Snam Spa Reports Strong Earnings and Upgrades 2025 Guidance

Snam Spa ( (SNMRY) ) has released its Q3 earnings. Here is a breakdown of the information Snam Spa presented to its investors.

Snam Spa is a leading energy infrastructure company in Italy, primarily operating in the natural gas sector with a focus on transportation, storage, and regasification services. It is known for its extensive gas infrastructure network and commitment to sustainability.

In its latest earnings report for the first nine months of 2025, Snam Spa announced a significant increase in both EBITDA and net profit, with respective rises of 6.6% and 10%. The company has also upgraded its full-year 2025 guidance, reflecting strong operational performance and strategic investments.

Key financial highlights include total revenues of 2,846 million euros, marking a 7.4% increase from the previous year, driven by higher regulated revenues in the gas infrastructure business. The company also reported a reduction in net financial debt to 17,426 million euros and a substantial increase in LNG imports and gas exports. Additionally, Snam has signed an exclusivity agreement for the acquisition of Higas, aiming to convert its LNG storage facility into a regasification terminal.

Snam’s strategic focus on sustainability is evident, with 57% of its investments aligned with the United Nations Sustainable Development Goals. The company has also been recognized for its commitment to reducing methane emissions, receiving the United Nations Gold Standard for the fifth consecutive year.

Looking ahead, Snam’s management remains optimistic, revising its 2025 financial guidance upwards for EBITDA and net profit while expecting a further reduction in net financial debt. The company continues to prioritize investments in energy transition and infrastructure security, positioning itself for sustainable long-term growth.