Snam SpA

SRG: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Snam Earnings: Strong Results Fueled by RAB Growth; Guidance Updated

Tancrede Fulop

Nov 5, 2025

Snam reported third-quarter results ahead of company-compiled consensus, with adjusted EBITDA up 9% year over year to EUR 735 million. Management raised full-year guidance to reflect the increase in the regulated asset base, or RAB, for 2025.

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Snam SpA

Snam Earnings: Strong Results Fueled by RAB Growth; Guidance Updated

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