Snam stock reports 5.4 percent EBITDA growth in H1 2026

Published on 09/24/2026 at 22:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Snam stock stood at EUR 5.620 on September 24, 2026, as H1 investment rose 43.8 percent to EUR 1.613 billion. FY 2026 EBITDA guidance is EUR 3.1 billion.

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Snam stock traded at EUR 5.620 on Borsa Italiana on September 24, 2026, while first-half adjusted EBITDA rose 5.4 percent year over year to EUR 1.572 billion. The result gives the infrastructure operator a measurable earnings base as it expands investment across gas transport, storage and regasification.

EBITDA growth meets higher investment

According to Yahoo Finance, Snam reported adjusted EBITDA of EUR 1.572 billion in H1 2026, up 5 percent on the reported comparison and 9 percent after adjusting for a prior-period deflator effect. Adjusted net income was EUR 733 million, down 2 percent year over year.

Economia Italia reported H1 2026 revenue of EUR 2.026 billion, up 6.3 percent, while investment reached EUR 1.613 billion, up 43.8 percent from the prior year. Net debt stood at EUR 18.803 billion, up 7.4 percent from the end of 2025.

De Nora sale changes the portfolio

A current portfolio event adds a second valuation angle. MarketScreener reported on September 22, 2026, that a Snam subsidiary completed a placement of Industrie De Nora shares, leaving Snam with a 16.6 percent stake. The transaction can improve portfolio flexibility while preserving exposure to the holding.

Snam's investment pace is the key counterweight to its earnings growth. H1 investment of EUR 1.613 billion already represents 57.6 percent of the company's FY 2026 investment guidance of EUR 2.8 billion, making capital allocation central to the equity story.

Guidance sets the next benchmark

Snam's official targets page sets FY 2026 adjusted EBITDA guidance at EUR 3.1 billion, compared with EUR 2.97 billion in fiscal year 2025, a 4.4 percent increase. The target incorporates tariff regulated asset base growth, the OLT consolidation and new infrastructure contributions.

Stock trades at EUR 5.620

Snam stock stood at EUR 5.620 on Borsa Italiana on September 24, 2026, down 0.14 percent on the session. Market capitalization was EUR 21.52 billion, while the 52-week range was EUR 5.472 to EUR 6.450. The price sits 12.9 percent below the 52-week high, leaving earnings delivery and investment returns as the clearest measurable checkpoints.