The earnings call highlights National Grid's robust performance with record investments, growth in regulated assets, and strong profits, despite challenges like storm impacts and project delays. The company appears well-positioned for future growth, but must address specific challenges in project execution and regulatory mechanisms.

Company Guidance

During National Grid's full-year results presentation, CEO John Pettigrew outlined significant financial and operational achievements, emphasizing the company's commitment to a £60 billion capital investment plan, projecting asset growth of approximately 10% per annum, and underlying earnings per share growth of 6% to 8%. The company reported a record capital investment of £9.8 billion, a 20% increase from the previous year, alongside an underlying operating profit increase of 12% to £5.4 billion. Despite geopolitical and economic challenges, National Grid maintained a robust balance sheet and declared a final dividend of 30.88p per share, marking a 3.21% increase over the previous year's rebased dividend. The company also highlighted its strategic infrastructure projects, including advancements in its ASTI portfolio and regulatory progress in both the UK and the U.S. National Grid's comprehensive financing strategy, including a £7 billion equity raise, ensures funding clarity until at least 2031, underscoring its financial resilience and commitment to delivering secure, affordable, and clean energy.

Record Capital Investment

Delivered a record capital investment of £9.8 billion, which is in line with their plan and 20% higher than last year.

Strong Underlying Operating Profit

Underlying operating profit increased by 12% to £5.4 billion at constant currency.

Regulated Asset Growth

Achieved regulated asset growth of 10.5%.

Dividend Growth

Declared a final dividend of 30.88p per share, taking the total dividend for the year to 46.72p, an increase of 3.21%.

New York Rate Plans Success

Agreed new rates for Niagara Mohawk with an improved return on equity of 9.5% and increased CapEx by 50% over three years.

National Grid (GB:NG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:NG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2026 (Q2)	0.30 / -	0.281	―	―	―
May 15, 2025	2025 (Q4)	0.45 / 0.45	0.424	6.60% (+0.03)	―	―
Nov 07, 2024	2025 (Q2)	0.27 / 0.28	0.219	28.31% (+0.06)	―	―
May 23, 2024	2024 (Q4)	0.42 / 0.42	0.349	21.49% (+0.08)	―	―
Nov 09, 2023	2024 (Q2)	0.22 / 0.22	0.271	-19.19% (-0.05)	―	―
May 18, 2023	2023 (Q4)	0.35 / 0.35	0.552	-36.78% (-0.20)	―	―
Nov 10, 2022	2023 (Q2)	0.27 / 0.27	0.097	179.38% (+0.17)	―	―
May 19, 2022	2022 (Q4)	0.38 / 0.55	0.34	62.35% (+0.21)	―	―
Nov 18, 2021	2022 (Q2)	0.19 / 0.10	0.158	-38.61% (-0.06)	―	―
May 20, 2021	2021 (Q4)	- / 0.34	0.351	-3.13% (-0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:NG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 15, 2025	986.23p	1015.85p	+3.00%
Nov 07, 2024	939.47p	938.32p	-0.12%
May 23, 2024	947.25p	844.33p	-10.87%
Nov 09, 2023	799.46p	809.03p	+1.20%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does National Grid (Uk) (GB:NG) report earnings?

National Grid (Uk) (GB:NG) is schdueled to report earning on Nov 06, 2025, TBA (Confirmed).

What is National Grid (Uk) (GB:NG) earnings time?

National Grid (Uk) (GB:NG) earnings time is at Nov 06, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of National Grid (Uk) stock?

The P/E ratio of National Grid is N/A.

What is GB:NG EPS forecast?

GB:NG EPS forecast for the fiscal quarter 2026 (Q2) is 0.3.

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