Saipem (SPM) Reports Q2 Loss and 2026 EBITDA Cut

Saipem (SPM) reported a loss in Q2, which has led to a revision in its EBITDA for 2026 due to increased costs in the Middle East. The company did not disclose specific financial figures related to the loss or the new EBITDA estimate. This news reflects ongoing challenges in the region and has contributed to a drop in Saipem's stock price. Investors should be aware that such operational difficulties may impact the company's future performance and stock valuation.