National Grid Aligns With Forecasts Pre-Results

National Grid Transco (NGG) has released an update.

National Grid Transco has released a pre-close update before their 2024/25 half-year results, indicating that the company’s performance aligns with expectations and that earnings per share will likely be higher in the second half of the year. Operating profits across UK and US businesses are consistent with past trends, with the US profits expected to be more heavily weighted towards the latter half of the year. The company also forecasts a more balanced distribution of interest costs and shares accounting for the rights issue impact.

For further insights into NGG stock, check out TipRanks’ Stock Analysis page.