Snam SpA

SRG: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Snam Earnings: Another Quarter of EBITDA Growth Driven by Regulated Revenue

Tancrede Fulop , Andrea Burigana

Jul 29, 2026

Snam reported another solid quarter, with adjusted EBITDA increasing 9% year over year to EUR 797 million, driven by continued expansion of its regulated gas infrastructure business. Management reaffirmed full-year guidance while improving its net debt target by EUR 100 million to EUR 18.9 billion.

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Snam SpA

Snam Earnings: Another Quarter of EBITDA Growth Driven by Regulated Revenue

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