Logotype for Snam S.p.A.

Snam (SRG) investor relations material

Snam Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Snam S.p.A.
Q3 2025 earnings summary5 Nov, 2025

Executive summary

  • Strong financial and operational performance in the first nine months of 2025, with adjusted EBITDA up 6.6% and adjusted net income up 10% year-over-year, driven by regulated revenues and associate contributions.

  • Strategic projects advanced, including major progress on the Adriatic Line, FSRU Ravenna commissioning, and over 850 active construction sites.

  • Total investments reached €1,767 million, with a significant portion aligned to SDGs and EU Taxonomy.

  • Interim dividend of €0.1208 per share approved, up 4% year-over-year, payable January 2026.

  • Guidance for 2025 was raised for EBITDA and net income, while net debt guidance was lowered.

Financial highlights

  • Adjusted EBITDA reached €2,227 million (+6.6% yoy); adjusted net income at €1,096 million (+10% yoy); reported net profit was €1,080 million (+13.5% yoy).

  • Revenues grew 7.4% year-over-year to €2,846 million, mainly from gas infrastructure.

  • Investments totaled €1,767 million, in line with the previous year.

  • Net debt stood at €17,426 million as of September 30, 2025, down from June 2025.

  • Interim dividend of €0.1208 per share (+4% yoy) approved.

Outlook and guidance

  • Full-year 2025 guidance upgraded: adjusted EBITDA ~€2.95 billion, adjusted net income ~€1.42 billion, net debt ~€18.0 billion.

  • Investments for 2025 confirmed at €2.9 billion, with €2.5 billion for gas infrastructure and €0.4 billion for energy transition.

  • Upgraded guidance reflects regulatory updates, positive deflator impact, and improved cash conversion.

  • Net debt guidance lowered, assuming OGE stake acquisition is financed as planned.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Snam earnings date

Logotype for Snam S.p.A.
Q4 202518 Mar, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Snam earnings date

Logotype for Snam S.p.A.
Q4 202518 Mar, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Snam S.p.A. operates energy infrastructure focused on the transportation, storage, and regasification of natural gas. The company is also involved in projects related to hydrogen, biomethane, and energy efficiency. It serves utility companies and industrial clients across Italy and other European markets. The company is headquartered in San Donato Milanese, Italy, and its shares are listed on the BIT.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage