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National Grid (GB:NG)
LSE:NG
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
44.7Last Year’s EPS
42.4Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -1.50%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Positive
The earnings call reflects National Grid's strong financial performance and strategic positioning for future growth through increased investments and successful regulatory engagements. However, challenges in equipment supply and lower profitability in specific ventures present areas for improvement.Company Guidance
During the National Grid Half Year Results Presentation, CEO John Pettigrew provided guidance on the company's strategic initiatives and financial performance. National Grid plans to invest around £60 billion in its networks over the next five years, with £4.6 billion already invested in the first half of the fiscal year. The company successfully completed a £7 billion rights issue to bolster its balance sheet. In the U.S., regulated CapEx increased by 20% year-on-year, driven by a $4 billion upgrade program in upstate New York. The UK electricity transmission capital investment rose by 43% to £1.3 billion, with significant progress on major projects like the London Power Tunnels. National Grid reported an operating profit of £2 billion, a 15% increase from the prior year, and declared a 15.84p per share interim dividend. The company's focus remains on delivering a low-risk, high-quality asset growth strategy, with strong earnings growth and an inflation-protected dividend.Record Investment in Capital Projects
National Grid's investment reached a record £4.6 billion in the first half, marking a 19% increase year-on-year at constant currency.
Successful Rights Issue Completion
The company completed a £7 billion rights issue, positioning its balance sheet for future growth.
Strong Financial Performance
Underlying operating profit increased by 15% to £2 billion, with underlying earnings per share up 8% to 28.1p.
Positive Regulatory Developments
New rates agreed for New York and Massachusetts businesses, providing greater investment plan visibility.
Reliable Service Delivery
Despite severe weather, reliability remains strong across UK and US networks with rapid outage restorations.
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GB:NG 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
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GB:NG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | 967.35p | 966.17p | -0.12% |
| May 23, 2024 | 975.36p | 869.38p | -10.87% |
| Nov 09, 2023 | 823.19p | 833.03p | +1.20% |
| May 18, 2023 | 935.17p | 908.52p | -2.85% |
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.
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FAQ
When does National Grid (GB:NG) report earnings?
National Grid (GB:NG) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is National Grid (GB:NG) earnings time?
National Grid (GB:NG) earnings time is at May 15, 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 the P/E ratio of National Grid 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 2025 (Q4) is 44.7.
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