Italgas S.p.A.

Italgas S.p.A.

ITGGF
Italgas S.p.A.US flagOther OTC
11.55
USD
- -
- -
11.74BMarket Cap
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.29
1.83
1.86
2.15
2.43
2.46
2.53
2.97
2.87
4.32
1.68
Basic EPS, GAAP
-0.08
0.34
0.36
0.49
0.45
0.42
0.47
0.51
0.55
0.83
0.36
Free Cash Flow per Basic Share
-0.15
0.06
0.29
0.03
0.02
0.02
-0.27
-0.33
0.24
0.66
0.3
Dividend per Share
- -
0.19
0.2
0.24
0.26
0.28
0.29
0.31
0.35
0.43
- -
Book Value per Share
1.08
1.5
1.53
1.67
1.87
2.01
2.21
2.42
2.64
3.55
- -
Tangible Book Value per Share
-3.97
-4.05
-4.76
-5.78
-5.95
-6.18
-7.09
-7.15
-6.99
-13.03
- -
Basic Weighted Avg Shares
862
862
862
854
853
862
863
863
864
811
940
Sales/Revenue/Turnover
248
1,579
1,602
1,836
2,077
2,118
2,183
2,564
2,479
3,508
1,581
Operating Margin (%)
11.67
26.86
28.46
27.97
29.07
27.72
28.25
28.99
32.53
35.12
38.27
Depreciation Expense
77
352
400
406
439
444
478
544
549
712
311
Net Income, GAAP
-72
293
314
417
385
363
407
440
479
672
338
Effective Tax Rate (%)
- -
27.65
26.45
22.63
27.36
27.01
25.89
20.24
24.57
28.39
28.04
Profit Margin (%)
-29.16
18.54
19.58
22.72
18.51
17.13
18.66
17.14
19.32
19.16
21.38
Working Capital
-2,497
60
-151
-334
-16
789
442
-519
-592
-245
- -
LT Debt
923
3,617
3,706
4,171
4,707
5,786
6,403
5,887
6,205
10,440
- -
Total Equity
1,064
1,186
1,329
1,795
1,977
2,142
2,391
2,601
2,794
4,166
- -
Return on Invested Capital (%)
- -
8.99
6.57
6.67
6.29
5.38
5.23
6.41
6.23
6.89
- -
Return on Capital (%)
- -
9.26
6.73
7.81
5.82
4.89
4.88
5.35
5.76
6.61
8.73
Return on Common Equity (%)
- -
26.34
24.05
30.45
25.45
21.76
22.36
22.01
21.91
26.05
- -

Capital Structure

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
ST Debt
1,949
753
- -
LT Borrowings
7,158
10,547
- -
LT Finance Leases
44
68
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
864
1,015
- -
Market Capitalization
5,378
6,210
7,403

Working Capital

FRC

in mil. unless spec.
Mar'25
Jun'25
Sep'25
Total Current Assets
3,860
1,838
- -
Cash, Cash Equivalents & STI
2,584
387
- -
Accounts Receivable, Net
824
819
- -
Inventories
58
75
- -
Total Current Liabilities
3,275
2,283
- -
Payables & Accruals
- -
- -
- -
ST Debt
1,949
753
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
17.05%
49.13%
Free Cash Flow
- -
-237.83%
160.99%
Net Income, GAAP
- -
12.77%
40.4%
Sales/Revenue/Turnover
- -
12.14%
41.54%
Total Cash Common Dividend
- -
9.63%
16.3%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
571
586
- -
- -
2,479
2025
644
937
- -
- -
3,508
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
- -
- -
- -
0.55
2025
0.2
- -
- -
- -
0.83
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.35
2025
- -
- -
- -
- -
0.43
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Paolo Gallo
Full Time Employees
6,500
Sector
Utilities
Industry
Regulated Gas
Address
Via Carlo Bo, 11 Milan MI Italy 20143
IPO Date
Jan 15, 2021
Website
italgas.it
Business
Italgas S.p.A. is a European leader specializing in the distribution of natural gas, water services, energy efficiency, and digital innovation. Founded in 1837 and headquartered in Italy, the company operates an extensive gas distribution network spanning approximately 155,000 kilometers across Italy and Greece, serving over 13 million customers and more than 4,000 municipalities. Italgas's core products and services include the management and distribution of natural gas; water distribution services through 6,300 kilometers of water networks in Italy; energy efficiency solutions; and advanced IT services supporting network digitization and innovation. Recent major changes include the strategic acquisition and integration of 2i Rete Gas, Italy’s second-largest gas distribution operator, which expanded Italgas’s network to over 72,000 kilometers and significantly increased its customer base. This acquisition, completed in mid-2025, positioned Italgas as the leading gas distributor in Europe by network size and customer numbers. Furthermore, Italgas is undergoing a digital transformation journey, evolving into a Network Tech Company that leverages artificial intelligence and smart technologies, exemplified by the roll-out of the Nimbus smart meter capable of accommodating hydrogen gas blends. The company is actively investing €16.5 billion through 2031 in infrastructure development, digitization, gas network repurposing including hydrogen blending, water and energy efficiency projects, and modernization programs as part of its 2025-2031 strategic plan. Italgas collaborates strategically with international partners such as Cadent to advance technological innovation and sustainability in gas network operations. The company also holds a minority stake in the US-based technology firm Picarro, focusing on methane emissions measurement and reduction. Italgas serves a broad market comprising residential, industrial, and commercial customers, reinforcing its presence across Italy, Greece, and other European Union countries. Its business segments encompass gas distribution, water services, energy efficiency, and IT solutions, positioning Italgas at the forefront of the energy transition with a focus on environmental sustainability and network resilience.

Company News

APIChat
  • Italgas S.p.A. (ITGGF) Q1 2026 Earnings Call Transcript

  • Italgas sets 2026 profit targets after quarterly earnings rise

  • Italgas S.p.A. (ITGGF) Q4 2025 Earnings Call Transcript

  • Italgas S.p.A. (ITGGF) Q3 2025 Earnings Call Transcript

  • Italgas: Steady Income Growth Through Market Volatility