Snam S.p.A.

Equities

SRG

IT0003153415

Oil & Gas Transportation Services

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-05-10 am EDT			5-day change	1st Jan Change
4.426 ^EUR	+0.09%		+2.72%	-4.92%

Apr. 11	Stock markets down ahead of ECB decision	AN
Apr. 11	Mib at 34,000; oil stocks push on list	AN

Snam denies exit from Italgas: "Baseless assumptions"

February 15, 2023 at 02:58 am EST

(Alliance News) - Snam Spa on Wednesday denied rumors that it is considering issuing a convertible bond to exit the capital of Italgas Spa.

"Snam specifies that it has not taken any action in relation to the Italgas stake it holds. Hypotheses about initiated financial transactions are unfounded to date," explained the utility, which holds 13.5 percent of Italgas.

According to press sources, Snam is reportedly studying a bond and could exit Italgas by March. A hypothesis, to date, that finds no confirmation.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ITALGAS S.P.A.	5.32 EUR	+0.95%	+1.43%	4.65B
	SNAM S.P.A.	4.426 EUR	+0.09%	+2.72%	15.99B

Latest news about Snam S.p.A.

Stock markets down ahead of ECB decision	Apr. 11	AN
Mib at 34,000; oil stocks push on list	Apr. 11	AN
Milan and Frankfurt pink jerseys; US data expected	Apr. 10	AN
Mib above 34,100 ahead of Italian retail sales	Apr. 10	AN
Futures await stock exchanges on U.S. pre-inflation	Apr. 10	AN
Stock markets down; gold still record high	Apr. 09	AN
Lists bearish; DiaSorin rises against the tide	Apr. 09	AN
Italian Energy Infrastructure Company Snam Issues EUR750 Million Note	Apr. 09	MT
Snam issues EUR750 million floating-rate bond	Apr. 08	AN
EU includes in its final priority list two Snam's projects	Apr. 08	RE
Futures bullish; Mib restarts at 34,000 points	Apr. 08	AN
Piazza Affari all in the red; Mib at 34,000	Apr. 05	AN
Futures down amid Fed and Middle East tensions	Apr. 05	AN
Milan in slight red; Azimut and Poste in spurt	Apr. 04	AN
Milan slows down despite good PMI data	Apr. 04	AN
Stock markets in green ahead of Eurozone macros	Apr. 04	AN
Snam to Raise Stake in Italy's Adriatic LNG Terminal	Apr. 04	MT
Sector Update: Energy Stocks Gain Late Afternoon	Apr. 03	MT
VTTI to control Italy's biggest LNG terminal, Snam to get 30%	Apr. 03	RE
Sector Update: Energy Stocks Rise in Wednesday Afternoon Trading	Apr. 03	MT
Snam increases its stake in Adriatic LNG to 30 percent	Apr. 03	AN
Baker Hughes Wins Contract to Supply Gas Turbine-Driven Compressor Trains to Snam	Apr. 03	MT
Baker Hughes: awarded contract by Snam in Italy	Apr. 03	CF
Fineco good on Mib; Eurozone inflation falls	Apr. 03	AN
Stock markets contrasted ahead of Eurozone macros	Apr. 03	AN

Chart Snam S.p.A.

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Company Profile

Snam S.p.A. is the leading European operator in natural gas transport. The group also develops natural gas storage and regasification businesses. Net sales break down by activity as follows: - transport of natural gas (63.2%): owns, at the end of 2022, a network of around 38,000 km of pipelines (75.4 billion m3 transported in 2022); - storage of natural gas (14.8%); - regasification of liquefied natural gas (1.2%); - other (20.8%): development and management of energy efficiency projects and biogas and biomethane production units, gas compression services, location of fiber-optic cables, etc.

Sector

Oil & Gas Transportation Services

Calendar

2024-05-15 - Q1 2024 Earnings Release

Related indices

STOXX EUROPE 600 (EUR) , FTSE MIB INDEX

More about the company

Income Statement Evolution

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Analysis / Opinion

SNAM : FY23: Solid results, the group continues to grow

March 14, 2024 at 05:57 pm EDT

SNAM CEO Venier considers sale of stake in UK-Belgium interconnector

January 30, 2024 at 06:19 am EST

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Ratings for Snam S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

4.426 EUR

Average target price

5.021 EUR

Spread / Average Target

+13.44%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Natural Gas Pipeline

	1st Jan change	Capi.
SNAM S.P.A.	-4.92%	15.99B
ENERGY TRANSFER LP	+15.51%	53.68B
DT MIDSTREAM, INC.	+19.38%	6.35B
EQUITRANS MIDSTREAM CORPORATION	+28.78%	5.69B
OQ GAS NETWORKS SAOC	-7.19%	1.6B
SHAANXI PROVINCIAL NATURAL GAS CO.,LTD	+8.32%	1.22B
S.N.T.G.N. TRANSGAZ S.A.	+1.80%	782M
JINHONG HOLDING GROUP CO., LTD.	-36.05%	140M
PETROVIETNAM LOW PRESSURE GAS DISTRIBUTION	-7.76%	136M
NATURELGAZ SANAYI VE TICARET	-24.94%	124M

Natural Gas Pipeline