Snam stock trades at EUR 5.63 as H1 EBITDA rises 9 percent

Published on 09/29/2026 at 12:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted net income reached EUR 733.00 million in the first half of 2026, with the underlying result up 3 percent after a one-off adjustment. UBS raised its rating to Buy on September 10, 2026, while cutting its target from EUR 6.70 to EUR 6.60.

Fotorealistische Gaspipeline-Anlage in italienischer Landschaft bei Tageslicht — Snam S.p.A. (IT0003153415) betreibt italienische Gaspipelines, hier eine realistische Fernleitungsstation in ländlicher Landschaft, Illustration mit AI erstellt.

Snam stock (ISIN IT0003153415) was trading at EUR 5.63 at Lang & Schwarz on September 29, 2026 at 12:32 p.m. CEST. The latest operating update shows adjusted EBITDA of EUR 1,572.00 million for the first half of 2026, up 9 percent year-on-year on an adjusted basis.

H1 EBITDA reaches EUR 1,572 million

According to the Yahoo Finance transcript of the July 29, 2026 results call, adjusted EBITDA rose to EUR 1,572.00 million in H1 2026. The increase was 5 percent on the reported comparison and 9 percent after removing a EUR 52.00 million deflator-related one-off from the prior-year base.

Adjusted net income reached EUR 733.00 million in the same period. Yahoo Finance reported that the figure was down 2 percent year-on-year on the reported basis but up 3 percent after the one-off adjustment.

Net debt guidance improves to EUR 18.90 billion

The same Yahoo Finance transcript said Snam upgraded its full-year 2026 net debt guidance from EUR 19.00 billion to EUR 18.90 billion. Management also confirmed adjusted net income guidance above EUR 1,450.00 million, keeping the balance-sheet outlook tied to working-capital performance and investment spending.

Snam's financial profile remains closely linked to regulated gas infrastructure. A company profile published by MarketScreener describes transport, storage and regasification as the group's core activities.

UBS sets a EUR 6.60 target

For market context, Boursorama reported on September 10, 2026 that UBS raised Snam from Neutral to Buy while lowering its price target from EUR 6.70 to EUR 6.60. The change leaves the analyst view centered on earnings growth, dividends and Snam's infrastructure portfolio.

Snam stock stays at EUR 5.63

Snam stock was trading at EUR 5.63 at Lang & Schwarz on September 29, 2026 at 12:32 p.m. CEST. Snam is listed on Borsa Italiana under ticker SRG.MI and ISIN IT0003153415, according to Global Banking and Finance Review.