SRG.MI · MIL FTSE MIB

Snam S.p.A.

Utilities · Utilities - Regulated Gas

€6.16 €0.000 (0.00%) today

Closing price on Nov 11, 2026 · Source: Yahoo Finance

Consensus of 20 analysts

Hold

Median price target €6.50 +5.6%

Open: €6.14
Day range: 6.14 – €6.19
52-week range: 5.40 – €6.87
Volume: 676,390
Market cap: €20,669M
P/E (TTM): 18.7x
EPS (TTM): €0.33
EPS est. 2026: €0.43
P/E est. 2026: 14.4x
Dividend yield: 2.9%
Beta: 0.63
Payout: 91%

Snam financials

Q2 2026 results, quarter ended Jun 30, 2026

Metric	Q2 2026	1-year change
Total revenue	€1,002M	+8.7%
Net income	€275M	−25.1%
Earnings per share	€0.08	−25.1%
Net margin	27.4%	−12.4 pp
Free cash flow	€360M	n/s
Debt / equity	2.35	+7.5%

Revenue and net income (€M)

Total revenueNet income

Quarter	Total revenue	Net income
Q1 2025	€970M	€406M
Q2 2025	€922M	€367M
Q4 2025	€1,006M	€174M
Q1 2026	€999M	€375M
Q2 2026	€1,002M	€275M

Snam earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ3 2026 · Analysts: 3	€0.1080.11 – 0.11	n/a
Next quarterQ4 2026 · Analysts: 3	€0.1020.09 – 0.11	n/a
Current year2026 · Analysts: 17	€0.4290.42 – 0.44	+1.4%€0.423
Next year2027 · Analysts: 19	€0.4340.41 – 0.45	+1.1%€0.429

Forward P/E: 14.4x (2026) and 14.2x (2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q1 2025	€0.121	—
Q2 2025	€0.109	—
Q3 2025	—	€0.097
Q4 2025	€0.052	€0.093
Q1 2026	€0.112	€0.121
Q2 2026	€0.082	€0.106
Q3 2026	—	€0.108
Q4 2026	—	€0.102

Year	Actual EPS	Estimated EPS
2022	€0.201	—
2023	€0.338	—
2024	€0.375	—
2025	€0.379	—
2026	—	€0.429
2027	—	€0.434

EPS trend

Quarter	EPS	YoY change
Q4 2026Estimated	€0.102	+97.7%
Q3 2026Estimated	€0.108	+10.8%
Q2 2026	€0.082est. €0.106	−25.1%
Q1 2026	€0.112est. €0.121	−7.7%
Q4 2025	€0.052est. €0.093	n/a
Q3 2025Estimated	€0.097	n/a
Q2 2025	€0.109	n/a
Q1 2025	€0.121	n/a

Year	EPS	Annual change
2027Estimated	€0.434	+1.1%
2026Estimated	€0.429	+13.4%
2025	€0.379	+0.9%
2024	€0.375	+10.9%
2023	€0.338	+68.4%
2022	€0.201	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Snam dividend

Yield and payments

Dividend yield (TTM)	2.9%
Forward yield (next 12m)	4.9%
Dividend per share (TTM)	€0.181
Forward dividend (next 12m)	€0.30
Payout (TTM)	91%
Last dividend	€0.181Jun 22, 2026
Next ex-dividend date	n/a

Dividend per share by year (€)

PaidEstimated

Year	Dividend per share
2019	€0.226
2020	€0.238
2021	€0.25
2022	€0.262
2023	€0.275
2024	€0.282
2025	€0.291
est. 12m	€0.30

Snam forecasts

20 analyst ratings

Buy30% Hold60% Sell10%

Consensus: Hold · 6 buy, 12 hold, 2 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	€7.30	+18.5%
Median	€6.50	+5.6%
Low	€5.40	−12.3%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	€5.73
Dec 30, 2025	€5.66
Jan 30, 2026	€5.80
Feb 27, 2026	€6.59
Mar 31, 2026	€6.55
Apr 30, 2026	€6.73
May 29, 2026	€6.27
Jun 30, 2026	€6.32
Jul 31, 2026	€5.89
Aug 31, 2026	€5.80
Sep 30, 2026	€5.59
Oct 30, 2026	€6.16
Nov 11, 2026	€6.16

Snam peers

Ticker	Company	Market cap (€M)	P/E	Price (€)	1-day change	52-week range
SRG.MI	Snam	20,669	18.7x	6.16	0.00%	5.406.87
NTGY.MC	Naturgy	27,458	13.7x	29.64	−0.07%	24.3031.12
IG.MI	Italgas	9,312	13.5x	9.15	−0.09%	8.0511.30
ENG.MC	Enagás	4,644	13.1x	17.84	+0.06%	13.0217.99
ATO	Atmos Energy	29,636	20.9x	175.37 $	+1.17%	154.72192.51
NI	NiSource	21,724	23.2x	45.29 $	+0.51%	38.4249.21

Stocks quoted in another currency are shown in their trading currency.

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