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Snam SpA (SNMRY)
OTHER OTC:SNMRY
Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.28Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 1.75%
|Next Earnings Date:Nov 07, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and strategic progress, including increased EBITDA, net income, and investments, along with positive regulatory developments and LNG sector strengthening. However, concerns were noted regarding declining gas demand, increased net debt, and challenges with international associates. Despite these issues, the overall sentiment leans towards positive due to the significant upgrades in full-year guidance and strategic achievements.Company Guidance
During the Snam Q1 2024 earnings call, the company provided several key metrics and guidance updates. The adjusted EBITDA was reported at EUR 703 million, reflecting an 18% year-on-year increase, attributed to factors such as the weighted average cost of capital uplift and the Ross effect. Additionally, the adjusted net income rose by 11% to EUR 335 million. Investments climbed to EUR 462 million, marking a 48% increase compared to Q1 2023. The net debt stood at EUR 15.8 billion, with an average net cost of debt of 2.4%. Gas demand saw a decline of 2.6%, while gas prices were 50% lower than the previous year. Moreover, the company revised its full-year guidance, expecting EBITDA to exceed EUR 2.75 billion and adjusted net income to reach approximately EUR 1.23 billion. The CapEx forecast was adjusted to EUR 3 billion, driven by infrastructural projects such as the Ravenna breakwater construction. These updates indicate a strong start to the year for Snam, with an optimistic outlook for the remainder of 2024.Strong Financial Performance
Adjusted EBITDA increased by 18% year-on-year to EUR 703 million. Adjusted net income rose by 11% year-on-year to EUR 335 million. Investments reached EUR 462 million, up 48% versus Q1 2023.
Positive Regulatory and Market Developments
An uplift in weighted average cost of capital resulted in an 80 bps increase for transport and 60 bps for storage. The EU Hydrogen Bank awarded over EUR 700 million to several renewable hydrogen projects.
Strengthened LNG Position
Snam increased its stake in Adriatic LNG regas terminal from 7.3% to 30%, expecting to close the transaction by year-end. Strong LNG sector platform up to 20 bcm.
Upgraded Full Year Guidance
CapEx guidance increased to EUR 3 billion. EBITDA expected to exceed EUR 2.75 billion, up from the previous EUR 2.7 billion guidance. Adjusted net income guidance raised to approximately EUR 1.23 billion from EUR 1.18 billion.
Solid Gas Infrastructure Progress
Storage levels reached 60% at the end of winter, above historical levels. 100% of storage capacity for 2024/2025 was allocated.
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SNMRY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNMRY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $9.14 | $8.92 | -2.41% |
| Jul 31, 2024 | $9.33 | $9.40 | +0.75% |
| May 16, 2024 | $9.35 | $9.37 | +0.21% |
| Mar 14, 2024 | $9.41 | $9.34 | -0.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Snam SpA (SNMRY) report earnings?
Snam SpA (SNMRY) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Snam SpA (SNMRY) earnings time?
Snam SpA (SNMRY) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNMRY EPS forecast?
Currently, no data Available
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