Italian gas operator benefits from regulated revenue and energy transition activities

  • Snam’s net profit rose to 1.05 billion euros in the first nine months of the year
  • Adjusted earnings before interest, taxes, depreciation and amortization increased by 9.1%
  • Revenue rose by 17% to 2.81 billion euros
  • Snam confirmed its targets for the full year
  • Storage filling levels are currently at more than 99%
  • Interim dividend of EUR0.1128 per share will be distributed to shareholders for 2023

Italian gas operator Snam has reported a rise in net profit for the first nine months of the year, supported by its regulated revenue and energy-transition business. The company’s net profit reached 1.05 billion euros, while adjusted earnings before interest, taxes, depreciation and amortization increased by 9.1%. Revenue also saw a significant growth of 17% to 2.81 billion euros, driven by the development of energy efficiency operations and the gas-infrastructure business. Snam has confirmed its targets for the full year and currently maintains storage filling levels at over 99%. Additionally, the company will distribute an interim dividend of EUR0.1128 per share to shareholders for 2023.

Factuality Level: 8
Factuality Justification: The article provides factual information about Snam’s rise in profit, adjusted earnings, and revenue. It also mentions the company’s targets for the full year and its storage filling levels. The information is specific and supported by the company’s statements.
Noise Level: 7
Noise Justification: The article provides financial information about Snam’s profit and revenue, but it lacks analysis or insights into long-term trends, antifragility, accountability, scientific rigor, or actionable insights. It stays on topic and supports its claims with data, but overall, it contains mostly filler content and does not provide much value beyond the basic financial information.
Financial Relevance: Yes
Financial Markets Impacted: Italian gas market
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Snam, an Italian gas operator. It reports a rise in profit for the first nine months of the year, driven by regulated revenue and the energy-transition business. There is no mention of any extreme events or their impact.
Public Companies: Snam (N/A)
Key People:

Reported publicly: www.marketwatch.com