Next reporting 11 Nov 2026In 14 days
Snam S.p.A.
I · AI Analysis
The brief
Snam builds and operates the pipelines, storage depots, and regasification terminals that move natural gas across Italy and neighboring countries [Yahoo Finance]. The company is regulated, earning returns on its infrastructure assets, and is expanding into carbon capture, biogas, and energy efficiency services [Yahoo Finance].
Snam S.p.A. operates Europe's natural gas infrastructure, running approximately 38,000 kilometers of pipeline across Italy and several other countries [Yahoo Finance]. The company also manages liquified natural gas (LNG) regasification plants, storage facilities, and recently received EU backing for a carbon capture and storage project in Ravenna [ChemAnalyst]. With a market cap of EUR 20.6 billion and trailing-twelve-month revenue of EUR 4.0 billion through 30 June 2026, Snam is a regulated utility in Italy's energy infrastructure sector [Yahoo Finance].
Snam carries elevated debt and negative free cash flow, offset by stable regulated utility margins.
Sentinellis health
Moderate concerns
6.3/10
7.5+ strong · 4.5–7.5 moderate · under 4.5 weak
Profitability
Returns on capital
Growth & momentum
Balance sheet
Cash generation
Value creation
Sentinellis calculation from the published statements — not a score reported by any data source. Each category is scored on the checks that had data; missing inputs are excluded rather than counted as failures.
Market capitalisation
EUR 20.6B
Revenue (TTM)
EUR 4.0B
Explainers
How we read these numbers
Plain-English guides · no account needed
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ReadII · Recent news
What moved
6 stories · ranked by relevance
- Company2026-10-27
Snam - Orientamenti finali meno penalizzanti per il trasporto gas - Websim
Websim
- Company2026-10-23
EU Backs Eni-Snam’s Ravenna CCS Project to Boost CO₂ Storage Capacity - ChemAnalyst
ChemAnalyst
- Company2026-10-22
Eni and Snam secure EU backing for Adriatic CCS project - Splash247
Splash247
- Company2026-10-21
Eni and Snam Win EU Innovation Fund Backing for Ravenna CCS Project - environment coastal & offshore
environment coastal & offshore
- Company2026-10-27
Gas price surge propels Italgas and Snam to the top of the FTSE MIB - Il Sole 24 ORE
Il Sole 24 ORE
- Company2026-10-27
Fiammata gas spinge Italgas e Snam in cima al Ftse Mib - Il Sole 24 ORE
Il Sole 24 ORE
Premium · Free with any account
Free cash flow was negative EUR 63.0 million while the company spent 4.8% of its market cap on buybacks, meaning repurchases exceeded cash generation [Sentinellis calculation].
Risks
5
Opportunities
5
Red flags
1
Leadership
10
10 more findings in the full report — free with any account.
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