Snam reduces De Nora stake as Snam stock sits 16.30 percent below high

Published on 10/14/2026 at 11:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Snam sold EUR 67 million of De Nora shares on September 22, 2026. Snam stock trades at EUR 5.75 on October 14, 2026 below its EUR 6.87 high.

Financial milestones and next date

Snam sold EUR 67 million of De Nora shares on September 22, 2026.
Adjusted EBITDA reached EUR 1,572 million in the first half of 2026.
Snam stock was trading at EUR 5.75 at 11:29 a.m. CEST at Lang & Schwarz on October 14, 2026.
The next interim report is scheduled for November 11, 2026.

Editorial-Szene eines Börsenparketts mit Energiesektor-Kursdiagrammen — Snam S.p.A. (IT0003153415) notiert an der Mailänder Börse, dargestellt als Editorial-Szene mit Energie-Kursdiagrammen, Illustration mit AI erstellt.

Snam reduced its stake in Industrie De Nora through a EUR 67 million share sale announced on September 22, 2026, while Snam stock was trading at EUR 5.75 at Lang & Schwarz on October 14, 2026. That price stands 16.30 percent below the EUR 6.87 52-week high.

Three milestones shape the story

Snam reported EUR 3,885 million of revenue for fiscal year 2025 on March 5, 2026. The figure provides the annual base for the company's current investment cycle.

On July 29, 2026, Yahoo Finance published Snam's first-half results call, which reported adjusted EBITDA of EUR 1,572 million, up 9.00 percent year over year. Adjusted net income reached EUR 733 million, up 3.00 percent after excluding the prior-year deflator effect.

On September 22, 2026, Snam said its wholly owned Asset Company 10 sold approximately 10 million De Nora shares at EUR 6.69 each. Snam retained approximately 33 million multiple-voting shares, representing 16.60 percent of De Nora's share capital.

What supports the next phase

The first-half operating result gives the asset rotation a financial context. Snam's adjusted EBITDA growth of 9.00 percent exceeded the 3.00 percent increase in adjusted net income, reflecting the effect of higher depreciation and financing costs described in the results call.

The De Nora transaction also shows the portfolio logic behind the move. The retained 16.60 percent stake leaves Snam exposed to future value creation, while the EUR 67 million proceeds can support the company's core infrastructure and energy-transition priorities.

Next report arrives November 11

Snam's investor-relations calendar lists November 11, 2026 for the interim financial report covering September 30, 2026. The date gives investors the next scheduled point for assessing earnings, debt and progress on the 2026 plan.

Stock stays below its yearly high

Snam stock was trading at EUR 5.75 at Lang & Schwarz on October 14, 2026 at 11:29 a.m. CEST. Its 52-week range was EUR 5.11 to EUR 6.87, placing the reference price 16.30 percent below the high.

The further course of trading is shown by the continuously updated real-time quote of Snam stock.