National Grid Reports Record Investment and Asset Growth

National Grid ( (NGG) ) has released its Q4 earnings. Here is a breakdown of the information National Grid presented to its investors.

National Grid is a leading electricity and gas utility company operating in the UK and US, known for its focus on delivering secure, affordable, and clean energy. In its latest earnings report, National Grid announced a record capital investment of nearly £10 billion, marking a 20% increase from the previous year, and a 10% growth in regulated assets. The company reported a 12% increase in underlying operating profit, driven by strong performance in its regulated businesses, particularly in New York. Despite a 20% drop in dividend per share, the rebased dividend saw a 3% increase, aligning with inflation. Looking ahead, National Grid plans to invest around £60 billion over the next five years, with expectations of continued strong operational performance and asset growth. The company remains committed to providing long-term value to its shareholders while navigating international economic uncertainties.