Italgas reports 25% rise in first-half core earnings

MILAN, July 27 (Reuters) - Europe's largest gas distributor Italgas said on Monday that its adjusted core earnings rose 25% year-on-year in the first half of 2026, benefiting from efficiency gains from the recent acquisition of smaller rival 2i Rete Gas.

The Italian group reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of €1.07 billion ($1.22 billion) for the January-June period, in line with an analyst consensus compiled by LSEG.

($1 = 0.8773 euros)

(Reporting by Francesca Landini, editing by Giulia Segreti)