National Grid ( (NGG) ) has released its Q2 earnings. Here is a breakdown of the information National Grid presented to its investors.
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National Grid is a leading energy company operating in the electricity and gas sectors, primarily in the UK and the US, known for its extensive infrastructure and commitment to delivering sustainable energy solutions. In its latest half-year earnings report, National Grid showcased robust financial performance with a 17% increase in statutory operating profit and a 21% rise in profit before tax compared to the previous year. The company reported a record capital investment of £5 billion, emphasizing its strategic focus on infrastructure development and energy transition projects. Key highlights include a 6% increase in underlying earnings per share and a 3% rise in dividends, reflecting strong operational execution and strategic investments. Looking ahead, National Grid remains optimistic about its growth trajectory, with plans to invest over £11 billion this year and a five-year outlook projecting significant capital investments and asset growth, supported by a strong balance sheet and regulatory frameworks.