A., as the owner and operator of Italy’s natural-gas distribution network, plays a crucial role in transporting gas for various entities in Italy. The company’s network of high-and medium-pressure pipes, linked to production and importation sites in the country, underscores its significance in the energy sector. With a focus on providing essential services to households and businesses, Snam’s outlook, as indicated by the Smartkarma Smart Scores, reflects a blend of stability, growth potential, and healthy dividend returns for investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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