Snam SpA

SRG: XMIL (ITA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Snam Earnings: RAB Growth Drives Outperformance; 2030 Outlook Improved

Tancrede Fulop , Andrea Burigana

Mar 5, 2026

Snam reported strong 2025 results, surpassing its revised guidance. Its newly released strategic plan envisages total investments of EUR 13.7 billion through 2030, up from EUR 12.4 billion in the previous plan, supporting an expected adjusted EBITDA CAGR of 5.4% and net income CAGR of 4.5%.

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Snam SpA

Snam Earnings: RAB Growth Drives Outperformance; 2030 Outlook Improved

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