Italgas starts Turin service. Italgas stock sits 27.26 percent below its high

Published on 10/12/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Italgas stock costs EUR 8.22 on October 12, 2026, 27.26 percent below its high of EUR 11.30. Turin plan covers 76 municipalities for 12 years.

Key points in brief

Italgas began a 12-year Turin 5 gas distribution service on October 5, 2026, with more than EUR 87 million planned for network investment.
The Turin program covers 76 municipalities and 58,000 customers, while the Floene agreement adds a 22.50 percent Portuguese stake.
Italgas stock was at EUR 8.22 at Lang & Schwarz on October 12, 2026 at 9:19 a.m. CEST, 27.26 percent below its EUR 11.30 52-week high.
Italgas has scheduled its third-quarter 2026 results for October 29, 2026.

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Italgas (ISIN IT0005211237) was at EUR 8.22 at Lang & Schwarz on October 12, 2026 at 9:19 a.m. CEST, 27.26 percent below its 52-week high of EUR 11.30. The latest company event is the start of Italgas Reti's Turin 5 gas distribution service, backed by more than EUR 87 million in planned network investment.

Three contracts shape the story

On March 27, 2026, Italgas signed a 12-year service contract for the Turin 5 area. On October 2, 2026, it agreed to acquire a 22.50 percent stake in Portugal's Floene through the purchase of Meet Europe Natural Gas, a transaction valued at EUR 120 million, according to Italgas.

On October 5, 2026, Italgas Reti began managing Turin 5. The program covers 76 municipalities, serves 58,000 customers and includes the rollout of electronic meters, according to Italgas.

What does Turin add?

The contract gives Italgas a defined operating footprint and a quantified investment program rather than a purely strategic announcement. More than EUR 87 million is earmarked to extend and modernize the network across the Canavese area, while the service period runs for 12 years.

The company also entered Portugal through the Floene agreement. The 22.50 percent holding and EUR 120 million transaction value add an international expansion angle, but completion remains subject to regulatory approvals, according to Italgas.

Results date is October 29

Italgas has scheduled its presentation of third-quarter 2026 results for October 29, 2026, according to the company's investor-relations calendar. The same investor page reports that adjusted EBITDA rose 39.40 percent and adjusted net profit increased 33.10 percent in the consolidated results for the year ended December 31, 2025, while operating cash flow reached EUR 1.63 billion.

For investors, the next results release will test whether the expansion program is being matched by operating delivery. The current EUR 8.22 quote stands 27.26 percent below the EUR 11.30 52-week high, placing the scheduled report alongside a clear valuation reference.

Italgas stock stays below its high

Italgas was trading at EUR 8.22 at Lang & Schwarz on October 12, 2026 at 9:19 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Italgas stock.