Snam reported biomethane sale progress as Snam stock sits 18.92 percent below its high

Published on 10/08/2026 at 11:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Snam stock costs EUR 5.57 on October 8, 2026 after EUR 5.55, plus 0.36 percent. First-half adjusted EBITDA rose 9.00 percent.

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Snam (ISIN IT0003153415) was trading at EUR 5.57 at Lang & Schwarz on October 8, 2026, 18.92 percent below its EUR 6.87 52-week high. The company had reported a biomethane asset-sale update on September 29, 2026, while its first-half adjusted EBITDA had risen 9.00 percent year over year to EUR 1.572 billion.

Biomethane sale process advances

According to Teleborsa on September 29, 2026, CEO Agostino Scornajenchi said final offers were expected for the sale of Bioenerys assets, with further information possible in the following weeks. The same report said Italian gas storage had reached 87 percent, equal to 16.3 billion cubic meters, against a target of 17 billion cubic meters.

The sale process adds an asset-rotation element to Snam's regulated infrastructure profile. For investors, the key distinction is timing: the September 29 statement described an offer process, not a completed disposal or a disclosed transaction value.

First-half earnings show operating growth

In the first-half 2026 earnings call, Yahoo Finance published Snam's adjusted EBITDA of EUR 1.572 billion, up 9.00 percent from the first half of 2025. Adjusted net income was EUR 733 million, down 2.00 percent year over year, or up 3.00 percent after excluding a EUR 52 million deflator-related one-off recorded in the first quarter of 2025.

The comparison matters because operating earnings and net income moved in different directions. The company also confirmed adjusted net income guidance above EUR 1.450 billion for fiscal year 2026, while higher depreciation, financial expenses and a EUR 40 million IRAP increase were identified as counterweights.

November results set the next marker

Snam's investor-relations calendar lists the interim financial report for September 30, 2026, for November 11, 2026, including a resolution on the payment of an interim 2026 dividend, according to Snam. That date gives the market a defined checkpoint for storage progress, asset rotation and the balance between earnings growth and financing costs.

Stock remains below yearly high

Snam was trading at EUR 5.57 at Lang & Schwarz on October 8, 2026 at 11:47 a.m. CEST, plus 0.36 percent versus the prior close of EUR 5.55 on October 7, 2026. The 52-week range was EUR 5.10 to EUR 6.87, and the market capitalization was EUR 18.7 billion as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Snam stock.