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National Grid Transco Plc (NGG)
NYSE:NGG
Holding NGG?
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Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
2.9Last Year’s EPS
2.7Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 16, 2019
|% Change Since: -3.68%
|Next Earnings Date:Nov 08, 2018
Earnings Call Sentiment|Positive
The earnings call conveyed a positive outlook with strong financial performance, record capital investment, and strategic progress. While there are challenges in the supply chain and regulatory negotiations ahead, the company's strategic initiatives and growth plans are well underway and supported by recent financial moves.Company Guidance
During the call, National Grid provided comprehensive guidance on their future investment strategy and financial performance. The company plans to invest around £60 billion in its network over the next five years, with an expected asset growth rate of approximately 10% annually. In the first half of the fiscal year, they achieved a record capital investment of £4.6 billion, marking a 19% year-on-year increase. In the U.K., their construction is underway on various ASTI projects, while in the U.S., regulated capital expenditure rose by 20% year-on-year, partially due to a $4 billion upstate upgrade program. Financially, National Grid reported a 15% increase in underlying operating profit to £2 billion, driven by strong performance across regulated businesses and resulting in an 8% rise in underlying earnings per share to 28.1p. The company declared an interim dividend of 15.84p per share, reflecting their commitment to delivering sustainable shareholder returns.Strong Financial Performance
National Grid reported a 15% increase in underlying operating profit, amounting to £2 billion, with underlying earnings per share rising 8% to 28.1p.
Record Capital Investment
The company achieved a record £4.6 billion in capital investment in the first half, up 19% year-on-year, driven by major projects in both the UK and US.
Successful Rights Issue
Completion of a £7 billion rights issue positioned the balance sheet to support growth, allowing for a £60 billion investment over five years.
Progress on Strategic Milestones
Sale of the final 20% stake in the UK gas transmission business for £686 million and progress on major projects like the London Power Tunnels.
Regulatory Advances
New rates agreed for the New York gas business and Massachusetts electric business, enhancing investment visibility.
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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
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NGG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $63.09 | $63.27 | +0.29% |
| May 23, 2024 | $63.75 | $54.66 | -14.26% |
| Nov 09, 2023 | $52.79 | $52.59 | -0.38% |
| May 18, 2023 | $60.89 | $58.18 | -4.45% |
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 Transco Plc (NGG) report earnings?
National Grid Transco Plc (NGG) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is National Grid Transco Plc (NGG) earnings time?
National Grid Transco Plc (NGG) 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 NGG EPS forecast?
NGG EPS forecast for the fiscal quarter 2025 (Q4) is 2.9.
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