National Grid Reports Strong Q2 2027 Results and Upgrades FY2027 Earnings Guidance
National Grid (NGG) reported robust second-quarter results for fiscal year 2027, highlighted by a 22% growth in underlying earnings per share to 36.5p. This performance was driven by strong operational execution and significant fair value gains within the National Grid Partners portfolio. The company also upgraded its full-year 2027 EPS guidance to a projected 15% to 16% increase, citing momentum in project execution. Capital investment saw a substantial rise to £6.7 billion, fueled by record spending in U.K. electricity transmission under the RIIO-T3 framework. While net debt increased to £48.6 billion due to heavy capital deployment and strategic investments like the $1.75 billion stake in Joulent, operating cash flow rose 14% to £4.1 billion. The company remains focused on long-term infrastructure, with a planned £70 billion investment through fiscal year 2031.
Tickers: $NGG
Topics: capital investment dividend increase earnings report guidance upgrade utility infrastructure
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