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National Grid Transco Plc (NGG)
NYSE:NGG
Earnings Data
Report Date
Nov 06, 2025TBA Not Confirmed
Period Ending
2026 (Q2)Consensus EPS Forecast
2.02Last Year’s EPS
1.83Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: 9.05%
|Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a strong start to National Grid's five-year plan with record capital investments and significant improvements in operating profit and return on equity. However, substantial impairments and regulatory challenges in specific projects and areas indicate ongoing difficulties. The company's stability and resilience were emphasized amidst these mixed outcomes.Company Guidance
During the call, National Grid provided comprehensive guidance for its future financial and operational trajectory. The company outlined a £60 billion capital investment plan focused on pure-play networks, aiming to drive asset growth of around 10% per annum and underlying earnings per share growth of 6% to 8%. The plan includes a £7 billion equity raise to secure funding through 2031. In the past year, National Grid achieved a record capital investment of £9.8 billion, 20% higher than the previous year, and delivered an underlying operating profit increase of 12% to £5.4 billion. The company also reported a regulated asset growth of 10.5% and declared a final dividend of 30.88p per share, bringing the total dividend for the year to 46.72p, an increase of 3.21%. The guidance reaffirmed its financial framework for 2024-2029 with expected EPS growth at the lower end of 6% to 8%, driven by planned investments over £11 billion for the next year, alongside a strategic focus on regulatory engagements and capital delivery across the UK and U.S. segments.Record Capital Investment
National Grid delivered record capital investment of £9.8 billion, 20% higher than last year, driving regulated asset growth of 10.5%.
Strong Operating Profit Increase
Underlying operating profit increased by 12% to £5.4 billion at constant currency, reflecting robust operational performance and increased regulated revenues.
Secured Supply Chain for Major Investments
Over two-thirds of the £60 billion capital investment is now secured, including 12 onshore and two offshore projects for ASTI, and significant progress in New York's $4 billion Upstate Upgrade.
UK Electricity Transmission Investment Surge
Investment in UK Electricity Transmission increased by 57% to £3 billion, driven by major substation upgrades and connectivity projects.
Positive Regulatory Developments
Achieved over 70% agreement on U.S. investments with regulators and saw favorable policy movements in both the U.S. and UK that support investment plans.
Return on Equity Improvements
Return on equity for New York improved to 8.7%, and a joint proposal in April increased Niagara Mohawk's return to 9.5%.
NGG Earnings History
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
NGG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | $65.54 | $68.07 | +3.86% |
Nov 07, 2024 | $61.32 | $61.50 | +0.29% |
May 23, 2024 | $61.97 | $53.13 | -14.26% |
Nov 09, 2023 | $51.31 | $51.11 | -0.39% |
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 Transco Plc (NGG) report earnings?
National Grid Transco Plc (NGG) is schdueled to report earning on Nov 06, 2025, TBA Not Confirmed.
What is National Grid Transco Plc (NGG) earnings time?
National Grid Transco Plc (NGG) earnings time is at Nov 06, 2025, TBA Not 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 NGG EPS forecast?
NGG EPS forecast for the fiscal quarter 2026 (Q2) is 2.02.