Snam renewed funding programs and Snam stock costs EUR 5.67

Published on 10/13/2026 at 10:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EBITDA rose 9.00 percent to EUR 1.572 billion in first-half 2026. Snam stock was EUR 5.67 on October 13, 2026 versus Xetra close EUR 5.66.

Key points in brief

Snam renewed its Euro Medium Term Notes and Euro Commercial Paper programs on September 30, 2026.
First-half 2026 adjusted EBITDA reached EUR 1.572 billion, up 9.00 percent year on year after a EUR 52 million one-off.
Snam stock was EUR 5.67 at Lang & Schwarz on October 13, 2026, up 0.18 percent versus the Xetra close of EUR 5.66 on October 12, 2026.
Snam's next interim financial report is scheduled for November 11, 2026.

Aquarellmalerei einer italienischen Vorortstadt mit Bürogebäuden — Snam S.p.A. (IT0003153415) hat Sitz in San Donato Milanese, dargestellt als sanftes Aquarell einer Stadtlandschaft, Illustration mit AI erstellt.

Snam (ISIN IT0003153415) was trading at EUR 5.67 at Lang & Schwarz on October 13, 2026 at 10:30 a.m. CEST, up 0.18 percent versus the Xetra close of EUR 5.66 on October 12, 2026. The company had renewed its Euro Medium Term Notes and Euro Commercial Paper programs on September 30, 2026, giving the funding structure a fresh reference point for the stock.

Three funding and results milestones

On March 5, 2026, Snam reported fiscal year 2025 revenue of EUR 3.885 billion and adjusted net profit of EUR 1.422 billion on its investor-relations page, alongside EUR 2.758 billion of investments. The figures frame the scale of the infrastructure group before its 2026 expansion program.

On July 29, 2026, Snam presented first-half 2026 results. According to Yahoo Finance, adjusted EBITDA reached EUR 1.572 billion, up 9.00 percent year on year after excluding a EUR 52 million deflator-related one-off. Adjusted net income was EUR 733 million, up 3.00 percent on the same adjusted basis.

On September 30, 2026, Teleborsa reported that Snam renewed its annual Euro Medium Term Notes program and three-year Euro Commercial Paper program. The EMTN ceiling remains EUR 15.0 billion, with EUR 2.6 billion of residual capacity, while the ECP ceiling is EUR 3.5 billion and outstanding ECP totaled EUR 1.2 billion.

What does the financing plan change?

The announcement does not change the size of Snam's regulated asset base by itself, but it preserves financing flexibility for capital-intensive infrastructure. The EUR 15.0 billion EMTN ceiling and EUR 3.5 billion ECP ceiling separate longer-term bond funding from short-term liquidity management, while the sustainable-finance framework links part of future issuance to energy-transition projects.

The operating backdrop remains quantitative. First-half adjusted EBITDA growth of 9.00 percent exceeded the 3.00 percent increase in adjusted net income because depreciation and financial charges partly offset the stronger operating result. That mix makes the November report important for judging whether investment growth is translating into bottom-line progress.

Next dates for Snam investors

Snam's annual adjustment session timeline calls for publication of provisional physical results by October 15, 2026, according to Snam. The next scheduled corporate reporting date is November 11, 2026, when the board is due to review the interim financial report for the period ended September 30, 2026, as listed on Snam's investor-relations page.

Stock remains below yearly high

Snam's market capitalization was EUR 19.0 billion as of October 13, 2026. The EUR 5.67 Lang & Schwarz price stood within the EUR 5.11 to EUR 6.87 52-week range, leaving the valuation sensitive to regulated returns, financing costs and execution of the investment plan. The further course of trading is shown by the continuously updated real-time quote of Snam stock.