National Grid Upgrades Capital Investment Guidance and Projects 15%-16% EPS Growth
National Grid (NGG) has upgraded its capital investment guidance for the current fiscal year following a significant increase in spending during the first half. The company reported that capital investments rose by one-third during this period, driven by the completion of several key project milestones. The utility provider signaled a projected FY27 capital expenditure of approximately $13.5 billion and expects earnings per share (EPS) growth to fall within the 15% to 16% range. This spending is part of a broader long-term strategic plan aimed at investing at least $70 billion through fiscal year 2031.
Tickers: $NGG
Topics: Capital Investment Financial Guidance Quarterly Results
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Part of the story National Grid Reports 15.1% Revenue Growth and Outlines £70 Billion Five-Year Investment Plan (3 articles)