Earnings call transcript: Snam lifts 2026 EBITDA outlook in Q3 2026 update
Snam announced it had increased its 2026 EBITDA outlook in its Q3 2026 earnings update, despite the Italian gas infrastructure group's shares experiencing minimal movement in early trading. Adjusted EBITDA for the first nine months of 2026 rose 8% year-over-year to EUR 2.402 billion, up from approximately EUR 3.1 billion in the same period last year.
Adjusted net income grew to EUR 1.111 billion. The company maintained its net income guidance at EUR 1.111 billion for the year. Snam's storage levels reached 90% of capacity before the regulatory deadline, supporting its winter outlook, and the company said Italian gas demand grew 2.4% in the first nine months of 2026.
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