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Snam SpA (SNMRY)
OTHER OTC:SNMRY
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Snam SpA (SNMRY) Price & Analysis

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SNMRY Stock Chart & Stats

$14.21
-$0.07(-0.50%)
At close: 4:00 PM EDT
$14.21
-$0.07(-0.50%)

Bulls Say, Bears Say

Bulls Say
Regulated Business ModelSnam's core earnings derive from regulated infrastructure (transmission, storage, regasification) with tariff-based revenue tied to asset availability rather than commodity prices. That structural model delivers predictable cash flows and recovery of operating costs plus a regulated return, supporting durable revenue visibility and long-term planning.
Consistent High ProfitabilityHigh operating and EBITDA margins, plus stable net income (~€1.1–€1.3B historically), indicate structural earnings strength. Durable margins improve the firm's ability to fund capex, sustain dividends and absorb cyclical pressures, providing resilience through commodity and demand volatility common in energy infrastructure.
Improved Funding Profile And Credit MetricsSuccessful issuance of green and sustainability‑linked bonds, higher proportion of sustainable financing and positive rating actions lower refinancing risk and the effective cost of capital. This strengthens access to diversified funding for transition investments and provides durable support for balance sheet management and project financing.
Bears Say
High LeverageSustained high leverage limits financial flexibility, increases sensitivity to interest rates and constrains headroom for additional investment. Even with improving metrics, elevated debt levels raise refinancing and covenant risk and make credit metrics more vulnerable to shocks, a structural constraint on strategic optionality.
Weak And Volatile Free Cash FlowNegative free cash flow across multiple years and inconsistent cash conversion reduce the company's ability to deleverage organically or fund growth without external financing. Persistent FCF volatility forces reliance on capital markets for capex and dividends, increasing exposure to funding cost swings and limiting long‑term self‑funding capacity.
Regulatory Uncertainty For Next Gas PeriodPotential changes to regulatory treatment of gearing and remuneration of work in progress could materially alter allowed returns and cash recoveries. Regulatory shifts are structural for a regulated utility: an adverse outcome would reduce long‑term returns on the regulated asset base and pressure revenue and credit metrics over the next regulatory cycle.

Snam SpA News

SNMRY FAQ

What was Snam SpA’s price range in the past 12 months?
Snam SpA lowest stock price was $11.60 and its highest was $15.95 in the past 12 months.
    What is Snam SpA’s market cap?
    Snam SpA’s market cap is $23.61B.
      When is Snam SpA’s upcoming earnings report date?
      Snam SpA’s upcoming earnings report date is Nov 11, 2026 which is in 104 days.
        How were Snam SpA’s earnings last quarter?
        Currently, no data Available
        Is Snam SpA overvalued?
        According to Wall Street analysts Snam SpA’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
          Does Snam SpA pay dividends?
          Snam SpA pays a Semiannually dividend of $0.41 which represents an annual dividend yield of 4.98%. See more information on Snam SpA dividends here
            What is Snam SpA’s EPS estimate?
            Snam SpA’s EPS estimate for its next earnings report is not yet available.
            How many shares outstanding does Snam SpA have?
            Snam SpA has 1,680,429,000 shares outstanding.
              What happened to Snam SpA’s price movement after its last earnings report?
              Currently, no data Available
              Which hedge fund is a major shareholder of Snam SpA?
              Currently, no hedge funds are holding shares in SNMRY
              What is the TipRanks Smart Score and how is it calculated?
              Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                Snam SpA Stock Smart Score

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                Neutral
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                Company Description

                Snam SpA

                Snam S.p.A., together with its subsidiaries, engages in the operation of natural gas transport and storage infrastructure. It operates through Natural gas transportation; Natural gas storage; LNG regasification; and Market solutions segments. The company offers natural gas transportation and dispatching services; and owns and manages liquified natural gas (LNG) regasification plants. It also provides natural gas storage services through an integrated group of infrastructure comprising deposits, wells, gas treatment and compression plants, and the operational dispatching systems; and operates storage concessions located in Lombardy, Emilia-Romagna, and Abruzzo. In addition, the company offers energy efficiency solutions for companies, condominiums, tertiary, and public administration sectors; and invests, constructs, develops, and operates biogas and biomethane plants. Further, the company provides technical consulting services; and sells automotive compressed natural gas (CNG) compressors. It operates a natural gas transportation network of approximately 38,000 kilometers in Italy, Austria, the United Arab Emirates, France, Greece, and the United Kingdom. The company was formerly known as Snam Rete Gas S.p.A. and changed its name to Snam S.p.A. in January 2012. Snam S.p.A. was founded in 1941 and is headquartered in Milan, Italy.

                Snam SpA (SNMRY) Earnings & Revenues

                SNMRY Company Deck

                SNMRY Earnings Call

                Q2 2026
                0:00 / 0:00
                Earnings Call Sentiment|Positive
                The call presents a predominantly positive operational and financial picture: solid adjusted EBITDA growth, resilient associate performance, strong cash generation, successful green and sustainability‑linked financing, improved credit metrics, and well‑advanced storage and strategic projects (LNG, CCS, biomethane). Challenges noted are largely manageable or non‑recurring (OLT and Italgas transactions driving higher net debt in the period), together with regulatory uncertainty (seventh gas period / ROSS evolution), macro and geopolitical price volatility, modest increases in D&A, financial charges and taxes, and concerns about current remuneration for LNG. On balance the positives — recurring earnings growth, clear guidance confirmation, financing success and storage readiness for winter — outweigh the negatives, which are mostly either transitional, regulatory or macro risk factors.View all SNMRY earnings summaries
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