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Barclays has maintained an overweight rating on Snam S.p.A., a leading European natural gas transport operator. The company, which also engages in natural gas storage and regasification, reported that its net sales are primarily driven by gas transport (58.4%), with additional contributions from storage (13%), regasification (1.8%), and other activities (26.8%).
Snam S.p.A., a leading European natural gas transport operator, is set to meet FY24 earnings expectations, according to Morgan Stanley. The company’s net sales are primarily derived from natural gas transport (58.4%), with additional contributions from storage (13%), regasification (1.8%), and other energy-related services (26.8%).
European stock indexes are expected to be mixed, with the FTSE Mib projected to decline by 0.2%. In Milan, notable movements included Leonardo rising 1.6% to a 52-week high, while Telecom Italia fell 0.8% amid legal challenges. Meanwhile, Japan reported a narrowed trade deficit, and UK consumer confidence dropped in January.
The LNG market is set to increase supply, particularly from the US, with a projected 15% rise in production. European utilities are expected to see a 3% EBITDA decrease in 2024, with a further 2% decline in 2025, while pure grid operators will benefit from a 6% EBITDA growth due to supportive regulatory frameworks and expanding asset bases.
Snam S.p.A.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barclays maintains positive outlook on snam following fiscal year 2025 guidance
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